558 Lansdowne Drive

Oshawa, ONMulti-family
$1,200,000
MLS® E13503278
Multi-family11 beds6 baths7 total
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About This Property

Legal 6-Plex. 5.43 CAP%. Turnkey Investment in High-Demand Neighbourhood. Well-maintained, all-brick legal 6-unit building on a large 75' x 136' lot. Features 5 spacious 2-bedroom units and 1 one-bedroom unit, each with its own bathroom (five 4-piece and one 3-piece), private storage locker, and dedicated parking spot. Four units include private balconies.Recent updates include a new Goodyear White Membrane flat roof, some windows, flooring, appliances, paved driveway, glass sliding doors, and flooring. All units have 60-amp panels.Additional highlights: on-site coin laundry, solid terrazzo staircases (front & rear) with fire-code compliant doors/locks, and excellent access throughout. Tenants pay hydro & hot water: landlord pays heat. 7 parking spots total with room for more.This turnkey property is currently occupied by A++ long-term tenants and offers a 5.43% cap rate with strong upside potential for increased returns over time. Located in a quiet, highly desirable neighbourhood - walking distance to schools, Costco Plaza, and all amenities. (id:63604)

Key Facts

Type
Multi-family
Beds
11
Baths
6
Size
3,500 sqft
Lot
75 x 136.5 FT
Parking
7 total

Highlights

  • Washer
  • Refrigerator
  • Stove
  • Dryer
Property Details 15 details
Bedrooms
11 bedrooms
11 above grade
Bathrooms
6 bathrooms
Parking
7 parking spaces
No Garage
Living area
3,500 - 5,000 sq. ft.
Property
Multi-family
Property subtype
Multi-family
Structure type
Other
Storeys
2.50
Basement
Finished, Apartment in basement, Separate entrance, Walk-up
Heating
Baseboard heaters, Electric
Cooling
Window air conditioner
Fireplace
No
Lot dimensions
75 x 136.5 FT
Frontage
75 feet
Taxes
$12,242.00
Water source
Municipal water
Sewer
Sanitary sewer

Interior features

WasherRefrigeratorStoveDryer

Exterior features

BrickConcrete

Systems and association

SewerElectricityCable
Mortgage & Affordability Estimate monthly costs
Purchase price$1,200,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Eastdale
City
Oshawa
Postal code
L1G 1W3
Nearby
Cross Streets: Adelaide/ Wilson. ** Directions: Wilson/Adelaide.