477 Montrave Avenue

If you’re on the lookout for a fantastic investment opportunity or a spacious family home, look no further than this Multi-Family Home for sale in Oshawa ! Nestled at 477 Montrave Avenue, Oshawa, this impressive property is perfect for those seeking a versatile living arrangement or a solid rental income. Situated in the Vanier community, this multiplex boasts easy access to Highway 401, making commuting a breeze. Plus, you’ll find public transport and shopping just a stone’s throw away, along with several schools in the vicinity—ideal for families or tenants alike.

This remarkable Multi-Family Home for sale in Oshawa features a generous six bedrooms spread across its two storeys, providing ample space for everyone. With a total of 11 rooms, including three well-appointed kitchens and four bathrooms, this property is designed for convenience and comfort. Each unit is equipped with its own laundry facilities and hydro meter, ensuring that tenants can enjoy their independence while you benefit from a steady rental income. The property also offers plenty of parking, with a private double driveway accommodating up to seven vehicles, alongside a detached garage that provides space for two cars.

The exterior of the house is clad in durable vinyl siding, giving it a modern and attractive appearance. The lot measures a spacious 40 x 115 feet, providing plenty of outdoor space for activities or relaxation. Although there’s no pool or fireplace, the property is perfect for those who prefer a low-maintenance lifestyle. The heating system is radiant, ensuring warmth during the colder months, while municipal water and sewer services are in place for added convenience.

Inside, you’ll find that the property has been recently updated, making it a desirable option for potential tenants or a large family. This year alone, the roof shingles, soffit, fascia, and downspouts have been replaced, ensuring the property is in tip-top shape. The four kitchens and bathrooms have also been updated, featuring stylish quartz countertops and modern appliances, including all new refrigerators and stoves. Additionally, there are two washer/dryer combo units, which come with a warranty from Rona, providing peace of mind for any new owner.

While there’s no central vacuum system or air conditioning, the property does have internet access, making it suitable for today’s tech-savvy tenants. The basement is partially finished and includes an apartment, offering even more potential for rental income or additional living space.

For those considering investment, this Multi-Family Home for sale in Oshawa presents a unique opportunity. With all four units currently vacant, buyers can take advantage of the chance to screen prospective tenants and select the right individuals to occupy the property. This flexibility allows for a tailored approach to managing the property, ensuring that you can maximise your investment.

In summary, 477 Montrave Avenue, Oshawa, is a superb Multi-Family Home for sale in Oshawa that caters to both large families and savvy investors. With its prime location, extensive updates, and ample space, this property is sure to attract interest. Don’t miss out on the chance to own this impressive multiplex—schedule a viewing today and see for yourself what makes this home such a fantastic opportunity! Whether you’re looking to house a large family or seeking a lucrative investment, this Multi-Family Home for sale in Oshawa is the perfect choice.

Vanier is a charming residential neighbourhood nestled within the city of Oshawa, Ontario, known for its family-friendly atmosphere and convenient amenities. Characterised by tree-lined streets and a mix of single-family homes and townhouses, the area offers a welcoming environment for families and individuals alike. Residents enjoy easy access to local parks, schools, and shopping centres, making daily life both comfortable and convenient. The community is well-connected by public transport and major roadways, providing seamless access to the broader Oshawa area and beyond. With its blend of tranquillity and accessibility, Vanier presents an appealing option for those seeking a vibrant yet peaceful place to call home.

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 solid education from JK to 8th grade, with a commendable school rating of 5.2. For secondary education, R.S. McLaughlin CVI is located 3.3 km away, providing a French-language curriculum for grades 9 to 12. Additionally, Monsignor John Pereyma Catholic Secondary School, also in the vicinity at 2.0 km, serves grades 7 to 12 and has a rating of 3.7. For younger students, David Bouchard Public School is 2.5 km away, offering a French-language program for grades JK to 8. Grove School, a public institution for grades JK to 12, is 1.1 km from the property, while St. Thomas Aquinas Catholic School also provides an elementary education option nearby. Overall, the area boasts a mix of public and Catholic schools, catering to various educational needs and preferences, ensuring that your children have access to quality education within a short distance from home.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, vibrant community with a population of 716 residents. The average household consists of 2.8 individuals, with a median age of 36.9 years, indicating a relatively young population. The average household income stands at $94,000, with only 7.6% of the population classified as low-income, suggesting a stable economic environment. The real estate market reflects this stability, with an average property price of $628,000. Socially, the community is diverse, with 25% of residents being immigrants and 43.9% of households having children. The area also has a significant proportion of single individuals, accounting for 47.9% of the population. Renters make up 35.29% of the housing market, with condominiums representing 19.61% of the properties available. Education levels are high, with 48.18% of residents holding a college or university degree. However, it is noteworthy that 29.09% of the population is not in the labor force, which may indicate a mix of students, retirees, or individuals pursuing other interests. Overall, this community presents a blend of economic stability, educational attainment, and demographic diversity.