93 Mcmillan Drive

Introducing a remarkable opportunity for both investors and homeowners alike, this house for sale in Oshawa presents an exceptional chance to generate additional income. Located at 93 Mcmillan Drive, Oshawa, this semi-detached property boasts a unique layout featuring three separate one-bedroom self-contained units, each equipped with modern kitchens and full bathrooms. The property has been thoughtfully renovated, ensuring it is a desirable option for potential tenants.

Situated in the O'Neill community of Oshawa, this house for sale in Oshawa benefits from its prime location near the bustling intersection of Park, Centre, Bond, and Adelaide streets. The area is well-connected, providing easy access to local amenities and public transport, making it an attractive choice for renters. The three kitchens within the property allow for independent living, enhancing the appeal of each unit. With two hydro meters installed, the management of utilities is simplified, making this an even more attractive investment.

The house at 93 Mcmillan Drive, Oshawa, features a total of seven rooms, including three bedrooms and three bathrooms, catering to the needs of various tenants. The partially finished basement offers additional potential for storage or further development, while the lot measures a generous 30 x 90 feet, providing ample outdoor space. Although there is no garage, the property includes a private driveway with parking space for up to three vehicles, ensuring convenience for both residents and visitors.

As you explore this house for sale in Oshawa, you will notice the absence of a family room and central vacuum system, but the central air conditioning ensures a comfortable living environment throughout the warmer months. The property is unfurnished, allowing new occupants to personalise their living space according to their preferences.

The heating system is powered by forced air, and the house is connected to municipal water and sewer services, providing peace of mind regarding essential utilities. While there is no pool or fireplace, the focus on practicality and modern living is evident throughout the property. The recent renovations have elevated the standard of living within the units, making them highly appealing to potential tenants.

Unit 2 is currently occupied, generating a rental income of $1,650, while Units 1 and 3 are vacant, presenting an immediate opportunity for new tenants. This aspect makes the house for sale in Oshawa particularly attractive for investors looking to maximise their returns. The strategic location near King Street further enhances the property’s desirability, as it is close to various shops, restaurants, and recreational facilities.

In summary, this house for sale in Oshawa at 93 Mcmillan Drive, Oshawa, is a golden opportunity for those seeking to invest in a property with multiple income-generating units. With its modern amenities, excellent location, and recent renovations, it stands out as a prime choice for both seasoned investors and first-time buyers looking to enter the rental market. Don't miss out on this chance to own a versatile property in the thriving community of O'Neill, Oshawa. Whether you're an investor aiming to expand your portfolio or a homeowner seeking a property with income potential, this house for sale in Oshawa is worth your consideration.

O'Neill is a vibrant and welcoming neighbourhood nestled within the city of Oshawa, Ontario, characterised by its blend of residential charm and convenient amenities. This area boasts a mix of well-established homes and modern developments, making it appealing to families and professionals alike. O'Neill is conveniently located near essential services, including schools, parks, and shopping centres, ensuring that residents have everything they need within easy reach. The community is well-connected by public transport and major roadways, providing seamless access to the broader Durham Region and beyond. With its friendly atmosphere and diverse population, O'Neill offers a delightful place to call home for those seeking a balanced lifestyle in a dynamic urban setting.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to families with children of various ages. Within a short distance, you will find Mary Street Community School, an English-speaking public elementary school just 0.6 km away, and O'Neill Collegiate and Vocational Institute, a secondary school offering grades 9 to 12, located 0.8 km from the property. For families interested in French-language education, Walter E. Harris Public School and R.S. McLaughlin CVI are available at 2.0 km, providing elementary and secondary education, respectively. Additionally, St. Christopher Catholic School, a well-rated Catholic elementary school (6.9 rating), is situated 1.4 km away, while Monsignor Paul Dwyer Catholic High School (4.3 rating) is 2.5 km from the property. St. Thomas Aquinas Catholic School, another option for elementary education in French, is located 1.8 km away. With a mix of public and Catholic schools, including options for both English and French education, this area offers a supportive environment for your children’s academic journey. The proximity to quality schools enhances the appeal of this property for potential buyers seeking a family-friendly neighborhood.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 451 residents, characterized by an average household size of 1.4 individuals. The community has a median age of 56.7 years, indicating a mature demographic. The average household income stands at $43,800, with a significant portion of the population, approximately 33.5%, classified as low-income. The housing market reflects an average property price of $520,000, with a striking 94.03% of residents being renters, and no condominiums available in the area. The majority of the population, 73.56%, is single, and only 13.33% of households include children, suggesting a preference for smaller, independent living arrangements. Additionally, 16.85% of the residents are immigrants, contributing to the community's diversity. Education levels are relatively high, with 40.48% of the population holding a college or university degree. However, a notable 65.48% of residents are not actively participating in the labor force, which may reflect the area's demographic and economic dynamics. Overall, this neighborhood presents a unique blend of mature, predominantly single individuals with a significant rental market and a diverse educational background.