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Pina Marrella

info@pinarealestate.com +1(416) 909-1969

$870,000

Est. payment - /mo

7 Beds

3 Baths

1,500 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500 - 2000

Square Footage 1,500 sqft

Price per Sqft $580

Subdivision Lakeview

MLS® Listing ID E12997410

Bedrooms 7

Property Sub-Type Freehold

Property Description

Strategic income property in one of South Oshawa's most underrated lake-adjacent pockets. Legally registered as 2 units with an additional self-contained basement unit, this solid 2-storey brick property offers three fully separated units - each occupying its own level for privacy and strong rental appeal. The layout includes two 2-bedroom units and one spacious 3-bedroom unit. All units have separate electrical panels with electric baseboard heat. Shared laundry is located in the basement. Most recent rents totalled $5,450/month with tenants paying their own utilities. Unit 2 is currently vacant - creating immediate flexibility. Set new market rent as an investor, or live in the vacant unit and offset your mortgage with approximately $3,250/month from the other two units. What truly sets this property apart is its location. Just minutes to Lakeview Park and the Lake Ontario shoreline, you get the lifestyle benefits of waterfront living - morning walks along the trail, cooling summer lake breezes, and a peaceful, established-community feel - without paying waterfront taxes. This pocket offers a rare balance: residential charm with exceptional commuter convenience. Minutes to Highway 401, close to Oshawa GO Station, near major industrial employers, shopping, parks, and transit. Rental demand here remains steady due to lake proximity and commuter access, and properties this close to the shoreline are limited - supporting long-term value and stability. Whether you're expanding your portfolio or house hacking your way into ownership, this property offers cash flow today and smart positioning for tomorrow. Note: Unit 1 photos are from a prior listing. Unit 2 photos are virtually staged. (id:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 4.06 m X 3.12 m Kitchen

Extra Room 2 Second level 5.13 m X 4.04 m Living room

Extra Room 3 Second level 4.22 m X 2.97 m Bedroom

Extra Room 4 Second level 4.24 m X 3.25 m Bedroom

Extra Room 5 Lower level 5.13 m X 3.2 m Living room

Extra Room 6 Lower level 3.53 m X 3.2 m Bedroom

Interior

Heating Baseboard heaters

Cooling None

Flooring Ceramic, Vinyl, Laminate

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Ownership Freehold

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Listed by RE/MAX JAZZ INC.

Nearby Locations

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Pina Marrella

+1(416) 909-1969

Agent

380 PHILLIP MURRAY AVENUE Oshawa (lakeview), ON L1J1H3

Pina Marrella

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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380 PHILLIP MURRAY AVENUE