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116 SUMMER STREET, Oshawa (Central) — listed at $728,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Welcome to 116 Summer St! $$$ Updated Investment Opportunity In Central Oshawa with ALL UNITS VACANT! This Legal Duplex With An Additional Non-Conforming Basement Unit Offers 7 Bedrooms, 3 Kitchens & 3 Full Bathrooms, With Combined Rental Potential Of $6,000+/Month*! Situated On A Quiet Dead-End Street Leading To A Park, This Versatile Property Features A Premium Deep Lot & Flexible Living Arrangements-Ideal For Investors, Multi-Generational Families Or Buyers Looking To Live In One Unit & Generate Rental Income From The Others. Unit 1 Features 2 Main-Floor Bedrooms, A Separate Entrance, Private Laundry, A Kitchen, A Full Bathroom, Comfortable Living Space & Abundant Storage. Unit 2 Spans The Main & Upper Floors, Offering 3 Bedrooms, A Separate Backyard Entrance, A Walkout To A Deck, A Kitchen & A Full Bathroom. The Basement Unit Features Its Own Separate Entrance, 2 Bedrooms, A Kitchen & A Full Bathroom, With Laundry Shared With Unit 2. Extensive Updates Add To The Appeal Of This Income-Generating Opportunity In An Established Neighbourhood. Conveniently Located Close To Schools, Shopping, Transit & Parks. A Fantastic Opportunity To Set Your Own Rental Rates & Build Your Investment Portfolio Or Offset Your Mortgage With Rental Income! *Projected Rental Income To Be Verified By Buyer*. Do Not Miss This One!! (id:60164)
Could this work as an investment property?+
The basement description mentions: Apartment in basement, Separate entrance, 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 (Central) before counting on it.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $5,765.75, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
What's the parking situation?+
This property includes 4 spaces — No Garage.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Does it have a basement, and is it finished?+
The listing describes the basement as: Apartment in basement, Separate entrance, N/A, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
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