$998,000 - 320 Elgin Street, Oshawa
Multi-Family for Sale in Oshawa
90 days on market- MLS Number
- E12902488
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 90
- Bedrooms
- 9
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Oshawa
- Listing Brokerage
- HOMELIFE LANDMARK REALTY INC.
Rare Legal Fourplex On An Oversized Lot In A High Demand Location! Exceptional Opportunity For Investors Or End-Users Seeking Strong Income Potential And Future Upside. This Well-Maintained Property Features 4 Self-Contained Units, 4 Separate Entrances, 3 Hydro Meters And 6 Parking Spaces. The Front Upper Unit Offers 3 Bedrooms, Living Room, Kitchen And 1 Bathroom And Is Currently Vacant, Providing Immediate Possession For Owner Occupancy Or The Opportunity To Set Market Rent. This Unit Features Several Newly Installed Windows As Well As New Flooring, Stove And Refrigerator. The Back Upper Unit Features 3 Bedrooms, Living Room, Kitchen And 1 Bathroom; The Front Lower Unit Includes 1 Bedroom, Living Room, Kitchen And 1 Bathroom; The Back Lower Unit Offers 2 Bedrooms, Living Room, Kitchen And 1 Bathroom. Buyer To Assume Existing Tenancies For The Remaining 3 Units. Common Area Coin-Operated Washer And Dryer Provide Additional Monthly Income. Long-Term Ownership With Excellent Maintenance And Pride Of Ownership Evident Throughout. Roof Replaced Approximately 2 Years Ago. Located Close To Public Transit, Shopping, Schools, Parks And Other Everyday Amenities. Excellent Option As A Turnkey Income Property, Owner-Occupied Investment, Or Future Redevelopment Opportunity On A Generous Lot.
Estimate your monthly payments for this property
Estimated Payment
$5,120.26/mo
Includes CMHC insurance ($27,844)
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.
320 Elgin 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 $499/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 90 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.
Excellent Flexibility
With 9 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Oshawa.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $4,158 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.