$699,900 - 487 Cunningham Avenue, Oshawa
Detached for Sale in Oshawa
85 days on market- MLS Number
- E12918774
- Property Type
- Detached
- Status
- active
- Days on Site
- 85
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Oshawa
- Listing Brokerage
- KELLER WILLIAMS ENERGY REAL ESTATE
Beautifully maintained and filled with natural light, this versatile home in Oshawa's sought-after McLaughlin neighbourhood offers the perfect blend of comfort, function, and opportunity, all set on a generous 55.42 x 135.75 ft lot.The open-concept main floor is designed for modern living, featuring rich hardwood flooring throughout and a bright, inviting layout. The spacious living room is warm and welcoming, flowing effortlessly into a formal dining area ideal for both everyday living and entertaining. The kitchen is thoughtfully finished with a stylish backsplash and a gas stove, a feature home cooks will truly appreciate.The main level also offers three well-sized bedrooms, including a versatile third bedroom with a walkout to the patio overlooking the beautifully landscaped backyard, perfect as a home office, guest space, or quiet retreat.The lower level adds exceptional value with a self-contained bachelor style suite, complete with a separate side entrance, eat-in kitchen, gas fireplace, laminate flooring, a three-piece bathroom, double closets, and a spacious laundry area. With ample space, there is excellent potential to easily add a bedroom, creating a more traditional apartment setup.Step outside to enjoy a large patio and a private, beautifully maintained backyard made even more impressive by the depth of the lot, an ideal space for relaxing or hosting. The property also features a detached one car garage, a garden shed, and parking for up to six vehicles, offering both convenience and flexibility. The versatile layout also provided potential for a second driveway enhancing future parking. Located in a well-established, family-friendly community close to schools, parks, shopping, and all amenities, this is a fantastic opportunity to own a home that offers both lifestyle and income potential.
Estimate your monthly payments for this property
Estimated Payment
$3,590.85/mo
Includes CMHC insurance ($19,527)
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.
487 Cunningham Avenue, 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
Fair Market Value
At $1000/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.
Negotiation Opportunity
At 85 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.
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.
Efficient Living
At 700 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 $2,916 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.