42 Ritson Road S

Nestled in the vibrant community of Vanier, this Multi-Family Home for sale in Oshawa at 42 Ritson Road S, Oshawa, presents an exceptional opportunity for both first-time buyers and seasoned investors. With its prime location and versatile layout, this large, legally registered duplex is a gem that boasts three levels of rentable space. Whether you're looking to occupy one unit while earning rental income from the other or seeking a property with strong cash flow potential, this home ticks all the boxes.

The exterior of the property is charmingly constructed from brick, giving it a classic and sturdy appearance. As you approach the property at 42 Ritson Road S, Oshawa, you'll notice the private driveway that can accommodate up to six vehicles, ensuring that parking is never a hassle for you or your tenants. The lot measures a generous 41 by 60 feet, providing ample outdoor space, although there is no pool or additional land included.

Inside, the Multi-Family Home for sale in Oshawa is equally impressive. The property features two kitchens, which is a fantastic asset for a duplex, allowing each unit to function independently. The main level unit is bright and inviting, featuring a spacious one-bedroom suite complete with a full four-piece bathroom. This unit also includes its own private kitchen and the convenience of an in-suite washer and dryer. New windows have been installed, enhancing both the aesthetics and energy efficiency of the space.

Moving up to the upper unit, you'll find a spacious layout that includes two large bedrooms and two living rooms, perfect for families or those who enjoy having extra space. This unit also boasts a full four-piece bathroom, a private kitchen, and a delightful sunroom that floods the area with natural light. Like the main level, this unit is equipped with its own in-suite washer and dryer, making laundry day a breeze.

One of the standout features of this Multi-Family Home for sale in Oshawa is the presence of two separate hydro meters, which simplifies utility management for both tenants and owners. This thoughtful detail adds to the overall appeal of the property, making it a practical choice for anyone looking to invest in a rental property.

In terms of amenities, the location of 42 Ritson Road S, Oshawa, is simply fantastic. Situated in a central area, you'll find yourself just moments away from essential services, transit options, schools, and shopping centres. This accessibility not only enhances your quality of life but also makes the property attractive to potential tenants, ensuring a steady stream of rental income.

While the house is currently unfurnished, it provides a blank canvas for you to personalise and make your own. The central air conditioning system ensures comfort throughout the warmer months, while the forced air heating keeps the space cosy during the colder seasons. Although the basement is unfinished, it offers potential for further development, whether for additional storage or even more living space in the future.

Overall, this Multi-Family Home for sale in Oshawa at 42 Ritson Road S, Oshawa, is a rare turnkey income property in a high-demand area. With its ample parking, separate entrances for each unit, and close proximity to amenities, this property is not to be missed. Whether you're a first-time home buyer looking to offset your mortgage with rental income or an investor seeking a solid addition to your portfolio, this duplex is a brilliant opportunity. Don’t hesitate to explore this fantastic property and see for yourself what makes it such a desirable option in the heart of Oshawa!

Vanier is a charming neighbourhood nestled within the city of Oshawa, Ontario, characterised by its blend of residential comfort and convenient amenities. This area boasts a variety of parks and green spaces, making it ideal for families and outdoor enthusiasts alike. The community features a mix of housing options, from quaint single-family homes to modern townhouses, catering to diverse lifestyles. With easy access to local shops, schools, and public transport, residents enjoy a sense of connectivity while still benefiting from a tranquil suburban atmosphere. Vanier's welcoming environment and well-maintained surroundings make it an appealing choice for those seeking a balanced lifestyle in Oshawa.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to a range of academic needs for families. Within a short distance, you will find Mary Street Community School (0.8 km) and David Bouchard Public School (1.5 km), both offering elementary education in English and French, respectively, under the Durham District School Board. For secondary education, Durham Alternative Secondary School is just 1.0 km away, while R.S. McLaughlin CVI is located 3.1 km from the property. Additionally, there are notable Catholic schools nearby, including St. Hedwig Catholic School (1.1 km) and Sir Albert Love Catholic School (1.6 km), which have received favorable ratings of 2.8 and 6.4, respectively. Monsignor John Pereyma Catholic Secondary School (2.1 km) offers a solid secondary education option with a rating of 5.6. The area also features St. Thomas Aquinas Catholic School (2.3 km), providing education in French. Overall, this property is well-situated for families seeking quality educational opportunities, with a mix of public and Catholic schools available within a short commute.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 865 residents and an average household size of two. The average age of residents is 38.8 years, indicating a relatively young population. The average household income stands at $73,600, although 16.4% of the population lives in low-income conditions. The real estate market reflects an average property price of $590,000, with a significant majority of residents (80.23%) renting their homes. Notably, 58.39% of the population is single, and 26.83% of households include children, suggesting a mix of family and single-person households. The area is also home to a diverse population, with 24.86% of residents being immigrants. Educational attainment is relatively high, with 50% of the population holding a college or university degree. However, a significant portion of the community, 37.97%, is not in the labor force, which may impact local economic activity. Overall, this demographic snapshot highlights a vibrant, diverse community with a mix of families and young professionals, alongside challenges related to income and housing affordability.