738 Simcoe Street N

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Oshawa , located at 738 Simcoe Street N, Oshawa. This well-maintained multiplex boasts a prime position in the family-friendly Centennial community, making it an ideal choice for investors, multi-generational families, or homeowners keen to offset their mortgage costs. With three spacious bedrooms and a full legal two-bedroom apartment registered with the city as a two-unit dwelling, this property is designed to cater to various living arrangements and income-generating possibilities.

The property features a distinctive 1 1/2 storey design, constructed from durable brick, ensuring both aesthetic appeal and longevity. The total of nine rooms within the house provides ample space for comfortable living. The layout is bright and functional, featuring two kitchens that facilitate convenient meal preparation for both units. Although there is no additional kitchen, the existing facilities are more than adequate for the needs of the residents. The home is unfurnished, allowing new owners to personalise the space to their taste.

The Multi-Family Home for sale in Oshawa includes three bathrooms, ensuring that all residents have access to essential facilities without the hassle of sharing. The property also boasts a family room, perfect for gatherings or relaxation. Central air conditioning provides comfort during warmer months, while the forced air heating system ensures a cosy atmosphere in the colder seasons. The home is connected to municipal water and sewer systems, enhancing convenience for everyday living.

One of the standout features of this property is the separate entrance to the basement apartment, which adds an extra layer of privacy for tenants or family members. The apartment is designed to be self-sufficient, with private laundry facilities and separate hydro meters for each unit. This thoughtful design maximises the rental income potential, making this Multi-Family Home for sale in Oshawa a sound investment.

Situated on an expansive lot measuring 48 X 342 feet, the property includes a detached garage with space for two vehicles and a private driveway that accommodates up to ten parking spaces. This is particularly advantageous for families or tenants with multiple vehicles. Although there is no swimming pool or fireplace, the ample outdoor space offers plenty of opportunities for landscaping or outdoor activities.

The location of 738 Simcoe Street N, Oshawa, is another significant advantage. Just steps away from top-rated schools and public transport, residents will find that all essential amenities are within easy reach. The property is also conveniently located midway between the bustling downtown core and the Ontario Tech University/Durham College campus, making it an attractive option for students and professionals alike. Furthermore, with easy access to Highways 401 and 407, commuting to other areas in Durham is straightforward.

Recent upgrades enhance the value of this Multi-Family Home for sale in Oshawa, including new electrical and plumbing installations completed in 2015, upgraded insulation, a new furnace installed in 2016, and air conditioning added in 2020. The roof was replaced in 2016, and new windows, skylights, and a front door were installed in 2015, ensuring that the property is both modern and energy-efficient.

In summary, this property at 738 Simcoe Street N, Oshawa, presents an incredible opportunity for those looking to invest in a versatile and well-located Multi-Family Home for sale in Oshawa. With its spacious layout, rental income potential, and recent upgrades, this home is ready to deliver on all fronts. Don’t miss your chance to view this exceptional property before it is snapped up by another savvy investor. Come and see the potential for yourself today!

Centennial is a vibrant and welcoming neighbourhood located in the city of Oshawa, Ontario, known for its blend of residential comfort and convenient amenities. Nestled near the scenic shores of Lake Ontario, this area features a mix of parks, schools, and shopping facilities, making it an ideal place for families and individuals alike. The community is characterised by its tree-lined streets and a variety of housing options, from charming single-family homes to modern townhouses. With easy access to major roadways and public transport, residents can enjoy a seamless commute to nearby urban centres while still relishing the tranquillity of suburban life. Whether you’re seeking recreational activities, local dining, or a friendly atmosphere, Centennial offers a delightful setting to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to a variety of academic needs. The closest schools include Grove School and St. Thomas Aquinas Catholic School, both just 1.5 km away, offering a range of grades from JK to 12 and elementary education, respectively. For families seeking French-language education, David Bouchard Public School, located 1.8 km away, provides instruction in French for grades JK to 8, while R.S. McLaughlin CVI, situated 4.4 km away, offers secondary education in French for grades 9 to 12. Additionally, Monsignor John Pereyma Catholic Secondary School, only 0.9 km from the property, is a highly-rated Catholic secondary school with a rating of 5.6, serving grades 7 to 12. Overall, the area boasts a mix of public and Catholic schools, with a strong emphasis on both English and French language instruction, making it an excellent choice for families prioritizing education. The proximity to these schools ensures easy access for students and a supportive community for families.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 607 residents, with an average household size of 2.1. The community has a relatively mature demographic, with an average age of 39.6 years. The average household income stands at $60,000, but a significant portion, 30.4%, is classified as low-income. The housing market reflects an average price of $490,000, with 66.67% of residents being renters, indicating a strong rental market. Single individuals make up a substantial 62.14% of the population, while households with children account for 25.81%. Additionally, 20% of the residents are immigrants, contributing to the area's diversity. Education levels are moderate, with 32.32% of the population holding a college or university degree. However, a notable 41.41% of residents are not in the labor force, which may impact the local economy. The area also features a small percentage of condominiums, at 12.28%. Overall, this demographic snapshot highlights a community with a mix of young professionals, families, and a significant rental population, alongside challenges related to income and employment.