$499,900 - 158 Celina Street, Oshawa
Multi-Family for Sale in Oshawa
137 days on market- MLS Number
- E12637600
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 137
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Oshawa
- Listing Brokerage
- SUTTON GROUP-HERITAGE REALTY INC.
A Fantastic Investment Opportunity In A Highly Walkable Location Close To All Amenities. This Legal Duplex Features Two Private Units, Each With Its Own Entrance. The Main Floor Offers 2 Bedrooms And 1 Bath, While The Upper Unit Includes 1 Bedroom & 1 Bath. Additional Highlights Include A Generous Backyard, Parking For Two Cars, And Onsite Coin-Operated Laundry. Numerous Updates Completed, Including A New Furnace (2021), Air Conditioner (2020), And Updated Windows Throughout (Excluding Basement), Flooring And Soffits Upgraded, Garden Shed, Kitchen Counters And Cabinets Upgraded, Added Insulation between Floors, Basement Professionally Waterproofed. Main floor is vacant ($1,900 + utilities) & upstairs tenant pays $1,600 + utilities ( tenant will vacate if required) Both units separate hydro meters & share gas. Investor Summary - 158 Celina St, Oshawa Excellent opportunity to acquire a legal duplex in a strong Oshawa rental location. This property generates $42,000 in gross annual income with a solid 7.16% cap rate. With conservative financing at a 3.89% interest rate and 30% down, investors can expect strong positive cash flow of approximately $13,800 annually. Two self-contained units provide diversified income streams, making this an ideal addition to any investment portfolio. Some staging is AI generated.
Estimate your monthly payments for this property
Estimated Payment
$2,564.75/mo
Includes CMHC insurance ($13,947)
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.
158 Celina 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 $454/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 137 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.
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.
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.