45 Fairbanks Street

Welcome to this exceptional Multi-Family Home for sale in Oshawa , located at 45 Fairbanks Street, Oshawa. This impressive 1½ storey multiplex is situated in the vibrant Central community of Oshawa, within the Durham area, making it a prime investment opportunity. With its robust cash flow and potential for appreciation, this property is perfect for both seasoned investors and those looking to live in one unit while renting out the others.

This Multi-Family Home for sale in Oshawa boasts an impressive total of 13 rooms, including 8 spacious bedrooms and 4 well-appointed bathrooms. The property features three self-contained units, each equipped with its own legal kitchen and separate entrance, ensuring maximum privacy and flexibility for tenants. The main unit consists of 4 bedrooms and 2 bathrooms, providing ample space for families or groups. The basement unit offers 3 bedrooms and 1 bathroom, while the upper unit features a cosy 1 bedroom and 1 bathroom setup. This arrangement not only maximises rental income but also caters to a variety of tenant needs.

Set on a generous corner lot measuring 48 by 111 feet, this Multi-Family Home for sale in Oshawa is designed for convenience and functionality. With a total of 11 parking spaces available, tenants will have no trouble finding a spot for their vehicles. The property is also equipped with three separate hydro meters, simplifying utility management, while water and gas utilities are shared, further enhancing the ease of oversight.

While the property does not feature a pool or fireplace, it compensates with its excellent location and strong rental potential. The absence of air conditioning and a central vacuum system is offset by the property’s well-planned layout and the finished basement apartment, which includes a walk-up and a separate entrance, providing an additional layer of privacy for tenants. The heating is provided by a forced air system, ensuring comfort throughout the colder months.

Currently generating an impressive rental income of £6,000 per month, this Multi-Family Home for sale in Oshawa presents a lucrative opportunity for those looking to invest in a high-demand location. Its proximity to Highway 401, the GO Station, Durham Transit, shopping centres, and schools makes it an attractive option for potential tenants, ensuring a steady flow of rental income.

As you explore this property at 45 Fairbanks Street, Oshawa, you will appreciate the unfurnished nature of the units, allowing new owners or tenants to personalise their spaces to their liking. The community surrounding this home is vibrant and bustling, offering a wealth of amenities and services that enhance the living experience.

This Multi-Family Home for sale in Oshawa is not just a property; it is a rare find for multi-unit investors in Durham. Whether you are looking to expand your portfolio or seeking a property that pays for itself, this opportunity is not to be missed. The combination of strong cash flow, a desirable location, and the potential for long-term appreciation makes this home a standout choice.

In conclusion, 45 Fairbanks Street, Oshawa, is a remarkable investment opportunity that offers the perfect blend of functionality, location, and income potential. With its three separate units, ample parking, and proximity to essential amenities, this Multi-Family Home for sale in Oshawa is a must-see for anyone serious about property investment. Don't let this chance slip away; schedule a viewing today and discover the possibilities that await you in this fantastic property!

Central Oshawa is a vibrant and accessible neighbourhood that serves as the heart of the city, characterised by its mix of residential, commercial, and recreational spaces. This area boasts a diverse array of amenities, including parks, shops, and cultural attractions, all within walking distance. The community is well-connected by public transport, making it easy to explore the wider region. Central Oshawa also features a blend of historic and modern architecture, reflecting the city’s rich heritage while catering to contemporary lifestyles. With a strong sense of local identity and a variety of events throughout the year, Central Oshawa offers a welcoming environment for new residents looking to immerse themselves in a dynamic urban setting.

Schools in the Neighbourhood

This property is ideally situated near a variety of educational institutions, catering to different needs and preferences. The closest option is Grove School, a public institution offering grades JK to 12, located just 0.3 km away. For elementary education, David Bouchard Public School is available 1.8 km from the property, providing French language instruction for grades JK to 8. R.S. McLaughlin CVI, a secondary school also teaching in French, is located 3.2 km away. Families seeking Catholic education will find St. Thomas Aquinas Catholic School, offering both elementary and secondary options, just 1.0 km from the property, with a commendable school rating of 3.9. Additionally, Monsignor John Pereyma Catholic Secondary School, rated 5.6, is 1.7 km away and serves grades 7 to 12. The area is well-served by schools under both the Durham District School Board and the Durham Catholic District School Board, providing a diverse range of educational choices for families. Overall, this location offers excellent access to quality education, making it a desirable option for potential buyers with children.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 556 residents and an average household size of 2.3. The average age of residents is approximately 39.4 years, indicating a relatively mature population. The average household income stands at $70,500, although 21.2% of the population is classified as low-income. The housing market reflects an average property price of $600,000, with a significant portion of the population (67.44%) renting rather than owning homes. Notably, 65.59% of residents are single, while 30.77% live in households with children, suggesting a diverse family structure. The area also has a notable immigrant population, accounting for 19.42%. Educational attainment is relatively high, with 38.16% of residents holding a college or university degree. However, a significant portion of the population, 48.68%, is not in the labor force, which may impact local economic dynamics. Overall, this community presents a blend of demographics, with a mix of single individuals, families, and a diverse educational background, alongside challenges related to income and employment.