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558 LANSDOWNE DRIVE, Oshawa (Eastdale) — listed at $1,100,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Legal 6-Plex. 5.92% CAP. Turnkey Investment in High-Demand Neighbourhood. Well-maintained, all-brick legal 6-unit building on a large 75' x 136' lot. Features 5 spacious 2-bedroom units and 1 one-bedroom unit, each with its own bathroom (five 4-piece and one 3-piece), private storage locker, and dedicated parking spot. Four units include private balconies.Recent updates include a new Goodyear White Membrane flat roof, some windows, flooring, appliances, paved driveway, glass sliding doors, and flooring. All units have 60-amp panels.Additional highlights: on-site coin laundry, solid terrazzo staircases (front & rear) with fire-code compliant doors/locks, and excellent access throughout. Tenants pay hydro & hot water: landlord pays heat. 7 parking spots total with room for more.This turnkey property is currently occupied by A++ long-term tenants and offers a 5.43% cap rate with strong upside potential for increased returns over time. Located in a quiet, highly desirable neighbourhood - walking distance to schools, Costco Plaza, and all amenities. (id:60164)
How is the home heated? Is it efficient?+
Heating is baseboard heaters, electric. Electric heating can mean higher winter bills — ask for past utility statements.
What's the parking situation?+
This property includes 7 spaces — No Garage.
How is the space laid out across floors?+
This is a 2.5-storey multi-family. The 11 bedrooms and 6 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Is 558 LANSDOWNE DRIVE a good fit for a growing family?+
With 11 bedrooms and 6 bathrooms, there's room for kids plus a guest room or home office. The 2.5-storey layout keeps living and sleeping areas separated.
Could this work as an investment property?+
The basement description mentions: Finished, Apartment in basement, Separate entrance, Walk-up, N/A, N/A, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Oshawa (Eastdale) before counting on it.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $12,242, heating is baseboard heaters, electric. Always verify the latest figures with your agent before making an offer — these change yearly.
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