$659,900 - 1186 Ravine Road, Oshawa
Detached for Sale in Oshawa
140 days on market- MLS Number
- E12719936
- Property Type
- Detached
- Status
- active
- Days on Site
- 140
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Oshawa
- Listing Brokerage
- ROYAL LEPAGE FRANK REAL ESTATE
Looking for a Renovated Brick Bungalow with Basement In-Law Suite? This is It! Step Inside This Beautifully Renovated Bungalow And You'll Be Greeted By A Bright, Welcoming Space That Feels Instantly Like Home. The Main Floor Features an Open Concept, Spacious Living Room with Pot Lights & Large Picture Window & Accent Wall, that Flows into a Gorgeous Updated Kitchen With Sleek Quartz Counters & Plenty Of Cabinetry. Enjoy a Bright Eat-In Dining Area That's Perfect For Everyday Meals, But Also Large Enough for Entertaining. From Here, Step Out Onto Your Deck Overlooking The Backyard, Ideal For Morning Coffee Or Evening Barbecues - and Don't Miss The Large Powered Shed, Perfect For A Workshop, Hobby Space, Or Extra Storage. The Renovated Main Floor 4pc Bathroom Adds a Fresh, Modern Feel, & Two Good Sized Bedrooms Complete the Main Floor. Downstairs, You'll Find A Separate One-Bedroom In-Law Suite With Its Own Entrance, Complete with Updated Kitchen & Bathroom. A Fantastic Setup For Extended Family, Guests, Or Even Rental Potential. The Lower Level Also Includes A Large Shared Laundry Room With Tons Of Storage, Making It As Practical As It Is Convenient. The Home Is Bright, Clean, And Move-In Ready, And Its Location Is A Commuters Dream With Quick Access To Highway 401. On Your Days Off, You'll Love Being Just Minutes From Lakeview Park's Walking Trails Along The Waterfront. Close to Shopping & Amenities. Furnace & AC (2017), Owned Hot Water Tank. Fantastic Value!
Estimate your monthly payments for this property
Estimated Payment
$3,385.63/mo
Includes CMHC insurance ($18,411)
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.
1186 Ravine Road, 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
Fair Market Value
At $943/sqft, this property is priced in line with current Oshawa market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 140 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $2,750 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.