3 Beds 2 Bath

388 Wolfe Street, Oshawa, ON L1H 3V1

Oshawa L1H 3V1 Ontario

MLS: E12184109

$769,000

Added 1 day ago | For Sale

Listed by: SUTTON GROUP-HERITAGE REALTY INC.

About Property

Legal two-unit raised bungalow - ideal for investment or multi-generational living! 7 car Driveway, no sidewalk. The beautifully maintained raised bungalow offers a legal two-unit designation, providing fantastic flexibility for investor or homeowners looking to generate rental income. Live in one unit and rent out to other to help offset your mortgage legally or use both as a full investment property! The home features 3+1 bedrooms with the option to convert the basement family room into a two-bedroom unit for increased rental potential, or a 4th bedroom of upstairs use. The primary bedroom offers a walkout to the backyard and the layout includes 2 bathrooms, 2 living rooms, 2 kitchens, 1 family. The shared laundry room is conveniently open to the family room which could be converted into another bedroom for the upper unit or incorporated into the basement apartment to create a larger two-bedroom unit. The property boasts a spacious driveway accommodating 6-8 vehicles, a large backyard perfect for family enjoyment and a generous size shed with upper loft - ideal for storage or workspace. Located close to schools, parks, essential amenities and minutes from the 401, 412 & 418, this home is in a prime location for tenants and homeowners alike. Income potential: upper unit $2,400-$2,500 plus a percentage of utilities, lower unit (1 bedroom): $1,600-$1,700 plus a percentage of utilities, lower unit (converted to 2 bedrooms) could yield $1,850-$1,950 plus a percentage of utilities. Don't miss this fantastic opportunity! OFFERS ARE WELCOME ANYTIME. Great Investment at a potential 5.5% ++ Cap Rate, great investment or great mortgage financial help.

Features

  • House Style:Detached
  • Bathrooms:2
  • Land Size: 50.05 X 140.72
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Ritson Rd & 401 - Ritson Rd & Bloor St East
  • Basement:Apartment,Separate Entrance , Apartment,Separate Entrance
  • Possession Date:30-90 Days
  • Annual Property taxes: $4023.2
  • Bedrooms:3 +2
  • Total Parking Spaces:7
  • Parking Places:7
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:E12184109

Level Type Features Dimensions
Main Foyer Vinyl Floor 5 ft, 10 in x 3 ft, 9 in
Kitchen Vinyl Floor, Side Door, Window 15 ft, 7 in x 7 ft, 10 in
Living Room Broadloom, Large Window 16 ft, 8 in x 11 ft, 6 in
Primary Bedroom Laminate, W/O To Yard, B/I Closet 9 ft, 9 in x 8 ft
Bedroom 2 Laminate, Window, Closet 9 ft, 10 in x 9 ft, 11 in
Bedroom 3 Hardwood Floor, Window, Closet 9 ft, 3 in x 9 ft, 11 in
Bathroom 4 Pc Bath, Window 9 ft, 11 in x 6 ft
Basement Bedroom 4 Laminate, Window, Closet 11 ft, 3 in x 10 ft, 10 in
Family Room Broadloom, Combined w/Laundry 11 ft, 9 in x 11 ft, 5 in
Kitchen Vinyl Floor, Eat-in Kitchen 11 ft, 1 in x 11 ft, 5 in
Living Room Laminate, Window 12 ft, 4 in x 11 ft
Bathroom Ceramic Floor, 3 Pc Bath, Window 7 ft, 11 in x 5 ft, 10 in
Laundry Concrete Floor 10 ft, 1 in x 3 ft, 3 in
Furnace Room Concrete Floor 11 ft, 7 in x 5 ft, 10 in

No property rooms available.

About Agent
Harpreet Singh
REALTOR®
(647) 825-3131 [email protected]
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