2545 Simcoe Street Unit 338, Oshawa

Price: $349,900

2 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: E13078924

Location! Location! Location! ***SPACIOUS BRAND NEW 1+1**1 Parking & 1 Locker. with Open balcony***SUPER MODERN BUILDING***: 24 Hours Concierge, App Controlled Smart Thermostat, In-App Video Access & Control to Intercom in Lobby, App-Controlled Smart Lock Capabilities for Suite Entry, Automated Parcel Locker System with Personalized Notifications, Security Camera Monitoring in Underground, Parking Structure, Lobby and Amenities Areas. ***LUX AMENITIES***:Full Equipped Gym, Yoga Studio, Cardio Room, Party Room with 60 Persons Capacity, Catering Kitchen, Business Lounge, Study Pods, Sound Studio, Visitors Parking, Outdoor BBQ, Meeting Room, Guest Suites, Rooftop Deck/Garden, Exercise Room, Recreation Room, Bike Storage, Media Room, Pet Wash Rm. ***AMAZING LOCATION***:Walk to multiple Plazas(COSTCO/Freshco/Banks/Restaurants/coffee/Salon/Dollarama/Service Canada/Transit Stops/much More). Close to Durham College, UOIT University. ***CONVENIENT LIFE***: BUS STOP AT DOORSTEP,MINS TO 407&Hwy7, Taunton Rd, 401, & Go train station. 20 min to Markham, 30 min to Scarborough& 1 hour to downtown.

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$349,900 - 2545 Simcoe Street Unit 338, Oshawa

Condo for Sale in Oshawa

45 days on market
2Beds
1Baths
500Sq Ft
Condo
Property Details
MLS Number
E13078924
Property Type
Condo
Status
active
Days on Site
45
Bedrooms
2
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Oshawa
Locker
Owned
Exposure
East
Balcony
Open
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Description

Location! Location! Location! ***SPACIOUS BRAND NEW 1+1**1 Parking & 1 Locker. with Open balcony***SUPER MODERN BUILDING***: 24 Hours Concierge, App Controlled Smart Thermostat, In-App Video Access & Control to Intercom in Lobby, App-Controlled Smart Lock Capabilities for Suite Entry, Automated Parcel Locker System with Personalized Notifications, Security Camera Monitoring in Underground, Parking Structure, Lobby and Amenities Areas. ***LUX AMENITIES***:Full Equipped Gym, Yoga Studio, Cardio Room, Party Room with 60 Persons Capacity, Catering Kitchen, Business Lounge, Study Pods, Sound Studio, Visitors Parking, Outdoor BBQ, Meeting Room, Guest Suites, Rooftop Deck/Garden, Exercise Room, Recreation Room, Bike Storage, Media Room, Pet Wash Rm. ***AMAZING LOCATION***:Walk to multiple Plazas(COSTCO/Freshco/Banks/Restaurants/coffee/Salon/Dollarama/Service Canada/Transit Stops/much More). Close to Durham College, UOIT University. ***CONVENIENT LIFE***: BUS STOP AT DOORSTEP,MINS TO 407&Hwy7, Taunton Rd, 401, & Go train station. 20 min to Markham, 30 min to Scarborough& 1 hour to downtown.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,795.17/mo

Includes CMHC insurance ($9,762)

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5-yr fixed avg.

Principal: $314,910Interest: $213,878
Mortgage Amount$324,672
Total Interest$213,878
Est. Property Tax$248/mo
Total Cost$538,551

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 338, Oshawa

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
5.3%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$325
Property Tax (est.)-$248
Insurance (est.)-$73
Net Cash Flow+$1,554

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 $700/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 45 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 338, Oshawa | $349,900 | Battaglia Team