$599,900 - 1387 Ritson Road, Oshawa
Detached for Sale in Oshawa
36 days on market- MLS Number
- E13123282
- Property Type
- Detached
- Status
- active
- Days on Site
- 36
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Oshawa
- Listing Brokerage
- FARIS TEAM REAL ESTATE BROKERAGE
Top 5 Reasons You Will Love This Home: 1) Move right in and enjoy a thoughtfully refreshed interior, featuring laminate flooring throughout the main and upper levels as well as the basement, complemented by ceramic tile in the kitchen and porcelain tile in the bathroom, with updated kitchen countertops creating a clean, modern space that's both stylish and functional 2) The finished basement adds valuable living space with a comfortable recreation room completed last year, offering flexibility for movie nights, a home gym, a playroom, or additional storage that can remain open or be easily enclosed 3) With three well-proportioned bedrooms, including a spacious primary retreat, the layout is practical and inviting, while the backyard provides a peaceful setting with a gazebo and shed, all tucked into a quiet, family-friendly neighbourhood 4) Enjoy confidence in your investment with key updates already complete, including shingles replaced last year, windows updated in 2017, a 100-amp electrical panel, and kitchen appliances that are only two years old 5) Perfectly located just five minutes from Lake Ontario and within walking distance to scenic trails, schools, and a community centre, with quick access to Highway 401, Oshawa Centre, and everyday shopping at Lake Vista Plaza. 1,044 above grade sq.ft. plus a finished basement. *Please note some images have been virtually staged to show the potential of the home.
Estimate your monthly payments for this property
Estimated Payment
$3,077.80/mo
Includes CMHC insurance ($16,737)
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.
1387 Ritson 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 $857/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.
Market Position
At 36 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 $2,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.