Homes for sale - 388 WOLFE STREET, Oshawa (lakeview), ON L1H3V1

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Loralee Thomas

hello@loraleethomas.com +1(250) 430-1070

$ 769,000

Est. payment | -/mo

5 Beds

2 Baths

700 SqFt

Save Virtual Tour

$ 769,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

2 Baths

700 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 700 sqft

Price per Sqft $1,098

Subdivision Lakeview

MLS® Listing ID E12184109

Style Raised bungalow

Bedrooms 5

Property Sub-Type Freehold

Source Toronto Regional Real Estate Board

Property Description

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. (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Basement 3.75 m X 3.36 m Living room

Extra Room 2 Basement 2.41 m X 1.77 m Bathroom

Extra Room 3 Basement 3.08 m X 1 m Laundry room

Extra Room 4 Basement 3.44 m X 3.3 m Bedroom 4

Extra Room 5 Basement 3.58 m X 3.47 m Family room

Extra Room 6 Basement 3.38 m X 3.48 m Kitchen

Interior

Heating Forced air

Cooling Central air conditioning

Flooring Vinyl, Laminate, Ceramic, Concrete, Carpeted, Hardwood

Exterior

Parking Features No

Fence Fenced yard

Community Features Community Centre

View Y/N No

Total Parking Spaces 7

Private Pool No

Building

Story 1

Sewer Sanitary sewer

Architectural Style Raised bungalow

Others

Ownership Freehold

Virtual Tour https://video214.com/play/SY5kl48ZLvUBHwz9fady0g/s/dark

Listed by SUTTON GROUP-HERITAGE REALTY INC.

+1(250) 430-1070

hello@loraleethomas.com

Kootenays, BC, Canada

388 WOLFE STREET Oshawa (lakeview), ON L1H3V1