558 Lansdowne Drive, Oshawa, ON L1G 1W3

$1,245,000
11
BD
6
BA
3,500
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$1,245,000
MLS#
E13503278
Status
ACTIVE
Type
Multifamily
SubType
Multiplex
Style
2 1/2 Storey
Bedrooms
11
Bathrooms
6
Living Area
3500-5000
Province
ON
Municipality
Oshawa
Area
Durham
Neighborhood
Eastdale
Subdivision
Adelaide/ Wilson

Property Description

Legal 6-Plex - Turnkey Investment in High-Demand Neighbourhood. Well-maintained, all-brick legal 6-unit building on a large 75' x 136' lot. Features 5 spacious 2-bedroom units and 1 one-bedroom unit, each with its own bathroom (five 4-piece and one 3-piece), private storage locker, and dedicated parking spot. Four units include private balconies.Recent updates include a new Goodyear White Membrane flat roof, some windows, flooring, appliances, paved driveway, glass sliding doors, and flooring. All units have 60-amp panels.Additional highlights: on-site coin laundry, solid terrazzo staircases (front & rear) with fire-code compliant doors/locks, and excellent access throughout. Tenants pay hydro & hot water: landlord pays heat. 7 parking spots total with room for more.This turnkey property is currently occupied by A++ long-term tenants and offers a 5% cap rate with strong upside potential for increased returns over time. Located in a quiet, highly desirable neighbourhood - walking distance to schools, Costco Plaza, and all amenities.

Additional Information

Taxes
$12,242
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Window Unit(s)
Kitchens
6
Exterior
Brick
Waterfront Type
None
Garage Type
None
Pool
None
Parking Spaces
7
Parking Type
Private

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of CENTURY 21 WENDA ALLEN REALTY.