513 Monteith Avenue

Introducing a remarkable opportunity with this Multi-Family Home for sale in Oshawa , located at 513 Monteith Avenue, Oshawa. This beautifully renovated brick bungalow is nestled on a quiet and desirable street in the Lakeview community, making it an ideal choice for both investors and first-time buyers. With its legal duplex status, this property offers two self-contained units, presenting a turn-key investment opportunity that cannot be overlooked.

The main floor of this Multi-Family Home for sale in Oshawa features a bright and spacious layout that is sure to impress. The large living room is perfect for relaxation and entertaining, adorned with refinished vinyl floors and ceramic tiles that add a touch of elegance. The sunny dining area boasts a convenient walk-out to the deck, creating an inviting space for al fresco dining or morning coffee. This level comprises three generous bedrooms, providing ample space for families or potential tenants.

Descending to the lower level, you will discover a completely separate two-bedroom apartment with its own private entrance, making it an excellent option for rental income. This apartment includes a full kitchen and a three-piece bathroom, ensuring comfort and privacy for its occupants. Additionally, a shared laundry area in the common space adds convenience for both households, making this Multi-Family Home for sale in Oshawa a practical choice for modern living.

This property has been successfully utilised as an Airbnb, generating excellent bookings and strong income from both units. Such versatility makes it a standout opportunity for those considering short-term or long-term rental strategies. With over $100,000 invested in professional renovations throughout, this home is entirely turn-key, allowing you to move in or start renting without delay.

Situated in a prime location, 513 Monteith Avenue, Oshawa, is conveniently close to public transit, the GO Station, and Highway 401, making commuting a breeze. Families will appreciate the proximity to schools, parks, shopping, trails, and recreational centres, ensuring that all amenities are within easy reach. Moreover, being only five minutes from the GM plant makes this property particularly attractive to quality tenants year-round.

This Multi-Family Home for sale in Oshawa is perfect for a variety of buyers. Investors seeking reliable cash flow will find this property to be an exceptional opportunity, while first-time buyers will benefit from the mortgage-supporting income that the duplex provides. Furthermore, it is an excellent option for multi-generational living, allowing families to remain close while enjoying their own private spaces.

The property boasts a generous lot size of 52 x 114 feet, providing ample outdoor space for potential landscaping or leisure activities. Although there is no pool or garage, the private driveway accommodates up to three parking spaces, ensuring convenience for residents and guests alike. The absence of a central vacuum system and family room does not detract from the overall appeal of this home, as the focus remains on the well-designed living spaces and the income-generating potential.

In summary, this Multi-Family Home for sale in Oshawa at 513 Monteith Avenue, Oshawa, is a rare, income-generating property situated in a high-demand area. With its turn-key status, prime location, and the potential for strong rental income, it is a must-see for anyone looking to invest in the thriving Durham region. Don’t miss your chance to secure this outstanding property that caters to a variety of living arrangements and investment strategies. Act now and seize the opportunity to make this Multi-Family Home for sale in Oshawa your own!

Lakeview, nestled in the vibrant city of Oshawa, is a picturesque neighbourhood that offers a delightful blend of natural beauty and urban convenience. Bordered by the serene shores of Lake Ontario, residents can enjoy stunning waterfront views and a plethora of outdoor activities, including walking trails and parks perfect for leisurely strolls or family picnics. The area boasts a mix of charming homes, local shops, and essential amenities, creating a welcoming atmosphere for families and individuals alike. With its close-knit feel and easy access to the bustling city centre, Lakeview presents an ideal setting for those seeking a tranquil yet connected lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find Lakewoods Public School and G.L. Roberts CVI, both part of the Durham District School Board, offering quality education from elementary to secondary levels. Lakewoods Public School, just 0.7 km away, serves grades JK to 8, while G.L. Roberts CVI, located only 0.4 km from the property, caters to grades 9 to 12. For those seeking a Catholic education, Monsignor Philip Coffey Catholic School is a mere 0.4 km away, providing a strong foundation for younger students in grades JK to 6, with a commendable school rating of 4.6. Monsignor John Pereyma Catholic Secondary School, located 2.4 km away, serves grades 7 to 12 and boasts an impressive rating of 5.6. Additionally, St. Thomas Aquinas Catholic School offers French language education for grades 1 to 8, situated 3.2 km from the property. With a variety of public and Catholic schools in close proximity, families will appreciate the educational options available to them in this vibrant community.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, vibrant community with a population of 351 residents as of 2021. The average household size is 2.5, and the population has a median age of 43.2 years, indicating a mature demographic. The average household income stands at an impressive $106,000, with only 11% of the population classified as low-income. The real estate market reflects this affluence, with an average property price of $590,000. The community is characterized by a diverse social fabric, with 44.07% of residents being single and 31.82% living in households with children. Additionally, 17.33% of the population consists of immigrants, contributing to the area's cultural diversity. Renters make up 27.59% of the households, while there are no condos available in the area. Educational attainment is notable, with 42.37% of residents holding a college or university degree. However, a significant portion of the population, 33.9%, is not in the labor force, which may reflect various factors including retirement or other commitments. Overall, this community offers a blend of stability, diversity, and economic potential.