$1,099,999

For sale

393 King Street East, Oshawa (Central) - Multi-family for Sale

393 King Street East, Oshawa (Central), Ontario, L1H1E3

8 beds5 baths8 parking2,250 ft²50 × 200 ft (9,940 sq ft) lot sizeListed 41 days ago

Overview

This multi-family property in Oshawa is for sale offering roughly 2,250 sq ft of space. It has been on the market 41 days, fresher than the Oshawa average of 66 days.

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Description

Welcome to 393 King St, Oshawa! This incredible multiplex with 5 units presents an unbeatable investment opportunity in a prime location. Each unit features separate meters, allowing tenants to pay for their own hydro consumption, reducing your overhead costs. This setup offers a hassle-free management experience while maximizing your potential returns The property boasts a spacious driveway with conveniently labeled parking spots, ensuring ample parking for both tenants and visitors. This feature adds a significant advantage, enhancing the overall convenience and desirability of the property.Investors looking to capitalize on the thriving Oshawa real estate market will find this multiplex to be an exceptional opportunity. Don't miss out on this remarkable investment opportunity at 393 King St! (id:66096)

Property Details

MLS®: E13821382
Property Type: Multi-family
Bedrooms: 8
Beds (above / below): 8 above · 0 below
Bathrooms: 5
Parking: 8
Interior Size: 2,250 ft²
Lot Size: 50 × 200 ft (9,940 sq ft)
Frontage: 50 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Natural gas
Cooling: None
Garage: No Garage
Property Tax: $5,671/yr
Listed: 41 days ago

Features

Appliances: Refrigerator, Stove
Foundation: Unknown
Exterior: Stone, Stucco

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

41d

Oshawa (Central) listings, avg age

66d

Price / ft²

$489

List price

$1.10M

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 8-bed multi-family in Oshawa (Central) has been listed for 41 days, which is 25 days fresher than the city average of 66. Act while there is still low competition.

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Listed by RE/MAX EXPERTS · FRANCESCO DE DOMINICIS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L1H)

This home lists at $1,099,999, about 15.0× the local median household income of $73,500.

Carrying it typically needs a household income of about $214,868 (20% down, 25-yr amortization, stress-tested) — roughly 192% 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)

$1,099,999· $489/ft²

For sale

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Full Cost Breakdown

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Down Payment7.73% · $84,999.90

Min 7.73%50%

Mortgage payment$5,627/mo

↳ CMHC premium ($40,600 capitalized)

Property tax (est.)$473/mo

Total monthly$6,100

Cash Needed to Close

Down payment (7.73%)$85,000

Land transfer tax$18,475

Est. closing costs$5,800

Total cash needed$109,275

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