About 394 Centre Street S
Rare Opportunity To Own A Solid Income Property In Central Oshawa. Registered As A Sixplex, The Building Is Currently Operating With Five Fully Tenanted Units After Two Suites Were Combined, With Future Potential To Reconfigure Back To Six Units (Buyer To Verify; Subject To Approvals). Set On A Quiet, Established Street With Quick Access To Downtown Amenities, Parks, Transit, The GO, And Hwy 401.Self-Contained Apartments Offer Practical Layouts And Good Natural Light; Common Areas Present Well. Laundry Is Located In The Basement, With Opportunity To Convert To A Coin-Operated System For Additional Income. The Rectangular Lot And Flexible Multi-Residential Zoning Support Long-Term Hold Strategies And Value-Add Plans. Stable In-Place Income With Clear Upside As Suites Turn And Rents Align With Area Averages.Estimated Cap. Rate ~6% Based On Current Income/Expenses; Financial Package, Rent Roll, And Floor Plans Available. Ideal Turnkey Addition To An Existing Portfolio Or A Smart First Multi-Family Step. 48 Hours Notice Required For Showings. Please Respect Residents. Showings By Appointment Only.
Features of 394 Centre Street S
| MLS® # | E12398835 |
|---|---|
| Price | $1,049,990 |
| Bedrooms | 3 |
| Bathrooms | 6.00 |
| Square Footage | 2,000 |
| Type | Residential Freehold |
| Sub-Type | Multiplex |
| Style | 2 1/2 Storey |
| Status | Active |
Community Information
| Address | 394 Centre Street S |
|---|---|
| Area | Durham |
| Subdivision | Central |
| City | Oshawa |
| Province | ON |
| Postal Code | L1H 4B9 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Waterfront | None |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Window Unit(s) |
| Fireplace | No |
| Basement | Full, Unfinished |
Exterior
| Exterior | Brick, Vinyl Siding |
|---|
Listing Details
| Office | LAND & GATE REAL ESTATE INC. |
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