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.
Royal LePage Burloak Real Estate Services
$729,000
191 Simcoe Street S, Oshawa, Ontario
4 Bedrooms
3 Bathrooms
5478 Sqft
Property
MLS® Number: 40721366
Address: 191 Simcoe Street S
City: Oshawa
Style: 2.5 Storey
Exterior: Brick
Lot Size: 132.0ft x 41.5ft
Utilities
Heating: Natural Gas, Water
Parking
Parking Spaces: 10
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Property Sale History
Travel and Neighbourhood
91/100Walk Score®
Walker's Paradise
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Location
