$698,000

$728,000For salePrice drop↓ $30,000 (4%)

116 Summer Street, Oshawa (Central) - Single Family for Sale

116 Summer Street, Oshawa (Central), Ontario, L1H2K9

7 beds3 baths4 parking1,750 ft²40 × 111 ft (4,456 sq ft) lot sizeListed 55 days ago

Overview

This 7-bedroom, 3-bathroom home in Oshawa is for sale offering roughly 1,750 sq ft of space. It has been on the market 55 days, fresher than the Oshawa average of 66 days.

Houses for Sale in Oshawa →All real estate in Oshawa →

Description

Welcome to 116 Summer St! $$$ Updated Investment Opportunity In Central Oshawa with ALL UNITS VACANT! This Legal Duplex With An Additional Non-Conforming Basement Unit Offers 7 Bedrooms, 3 Kitchens & 3 Full Bathrooms, With Combined Rental Potential Of $6,000+/Month*! Situated On A Quiet Dead-End Street Leading To A Park, This Versatile Property Features A Premium Deep Lot & Flexible Living Arrangements-Ideal For Investors, Multi-Generational Families Or Buyers Looking To Live In One Unit & Generate Rental Income From The Others. Unit 1 Features 2 Main-Floor Bedrooms, A Separate Entrance, Private Laundry, A Kitchen, A Full Bathroom, Comfortable Living Space & Abundant Storage. Unit 2 Spans The Main & Upper Floors, Offering 3 Bedrooms, A Separate Backyard Entrance, A Walkout To A Deck, A Kitchen & A Full Bathroom. The Basement Unit Features Its Own Separate Entrance, 2 Bedrooms, A Kitchen & A Full Bathroom, With Laundry Shared With Unit 2. Extensive Updates Add To The Appeal Of This Income-Generating Opportunity In An Established Neighbourhood. Conveniently Located Close To Schools, Shopping, Transit & Parks. A Fantastic Opportunity To Set Your Own Rental Rates & Build Your Investment Portfolio Or Offset Your Mortgage With Rental Income! *Projected Rental Income To Be Verified By Buyer*. Do Not Miss This One!! (id:66096)

Property Details

MLS®: E13770056
Property Type: Single Family
Bedrooms: 7
Beds (above / below): 5 above · 2 below
Bathrooms: 3
Parking: 4
Interior Size: 1,750 ft²
Lot Size: 40 × 111 ft (4,456 sq ft)
Frontage: 40 ft
Storeys: 1
Basement: Apartment in basement, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $5,765.75/yr
Listed: 55 days ago

Features

Appliances: Refrigerator, Dishwasher, Stove, Dryer, Hood Fan, Two Washers, Water Heater
Foundation: Unknown
Exterior: Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

55d

Oshawa (Central) listings, avg age

66d

Price / ft²

$399

List price

$698K

Homes here sell faster than most markets

Sold homes in this market spent an average of 29 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 99.2 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 7-bed single family in Oshawa (Central) has been listed for 55 days, which is 11 days fresher than the city average of 66. Act while there is still low competition.

Set a price alert Book a showing

Listed by BAY STREET GROUP INC. · YINAN XIA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L1H)

This home lists at $698,000, about 9.5× the local median household income of $73,500.

Carrying it typically needs a household income of about $136,344 (20% down, 25-yr amortization, stress-tested) — roughly 86% above the area median.

Median household income: $73,500
Population: 32,298
Median age: 41.2
Owner / renter: 59% / 41%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L1H)

$698,000· $399/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment6.42% · $44,800.00

Min 6.42%50%

Mortgage payment$3,621/mo

↳ CMHC premium ($26,128 capitalized)

Property tax (est.)$480/mo

Total monthly$4,102

Cash Needed to Close

Down payment (6.42%)$44,800

Land transfer tax$10,435

Est. closing costs$4,594

Total cash needed$59,829

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Rental cashflow calculator