314 Hillside Avenue

Introducing a remarkable investment opportunity with a **Multi-Family Home for sale in Oshawa **. Nestled at 314 Hillside Avenue, Oshawa, this meticulously maintained, custom-built four-unit multiplex is a rare find in the vibrant community of Vanier, located within the Durham area. This solid brick building, constructed in 1990, showcases a well-balanced unit mix that consists of two spacious three-bedroom suites and two thoughtfully designed one-bedroom suites, each tailored for comfort and functionality.

The **Multi-Family Home for sale in Oshawa** boasts an impressive total of 10 rooms, including six additional rooms that enhance the living experience for tenants. With six bedrooms and two dens, this property is ideal for accommodating various living arrangements. Each unit has been designed with tenant comfort in mind, ensuring a high demand for occupancy. Notably, this property has maintained a remarkable record of zero vacancy for the past 14 years, with two units currently occupied by long-standing, reliable tenants. This reflects strong tenant retention and consistent cash flow, making it an excellent addition to any investment portfolio.

Recent capital improvements and ongoing maintenance have been diligently carried out to ensure the property remains in top condition. Significant updates include a roof replacement in 2021, a professionally re-paved driveway and parking area completed in 2010, and the replacement of front and upper-level windows in 2018. Additionally, a remote camera monitoring system was installed in 2023, enhancing security for both owners and tenants. A new coin-operated washing machine is set to be introduced in 2024, and new carpeting in the front and rear common areas is anticipated in 2025, as per the seller’s information.

The property is equipped with essential safety features, including annual fire safety inspections, pull stations, smoke detectors, and fire extinguishers, providing peace of mind for all residents. The **Multi-Family Home for sale in Oshawa** is unfurnished, allowing potential buyers to personalise the space according to their vision.

In terms of amenities, this property does not feature air conditioning or a central vacuum system, nor does it have a fireplace or a swimming pool. However, it does offer municipal water and sewer services, ensuring convenience for all tenants. The heating system is baseboard, providing warmth during the colder months.

Parking is a significant advantage of this **Multi-Family Home for sale in Oshawa**, with ample on-site parking available for residents and guests. The property features a private, mutual driveway that can accommodate up to six vehicles, making it highly attractive to renters. The location is another highlight, as it offers convenient access to public transit, schools, shopping, and major highways, enhancing its appeal to prospective tenants.

Situated on a generous lot measuring 55 X 115 feet, this property presents an exceptional opportunity for those looking to expand their existing portfolio or enter the multi-residential market. The building's age, between 31 to 50 years, adds character and stability, while the finished basement apartment provides additional living space that can be utilised for extra income or guest accommodation.

In summary, the **Multi-Family Home for sale in Oshawa** at 314 Hillside Avenue, Oshawa, is a turnkey asset that offers reliable income, low maintenance, and long-term value. Opportunities of this calibre are rarely available, making this an investment not to be missed. Whether you are an experienced investor or new to the market, this property is sure to meet your needs and exceed your expectations.

Vanier is a charming neighbourhood nestled within the city of Oshawa, Ontario, offering a blend of residential comfort and convenient amenities. Characterised by its tree-lined streets and a mix of single-family homes and townhouses, Vanier provides a welcoming atmosphere for families and individuals alike. The area boasts several parks and green spaces, perfect for leisurely strolls or outdoor activities. Residents enjoy easy access to local shops, schools, and public transport, making it an ideal location for those seeking a balance between suburban tranquillity and urban convenience. With a strong sense of community spirit and a variety of recreational opportunities, Vanier is an appealing choice for anyone looking to settle in Oshawa.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is St. Thomas Aquinas Catholic School, just 0.3 km away, offering a strong Catholic education for grades JK to 8, with a commendable school rating of 3.9. Another nearby option is Monsignor John Pereyma Catholic Secondary School, located 2.1 km from the property, which serves grades 7 to 12 and boasts an impressive rating of 5.6. For public education, Grove School is 1.2 km away, providing a comprehensive curriculum from JK to 12 in English. David Bouchard Public School, 2.6 km away, caters to younger students in grades JK to 8 with a French immersion program. R.S. McLaughlin CVI, located 3.4 km from the property, offers secondary education in French for grades 9 to 12. With a mix of both public and Catholic schools, this area provides diverse educational opportunities, ensuring that families have access to quality schooling for their children. The proximity of these schools enhances the appeal of the property, making it a great investment for those prioritizing education.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 428 residents, with an average household size of 2.2 individuals. The community is characterized by a median age of 44.1 years and an average household income of $79,000. Notably, 9.2% of the population is classified as low-income, while 52.63% of residents are single. Families with children make up 24% of the households, indicating a moderate presence of families in the area. Additionally, 14.46% of the population are immigrants, contributing to the area's diversity. The rental market is significant, with 32.5% of residents renting their homes, and there are no condominiums available in the area. The average property price stands at $570,000, reflecting the local real estate market. Education levels are relatively high, with 54.05% of residents holding a college or university degree. However, a considerable portion of the population, 44.59%, is not in the labor force, which may impact the local economy and community dynamics. Overall, this demographic snapshot suggests a well-educated, diverse community with a blend of singles and families, alongside a notable rental market.