1056 Ravine Road, Oshawa, ON L1H 4C8

$799,000
5
BD
3
BA
2,000
SqFt

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List Price
$799,000
Price Change
▼ $100,000 1784077339
MLS#
E13449552
Status
ACTIVE
Type
Multifamily
SubType
Triplex
Style
2-Storey
Bedrooms
5
Bathrooms
3
Living Area
2000-2500
Province
ON
Municipality
Oshawa
Area
Durham
Neighborhood
Lakeview
Subdivision
Ravine And Wentworth

Property Description

Rarely offered triplex on an exceptional ravine lot, now offered at an attractive new price! With 70 feet of frontage and a lot depth exceeding 300 feet, backing onto Oshawa Creek, this income-producing property offers privacy, green space, and a setting rarely found in today's market. The building features three self-contained units with separate hydro meters, dedicated storage lockers, private entrances, coin-operated laundry, and parking for approximately 5-6 vehicles. The main and upper units each offer two bedrooms and private balcony space overlooking the expansive backyard, while the lower unit offers a spacious one-bedroom layout. Originally renovated in 2016, the property features updated kitchens, bathrooms, flooring, windows, and mechanical systems. Each unit is equipped with a refrigerator, stove, microwave hood fan, and dishwasher (excluding the lower unit). Additional income is generated through the on-site coin-operated laundry facilities. What truly sets this property apart is the lot itself. Backing onto Oshawa Creek, the property offers a level of privacy and outdoor enjoyment rarely found in income-producing properties. Tenants enjoy access to a massive backyard with room to relax, entertain, garden, and play, all while being surrounded by nature. Two storage sheds are also located at the rear of the property. Conveniently located close to Highway 401, public transit, shopping, parks, schools, and Lake Ontario, this is an exceptional opportunity for investors seeking immediate positive cash flow and long-term upside. Now offered at an attractive new price, this property represents compelling value in today's market. Detailed investment package available, including virtual tour, floor plans, room measurements, operating expenses, and cash flow analysis.

Additional Information

Taxes
$8,097
Heat Type
Water
Heat Source
Gas
Air Conditioning
None
Rooms
11
Kitchens
3
Exterior
Brick, Vinyl Siding
Waterfront Type
None
Garage Type
None
Pool
None
Parking Spaces
6
Parking Type
Private

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Calculator source: Real Geeks

Listing courtesy of RE/MAX ULTIMATE REALTY INC..