$999,900 - 474 Phillip Murray Avenue, Oshawa
Detached for Sale in Oshawa
43 days on market- MLS Number
- E13090004
- Property Type
- Detached
- Status
- active
- Days on Site
- 43
- Bedrooms
- 7
- Bathrooms
- 5
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Oshawa
- Listing Brokerage
- LPT Realty
Turnkey Multiple Unit by the Lake - Luxury Finishes, with over 2400 sq. ft. of living space, Strong Income Potential & Multigenerational Living. Welcome to an exceptional opportunity to own a fully renovated, income-generating property just steps from the lake. Thoughtfully redesigned in 2022 with high-end finishes throughout, this stunning multiple-unit home offers the perfect blend of modern living, flexibility, and long-term value. The upper unit features 3 spacious bedrooms and 2 stylish 3-piece bathrooms. It is ideal for an owner-occupant or as a premium rental income. Lower units each offer 2 bedrooms and a well-appointed 3-piece bath, creating comfortable, self-contained living spaces for tenants or extended family. Every unit is independently equipped with its own furnace, air conditioning, and hot water on demand, ensuring efficiency, comfort, and reduced operating headaches. Ensuite laundry in each unit adds a level of convenience that today's tenants expect. Step outside to enjoy a private backyard, complete with a fully winterized shed featuring its own 3-piece bathroom-perfect as a studio, office, or flexible-use space. With ample parking, an attached garage, and a location within walking distance to the lake, this property checks every box for lifestyle and investment appeal. Whether you're looking to live in one unit while generating rental income, accommodating multigenerational living, or expanding your real estate portfolio with a cash-flowing asset, this property delivers! Come see it for yourself. Move-in ready. Income-ready. Future-ready.
Estimate your monthly payments for this property
Estimated Payment
$5,130.01/mo
Includes CMHC insurance ($27,897)
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.
474 Phillip Murray Avenue, Oshawa
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Rental income estimator & ROI calculator
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
Fair Market Value
At $909/sqft, this property is priced in line with current Oshawa market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 43 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.
Detached Home Advantages
Detached homes in Oshawa are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 7 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 5 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 $4,166 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.