$920,000 - 1086 Somerville Street, Oshawa
Detached for Sale in Oshawa
110 days on market- MLS Number
- E12829658
- Property Type
- Detached
- Status
- active
- Days on Site
- 110
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Oshawa
- Listing Brokerage
- RE/MAX JAZZ INC.
Welcome to 1086 Somerville Street! This beautifully renovated home offers exceptional flexibility and space. The main residence features a spacious one-bedroom layout with an oversized living area, ideal for both comfortable everyday living and entertaining. Large windows throughout fill the home with natural light, creating a bright, warm, and inviting atmosphere.In addition to the main living space, the property has been thoughtfully updated to include a separate two-bedroom, one-bathroom unit. This suite boasts a generous living area, a well-sized kitchen, and a convenient walk-out to the backyard - making it perfect for extended family, guests, or potential rental income. For buyers seeking a single larger home, the layout can easily be converted back to one expansive residence. The lower level offers even more versatility, featuring a large laundry room, dedicated office space, recreation area, and an additional bedroom - providing plenty of room to grow and customize. With ample outdoor space and incredible flexibility, this property is an outstanding opportunity for both homeowners and investors. Enjoy the privacy of a secluded setting while remaining close to amenities and conveniences. As an added bonus, the buyer has the option to purchase the additional rear lot (125 ft x 114 ft) for $300,000. Don't miss this rare opportunity to own a truly unique property with endless potential!
Estimate your monthly payments for this property
Estimated Payment
$4,720.08/mo
Includes CMHC insurance ($25,668)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Oshawa
Oshawa is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Oshawa
- •Convenient location in Oshawa
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Oshawa offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1086 Somerville Street, Oshawa
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $613/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 110 days on site, this property has exceeded the typical selling timeline for Oshawa. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Oshawa are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Oshawa. Good resale value as demand remains consistent.
Investment Perspective
Looking at this as an investment: Oshawa properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,833 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.