2-Storey Flip or Rental On A Large Corner Lot In Oshawa!! Assigned

  • $625,000
  • 3 beds
  • 1 baths
  • 1223 sqft
Assigned

Located on a sprawling corner lot, this 3+1 bedroom, 1 bathroom, this 2-storey is your oasis in the city! Within walking distance of all amenities, close to local transit routes, the 401 and downtown Oshawa, AND featuring a separate side entrance with the possibility to create an accessory apartment, this is the perfect investment opportunity. With updates to the exterior completed by the Seller (a general contractor!), the curb appeal of this property is exponential, and is only made better by the cozy updates that have been added to the interior. With a little bit of love, and some further cosmetic updating, this property has the potential to be an absolute show stopper! The average price for a detached property in Oshawa is $824,000, up 39.8% over the last year and at only $625,000, you can’t pass up the potential profit of this stunning property in one of the hottest GTA markets!!

We are selling our assignable purchase contract.

Closing is June 3rd, 2021

PROPERTY FEATURES
  • 3+1 bedrooms 
  • 1 full bathroom (listed as 2 bathrooms, as per MPAC)
    • Currently under renovation, will need to be completed
  • Built in 1948 (as per MPAC)
  • Above grade: 1223 sq ft (as per MPAC)
    • First floor: 624 sq ft
    • Second floor: 599 sq ft
  • Partially finished basement: 624 sq ft (as per MPAC)
    • Ceiling height is 6.65 ft (Buyer to verify)
  • Separate entrances:
    • Front door to main entrance way
    • Back door to kitchen area
    • Side door that leads to a landing, option to go downstairs to basement or to kitchen area upstairs
  • Wood-burning fireplace & coffered ceilings in living room
  • Flooring is a mix of click hardwood, original hardwood, carpet, and poured concrete
  • 100 AMP breaker panel
  • HE gas furnace is approximately 3-years-old (as per Seller)
  • No central AC
  • HWT is rented and was installed 5-years-ago (as per Seller)
  • Windows are approximately 15-years-old and were installed prior to Seller taking possession (as per Seller)
  • Lower portion of roof was updated 4-years-ago, and upper portion was updated in 2020 (as per Seller)
  • Brick exterior was covered in stucco for added curb appeal
  • Patio deck in backyard
  • 2 storage sheds
  • Detached garage was torn down to create extra backyard space
  • 2-car parking on private, paved driveway
  • On municipal services
  • Property taxes: $3800/year (as per Seller)
  • Large corner lot: 55 ft x 157.91 ft (as per MPAC)
  • Zoning: R1-C (as per MPAC)
    • The City of Oshawa allows for an accessory apartment within a single, detached property, so long as it abides by all rules and regulations. (see HERE – pg 101) — Buyer to verify

PROPERTY NEEDS

  • Cosmetic updating
  • Option to convert basement into an accessory apartment (Buyer to verify)

 

Please click HERE for more pictures and information.

Price:
$625,000
Address:
Wilson Rd N & King St E
Oshawa, ON
Square Feet:
1223
Lot Size:
55 ft x 157.91 ft
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1948
Basement:
Partially finished

Call (647) 400-2093 for more details

Property Location