427 Centre Street

Introducing a remarkable opportunity with this Multi-Family Home for sale in Oshawa , located at 427 Centre Street, Oshawa. This stunning legal duplex is nestled in the heart of Central Oshawa, making it an ideal investment for those looking to capitalise on the thriving rental market in the area. This delightful bungalow, constructed just nine years ago, offers a modern and spacious living environment that is sure to impress.

As you step into this Multi-Family Home for sale in Oshawa, you'll immediately notice the thoughtful design and layout. The property features two fully contained units, each boasting three generously sized bedrooms and two bathrooms. With a total of 12 rooms, including a family room and separate laundry facilities, this home is perfect for families or individuals seeking comfort and convenience. The stylish kitchens, equipped with luxury vinyl flooring, are designed for both functionality and aesthetics, making meal preparation a pleasure.

Situated at 427 Centre Street, Oshawa, this property spans a generous lot of 43 x 115 feet, providing ample outdoor space for residents. The exterior of the home is a combination of brick and vinyl siding, ensuring durability while maintaining an attractive appearance. The bungalow style of the building adds to its charm, making it a welcoming sight in the neighbourhood.

One of the standout features of this Multi-Family Home for sale in Oshawa is the central air conditioning system, which ensures a comfortable living environment throughout the year. While there is no pool or fireplace, the finished basement with a separate entrance adds significant value to the property, providing additional living space or potential rental income. The basement, with its generous 1,356 sq. ft., complements the main floor's impressive 1,503 sq. ft., making this a spacious option for any tenant or owner.

Parking is never a concern with this property, as it includes two dedicated parking spaces and an attached garage that can accommodate two vehicles. Although there is no driveway, the convenience of the garage ensures that residents have easy access to their vehicles. The property is connected to municipal water and sewer services, adding to the ease of living in this well-appointed home.

Currently, this Multi-Family Home for sale in Oshawa is fully rented to reliable tenants, making it a turnkey investment opportunity. With two furnaces, two hot water tanks, and two electrical panels, the home is designed for maximum efficiency, ensuring that maintenance and utility costs are kept to a minimum. The absence of a central vacuum system does not detract from the overall appeal, as the property has been left unfurnished, allowing new owners the freedom to personalise their space.

Located in the vibrant community of Central Oshawa, at 427 Centre Street, Oshawa, this property is close to a range of amenities, including shops, schools, and parks. The area is well-connected, making it easy for residents to commute and access everything they need. This Multi-Family Home for sale in Oshawa is not just a property; it's a lifestyle choice for those looking to invest in a growing community.

In summary, if you're searching for a lucrative investment opportunity in Durham, look no further than this exceptional Multi-Family Home for sale in Oshawa. With its modern design, ample living space, and prime location at 427 Centre Street, Oshawa, this home is a fantastic find for any investor. Don't miss out on the chance to own this remarkable property that promises both comfort and profitability.

Central Oshawa is a vibrant and diverse neighbourhood that offers a unique blend of urban convenience and suburban charm. Nestled in the heart of Oshawa, this area is characterised by its mix of residential homes, local shops, and community amenities. With easy access to public transport, including the GO Train, residents can enjoy seamless connectivity to Toronto and beyond. Central Oshawa is also home to several parks and recreational facilities, making it an ideal location for families and outdoor enthusiasts. The neighbourhood boasts a rich history, reflected in its architecture and local landmarks, while a variety of cultural events and community activities foster a sense of belonging. Whether you’re looking for a lively atmosphere or a peaceful retreat, Central Oshawa offers the perfect balance for prospective residents.

Schools in the Neighbourhood

This property is conveniently located near several schools, making it an ideal choice for families. The closest educational institution is Grove School, a public school offering grades JK to 12, situated just 0.6 km away. For elementary education, David Bouchard Public School, which provides French instruction for grades JK to 8, is located 1.8 km from the property. R.S. McLaughlin CVI, a secondary school offering French education for grades 9 to 12, is a bit further at 3.4 km. Families seeking a Catholic education will find St. Thomas Aquinas Catholic School, which serves grades JK to 8 and boasts a strong school rating of 5.2, only 1.0 km away. Additionally, Monsignor John Pereyma Catholic Secondary School, also in the Catholic board, is located 1.5 km from the property and offers grades 7 to 12 with a respectable rating of 3.7. Overall, the area provides a diverse range of educational options, including both public and Catholic schools, ensuring that families can find the right fit for their children's educational needs.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 482 residents, with an average household size of 2.1 individuals. The demographic profile reveals an average age of 39.9 years, indicating a relatively mature community. The average household income stands at $68,500, but 26% of the population is classified as low-income. The real estate market reflects an average property price of $500,000, with a significant portion of the population (76.09%) renting their homes. Among residents, 62.2% are single, while 36.36% live in households with children, suggesting a mix of family dynamics. Immigrants make up 13.08% of the community, contributing to its diversity. The area also has a notable percentage of residents with college or university education at 29.21%. However, a significant portion of the population, 46.07%, is not in the labor force, which may impact economic activity in the region. Additionally, condos represent 19.57% of the housing options available, catering to various living preferences. Overall, this demographic snapshot highlights a vibrant community with a blend of singles, families, and a diverse population, alongside a predominance of renters in the housing market.