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New2 days ago

116 Summer Street

Central, Oshawa

$728,000

Detached|1 1/2 Storey
5 | 3 | 4
About this home

Welcome to 116 Summer St! $$$ Updated Investment Opportunity In Central Oshawa with ALL UNITS VACANT! This Legal Duplex With An Additional Non-Conforming Basement Unit Offers 7 Bedrooms, 3 Kitchens & 3 Full Bathrooms, With Combined Rental Potential Of $6,000+/Month*! Situated On A Quiet Dead-End Street Leading To A Park, This Versatile Property Features A Premium Deep Lot & Flexible Living Arrangements-Ideal For Investors, Multi-Generational Families Or Buyers Looking To Live In One Unit & Generate Rental Income From The Others. Unit 1 Features 2 Main-Floor Bedrooms, A Separate Entrance, Private Laundry, A Kitchen, A Full Bathroom, Comfortable Living Space & Abundant Storage. Unit 2 Spans The Main & Upper Floors, Offering 3 Bedrooms, A Separate Backyard Entrance, A Walkout To A Deck, A Kitchen & A Full Bathroom. The Basement Unit Features Its Own Separate Entrance, 2 Bedrooms, A Kitchen & A Full Bathroom, With Laundry Shared With Unit 2. Extensive Updates Add To The Appeal Of This Income-Generating Opportunity In An Established Neighbourhood. Conveniently Located Close To Schools, Shopping, Transit & Parks. A Fantastic Opportunity To Set Your Own Rental Rates & Build Your Investment Portfolio Or Offset Your Mortgage With Rental Income! *Projected Rental Income To Be Verified By Buyer*. Do Not Miss This One!!

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  • Sun, Sep 13

    2:00 PM – 4:00 PM

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Got questions?

Contact Jonathan directly.

agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$5,766
Lot Size40.04 ft x 111.39 ft
mls© NumberE13770056
Listed ByBAY STREET GROUP INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,726
Property tax
$480
Heat allowance
$150
Housing costs
$4,357 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $145,600
25-yr amortization

Income needed

$134,000

gross annual household income

Payment at 4%
$3,064 / mo
Cash down
$145,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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