$560,000 - 2550 Simcoe Street Unit 1116, Oshawa
Condo for Sale in Oshawa
- MLS Number
- E13138332
- Property Type
- Condo
- Status
- active
- Days on Site
- 28
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Oshawa
- Locker
- None
- Exposure
- West
- Balcony
- Enclosed
- Listing Brokerage
- HOMELIFE/FUTURE REALTY INC.
Welcome To This Rare 3-bedroom, 2-bathroom Condo By Tribute Communities, Featuring The Largest Floor Plan In The Building With 877 Sq Ft Of Well-designed Living Space. This Bright, Open-concept Unit Is Filled With Natural Light From Floor-to-ceiling Windows, Creating A Spacious And Inviting Atmosphere.The Oversized Primary Bedroom Offers A Private Balcony And 4-piece Ensuite, While Two Additional Generously Sized Bedrooms With Large Closets Provide Flexibility For Family, Guests, Or A Home Office. Enjoy Modern Finishes Throughout, Including Full-size Stainless Steel Appliances And A Convenient Stacked Ensuite Washer And Dryer. Step Outside To Two Private Balconies With Sought-after Southeast Exposure, Offering Stunning Lake And CN Tower Views.Located In Prime North Oshawa, Just Steps To RioCan Shopping Centre, Costco, Durham College, And Ontario Tech University, With Quick Access To Highways 407, 410, 412, And 418 For Easy Commuting.Residents Enjoy Premium Amenities Including A Fitness Centre, Theatre Room, Party Room, Business Workspaces, Pet Wash Station, Dog Park, BBQ Area, Games Room, Visitor Parking, And Guest Suites.
Estimate your monthly payments for this property
Estimated Payment
$2,873.09/mo
Includes CMHC insurance ($15,624)
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.
2550 Simcoe Street Unit 1116, 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 $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 28 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 800 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 $2,333 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.