$998,000 - 548 Ormond Drive, Oshawa
Detached for Sale in Oshawa
New — Listed 3 days ago- MLS Number
- E13266582
- Property Type
- Detached
- Status
- active
- Days on Site
- 3
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Oshawa
- Listing Brokerage
- EXP REALTY
RARE 4-bedroom detached home with finished walk-up basement apartment in Oshawa's highly sought-after Samac community! Offering approximately 3,000 sq ft of finished living space, this beautifully maintained family home features a spacious and functional layout designed for today's modern family. The main level offers multiple living areas, hardwood flooring, a bright eat-in kitchen with stainless steel appliances, ample cabinetry, a breakfast area with a walkout to the backyard, and a convenient main floor laundry with a service entrance to the garage. The upper level features 4 generously sized bedrooms, including a spacious primary retreat with a 4-piece ensuite bath and his-and-hers closets. A second full bathroom serves the additional bedrooms, making this home ideal for growing families. One of the standout features of this home is the finished basement apartment with a separate walk-up entrance, second kitchen, large recreation/living area, bedroom, and full bathroom - perfect for extended family, multi-generational living, nanny suite potential, or future rental income opportunities. Step outside to a beautifully landscaped, fully fenced backyard featuring an expansive interlock stone patio, outdoor entertaining space, mature landscaping, and storage shed - ideal for summer gatherings and family enjoyment. Located in one of Oshawa's most family-friendly communities close to Sherwood Park, schools, parks, shopping, Durham College, Ontario Tech University, public transit, and Highway 407 access. A rare combination of space, flexibility, lifestyle, and long-term value in today's market.
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.
548 Ormond Drive, 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.
Just Listed - Act Strategically
This property hit the market within the last week. In Oshawa's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 5 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.