$1,200,000

580 Digby Avenue, Oshawa (Eastdale), Ontario, L1G1W6

For sale

182 days ago

$989K

580 Digby Avenue, Oshawa (Eastdale), Ontario, L1G1W6

6 bd3 ba6 pk2,250 ft²Lot size 70 × 96 ft (6,685 sq ft)

Listed by CENTURY 21 NEW CONCEPT

For sale

182 days ago

$989K

580 Digby Avenue, Oshawa (Eastdale), Ontario, L1G1W6

6,760 ft²Lot size 70 × 96 ft (6,687 sq ft)

Listed by CENTURY 21 NEW CONCEPT

Investment analysis

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$1,200,000

Oshawa

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Description

Legal 6-Plex. 5.92% CAP. 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 5.43% 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. (id:66096)

Property Details

MLS®: E13503278
Property Type: Multi-family
Bedrooms: 11
Beds (above / below): 11 above · 0 below
Bathrooms: 6
Parking: 7
Interior Size: 4,250 ft²
Lot Size: 75 × 137 ft (10,238 sq ft)
Frontage: 75 ft
Storeys: 2
Basement: Finished, Apartment in basement, Separate entrance, Walk-up, N/A, N/A, N/A, N/A
Heating: Baseboard heaters, Electric
Cooling: Window air conditioner
Garage: No Garage
Property Tax: $12,242/yr
Listed: 127 days ago

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

127d

Oshawa (Eastdale) listings, avg age

49d

Price / ft²

$282

List price

$1.20M

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.

Area context

Neighbourhood profile (L1G)

This home lists at $1,200,000, about 15.9× the local median household income of $75,500.

Carrying it typically needs a household income of about $234,402 (20% down, 25-yr amortization, stress-tested) — roughly 210% above the area median.

Median household income: $75,500
Population: 43,497
Median age: 43.2
Owner / renter: 56% / 44%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L1G)

$1,200,000· $282/ft²

For sale

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Full Cost Breakdown

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Down Payment7.92% · $95,000

Min 7.92%50%

Mortgage payment$6,126/mo

↳ CMHC premium ($44,200 capitalized)

Property tax (est.)$1,020/mo

Total monthly$7,146

Cash Needed to Close

Down payment (7.92%)$95,000

Land transfer tax$20,475

Est. closing costs$6,100

Total cash needed$121,575

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558 Lansdowne Drive, Oshawa (Eastdale) - Multi-family for Sale

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