1398 Simcoe Street S Oshawa (Lakeview), Ontario L1H 4M4
$749,000
Legal 2+1 dwelling located in a desirable south Oshawa neighborhood, just minutes from the lakefront, parks, trails, and transit. Zoned R6, this fully tenanted property offers strong cash flow with excellent tenants already in place.Upper Unit: $1,400/monthMain Unit: $1,602/monthLower Unit: $1,950/monthEach unit features separate entrances, updated finishes, and functional layouts ideal for long-term tenancies. Ample 5 car parking and a spacious lot provide added convenience and future potential under R6 zoning.Perfect for investors seeking a turnkey property with steady income and growth potential in a thriving area of Oshawa .Close to lakefront, amenities, GO Transit, Hwy 401Excellent investment with consistent cash flow @ 6% Cap Rate (id:49187)
Property Details
| MLS® Number | E12518126 |
| Property Type | Multi-family |
| Neigbourhood | Farewell |
| Community Name | Lakeview |
| Parking Space Total | 5 |
Building
| Bathroom Total | 1 |
| Bedrooms Total | 5 |
| Appliances | Dryer, Two Washers |
| Cooling Type | None |
| Heating Type | Radiant Heat |
| Size Exterior | 2800 Sqft |
| Size Interior | 2800 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 190 Ft |
| Size Frontage | 55 Ft |
| Size Irregular | Bldg=55 X 190 Ft |
| Size Total Text | Bldg=55 X 190 Ft |
| Zoning Description | R6 |
https://www.realtor.ca/real-estate/29076364/1398-simcoe-street-s-oshawa-lakeview-lakeview
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November 06 2025 07:20:00
Durham Region Association of REALTORS®
Blue Cat Realty Inc.