2545 Simcoe Street Unit 2302, Oshawa

Price: $299,000

1 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: E13200744

This spacious 1-bedroom, 1-bathroom condo in North Oshawa offers a functional, modern open-concept layout with sleek stainless steel appliances, floor-to-ceiling windows, and a walk-out from the living room to an oversized balcony with exceptional views & light.It is currently tenanted with great tenants who are flexible to stay or go, making it a strong opportunity for an end user or an investor seeking a turn-key, already tenanted unit.The location puts you steps from Costco, RioCan Shopping Centre, Durham College, and Ontario Tech University, with quick access to Highway 407.The building offers over 27,000 sq. ft. of premium amenities, including a rooftop terrace, fitness centre, yoga and sound studios, bar, private dining room, pet wash station, co-working spaces, 24-hour concierge and security, business and study lounges, party room, outdoor BBQ area, visitor parking, and guest suites.

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$299,000 - 2545 Simcoe Street Unit 2302, Oshawa

Condo for Sale in Oshawa

1Beds
1Baths
500Sq Ft
Condo
Property Details
MLS Number
E13200744
Property Type
Condo
Status
active
Days on Site
17
Bedrooms
1
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Oshawa
Locker
Owned
Exposure
West
Balcony
Open
Listing Brokerage
REMAX YOUR COMMUNITY REALTY
Description

This spacious 1-bedroom, 1-bathroom condo in North Oshawa offers a functional, modern open-concept layout with sleek stainless steel appliances, floor-to-ceiling windows, and a walk-out from the living room to an oversized balcony with exceptional views & light.It is currently tenanted with great tenants who are flexible to stay or go, making it a strong opportunity for an end user or an investor seeking a turn-key, already tenanted unit.The location puts you steps from Costco, RioCan Shopping Centre, Durham College, and Ontario Tech University, with quick access to Highway 407.The building offers over 27,000 sq. ft. of premium amenities, including a rooftop terrace, fitness centre, yoga and sound studios, bar, private dining room, pet wash station, co-working spaces, 24-hour concierge and security, business and study lounges, party room, outdoor BBQ area, visitor parking, and guest suites.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,534.02/mo

Includes CMHC insurance ($8,342)

$
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5-yr fixed avg.

Principal: $269,100Interest: $182,765
Mortgage Amount$277,442
Total Interest$182,765
Est. Property Tax$212/mo
Total Cost$460,207

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.

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Neighbourhood Guide: Oshawa

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

2545 Simcoe Street Unit 2302, Oshawa

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
4.8%
Good

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$325
Property Tax (est.)-$212
Insurance (est.)-$62
Net Cash Flow+$1,201

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $598/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.

Market Position

At 17 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.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Efficient Living

At 500 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.

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.

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    2545 Simcoe Street Unit 2302, O… — $299,000 | Battaglia Team