381 Simcoe St S

381 Simcoe St S
381 Simcoe St S
381 Simcoe St S
+22
8+2
 bed
6
 bath
6
 parking
$1,299,000
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$1,299,000
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Size
-
Lot size
409.7 sqm
Street frontage
E
Possession
30 Days
Price per sqm
-
Taxes
$8,404.33 (2024)
Parking Type
Detached Garage
Style
2-Storey
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Description
Incredible Investment Opportunity in the Heart of Oshawa! Seize the chance to own a fully rented 6-unit investment property perfectly situated in the vibrant core of Oshawa. This exceptional building comprises four spacious 2-bedroom units and two comfortable 1-bedroom units, already delivering a solid return on investment. Additionally, there's untapped potential to further increase your income by renting out the two large, detached garages at the back and utilizing the two substantial advertising spots on the front upper level of the building. This property boasts a prime location with easy access to Highway 401, public transit, and various amenities, making it an ideal choice for tenants seeking convenience and connectivity. Tenants will appreciate the close proximity to shopping, dining, parks, and schools, ensuring they have everything they need right at their doorstep. Recent upgrades ensure that this property is in excellent condition and ready for new ownership. Significant repairs include a new roof, a sturdy fence, and updated railings, enhancing the building's safety and aesthetic appeal. Apartment 6 has been particularly well-maintained, featuring a new stove, refrigerator, and ceiling, providing modern comforts that will attract and retain tenants. Additional Highlights: Fully Rented: Enjoy secure and steady rental income from day one! Extra Income Potential: Maximize your returns by renting out the detached garages and utilizing the advertising spots! Prime Location: Conveniently located near major highways, public transit, and all essential amenities! Recent Upgrades: New roof, fence, and railing, along with updated appliances in Apartment 6! Don't miss out on this fantastic opportunity to enhance your investment portfolio with a property that combines location, convenience, and potential for increased revenue. Contact us today to learn more and schedule a viewing! Do Not Disturb Tenants! Please respect the privacy of the current tenants!

EXTRAS: Recent Repairs, Including A New Roof, Fence, And Railing. A New Stove, Refrigerator, And Ceiling In Apartment 6 Ensure That This Property IsIn Great Condition And Ready For New Ownership.
Broker: BERKSHIRE HATHAWAY HOMESERVICES TORONTO REALTY
MLS®#: E8388414
Property details
Parking:
6
Parking type:
Detached Garage
Property type:
Multiplex
Heating type:
Water
Style:
2-Storey
MLS Size:
-
Lot front:
9.75 M
Lot depth:
42.67 M
Listed on:
May 31, 2024
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Jason Do
Sales Representative
Property.ca Inc., Brokerage
© Property.ca Inc., Brokerage
MLS#: E8388414
Listed by BERKSHIRE HATHAWAY HOMESERVICES TORONTO REALTY

About 381 Simcoe St S

Located at 381 Simcoe St S, this Oshawa multiplex is available for sale. This multiplex was listed at $1299000 in May 2024 and has 8+2 beds and 6 bathrooms. 381 Simcoe St S resides in the Oshawa Central Oshawa neighbourhood, and nearby areas include Vanier, O'Neill, McLaughlin and Lakeview.

Want to dine out? There are plenty of good restaurant choices not too far from 381 Simcoe St S, Oshawa.Grab your morning coffee at Tim Hortons located at 415 Simcoe St S. Groceries can be found at Cubert Milk & Variety which is only an 8 minute walk and you'll find Oshawa South Chiropractic only steps away as well. Love being outside? Look no further than Park, which is not far.

Getting around the area will require a vehicle, as there are no nearby transit stops.