Legal triplex with commercial zoning and a 6.8% cap rate, offering multiple value-add opportunities, including the potential to add a garden suite on the existing detached garage and spacious parking lot (accommodates 9+ vehicles). Each of the 3 self-contained units features separate hydro meters and individual heating controls, with shared laundry facilities located in the basement. The upper and lower units are currently tenanted and generating strong rental income, while the main floor will be delivered vacant as of May 1st, ideal for owner-occupiers or new tenants. Recent improvements include updated front entry railings, a new staircase banister for the upper unit, and a fully renovated basement apartment. Centrally located in Oshawa, the property offers easy access to Highway 401, Durham College, Oshawa GO Station, and is just a short walk to local shops, schools, and parks. (id:4069)
Address
191 SIMCOE Street S
List Price
$729,000
Property Type
Multi-family
Type of Dwelling
Triplex
Area
Ontario
Sub-Area
Oshawa
Bedrooms
5
Bathrooms
3
Floor Area
5,478 Sq. Ft.
MLS® Number
40721360
Listing Brokerage
Royal LePage Burloak Real Estate Services
Basement Area
Full (Finished)
Postal Code
L1H4H2
Zoning
PSC-A
Site Influences
Park, Place of Worship, Public Transit, Shopping
