390 Dean Avenue

Welcome to an exceptional investment opportunity: a Multi-Family Home for sale in Oshawa , located at 390 Dean Avenue, Oshawa. This impressive multiplex building, situated in the vibrant Central community of Oshawa, boasts a substantial lot measuring 90 x 79 feet. With a total of six thoughtfully designed units, this property is a remarkable find for those looking to expand their real estate portfolio or embark on their investment journey.

The Multi-Family Home for sale in Oshawa features a well-structured layout, comprising five spacious two-bedroom, one-bath units, alongside an additional two-bedroom, one-bath unit. This configuration not only caters to a diverse range of tenants but also ensures a steady cash flow potential. The property’s below-market rents present a fantastic opportunity for investors to maximise their returns while providing affordable housing options in a sought-after area.

At 390 Dean Avenue, Oshawa, you will find a total of twelve rooms, including six kitchens, which are essential for each unit. The building is constructed from durable brick, ensuring longevity and minimal maintenance. Although the property does not include a family room or additional rooms, the ample space within each unit allows for comfortable living. The absence of a fireplace and pool may be seen as limitations, yet they contribute to the low-maintenance nature of this investment.

The heating system is provided by baseboard heating, while wall unit air conditioning ensures that residents remain comfortable throughout the warmer months. Additionally, the property is equipped with municipal water and sewer services, further enhancing its appeal to prospective tenants. The internet connectivity available on-site is an essential feature for modern living, making this Multi-Family Home for sale in Oshawa even more attractive to potential renters.

Investors will appreciate the absence of a central vacuum system, garage space, and driveway, as these features often require additional upkeep. However, the property compensates with an impressive parking capacity, offering space for up to nine vehicles. This is particularly advantageous in a bustling area like Oshawa, where parking can often be a challenge.

The location of 390 Dean Avenue, Oshawa, is another significant selling point. Nestled in the heart of Durham, this property is conveniently close to major transportation routes, including the 401, making it easily accessible for both residents and visitors. Public transit options, parks, and shopping facilities are all within reach, ensuring that tenants have everything they need just a stone's throw away. The low vacancy rate in this prime location further underscores the desirability of this Multi-Family Home for sale in Oshawa.

In summary, this six-unit multiplex at 390 Dean Avenue, Oshawa, presents an outstanding opportunity for savvy investors. With its below-market rents and excellent cash flow potential, this property offers a unique combination of financial stability and growth potential. The well-maintained brick exterior, along with the practical features of the building, make it a low-maintenance investment that promises a stable income.

Don't miss out on the chance to own this gem in today's competitive multi-residential market. The Multi-Family Home for sale in Oshawa is not just a property; it is a strategic investment that can yield significant returns. Seize this opportunity to enhance your portfolio with a property that embodies both value and potential in a thriving community. Take the first step towards securing your future by considering this remarkable investment at 390 Dean Avenue, Oshawa.

Central Oshawa is a vibrant and accessible neighbourhood that serves as the heart of the city, characterised by its diverse blend of residential, commercial, and recreational spaces. The area boasts a variety of amenities, including parks, schools, and shopping centres, all within easy reach. Its well-connected public transport system makes commuting straightforward, while the charming streets are lined with a mix of historic homes and modern developments. Central Oshawa also hosts a range of community events and cultural activities, fostering a lively atmosphere that appeals to families, young professionals, and retirees alike. With its rich local history and a strong sense of place, Central offers a welcoming environment for anyone looking to settle in this dynamic part of Ontario.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to families with children of all ages. The closest school is St. Hedwig Catholic School, just 0.3 km away, offering a strong Catholic education for grades JK to 6, with a commendable school rating of 7.4. For elementary education, David Bouchard Public School is also nearby at 0.4 km, providing both English and French language programs for grades JK to 8. Secondary education options include Monsignor John Pereyma Catholic Secondary School, located 0.9 km away, which serves grades 7 to 12 and has a school rating of 3.7. Additionally, Durham Alternative Secondary School and R.S. McLaughlin CVI offer further education for grades 9 to 12, located 1.4 km and 4.3 km away, respectively. The area also features St. Thomas Aquinas Catholic School, providing French education for grades 1 to 8, situated 2.4 km from the property. With a mix of public and Catholic schools, along with various language programs, this location is ideal for families seeking quality education options for their children.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 540 residents, with an average household size of 2.5 individuals. The demographic profile indicates a relatively mature community, with an average age of 40.7 years. The average household income stands at $76,500, although 18.8% of the population is classified as low-income. The real estate market reflects a median home price of $530,000, with a significant portion of the population being renters, comprising 56.82% of households. Notably, 61.11% of residents are single, and 40.74% of households include children, suggesting a diverse family structure. The area also has a modest immigrant population at 11.67%. Educational attainment is fairly high, with 30.21% of residents holding a college or university degree. However, a considerable 39.58% of the population is not in the labor force, indicating potential economic challenges. Interestingly, there are no condominiums available in the area, which may influence housing options for prospective buyers. Overall, this community presents a blend of family-oriented and single residents, with a mix of income levels and educational backgrounds.