$788,000
$7,000388 Wolfe Street, Oshawa, ON L1H 3V1
Lakeview, Oshawa,
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Legal two-unit raised bungalow - ideal for investment or multi-generational living! The beautifully maintained raised bungalow offers a legal two-unit designation, providing fantastic flexibility for investor or homeowners looking to generate rental income. Live in one unit and rent out to other to help offset your mortgage legally or use both as a full investment property! The home features 3+1 bedrooms with the option to convert the basement family room into a two-bedroom unit for increased rental potential. The primary bedroom offers a walkout to the backyard and the layout includes 2 bathrooms, 2 living rooms, 2 kitchens, 1 family. The shared laundry room is conveniently open to the family room which could be converted into another bedroom for the upper unit or incorporated into the basement apartment to create a larger two-bedroom unit. The property boasts a spacious driveway accommodating 6-8 vehicles, a large backyard perfect for family enjoyment and a generous size shed with upper loft - ideal for storage or workspace. Located close to schools, parks, essential amenities and minutes from the 401, 412 & 418, this home is in a prime location for tenants and homeowners alike. Income potential: upper unit $2,400-$2,500 plus a percentage of utilities, lower unit (1 bedroom): $1,600-$1,700 plus a percentage of utilities, lower unit (converted to 2 bedrooms) could yield $1,850-$1,950 plus a percentage of utilities. Don't miss this fantastic opportunity! OFFERS ARE WELCOME ANYTIME. Great Investment at a potential 5.5% Cap Rate
- HoldoverDays: 90
- Architectural Style: Bungalow-Raised
- Property Type: Residential Freehold
- Property Sub Type: Detached
- DirectionFaces: North
- Directions: Ritson Rd & 401 - Ritson Rd & Bloor St East
- Tax Year: 2024
- Parking Features: Private, Private Double
- ParkingSpaces: 7
- Parking Total: 7
- WashroomsType1: 1
- WashroomsType1Level: Main
- WashroomsType2: 1
- WashroomsType2Level: Basement
- BedroomsAboveGrade: 3
- BedroomsBelowGrade: 2
- Interior Features: Central Vacuum, In-Law Suite, Primary Bedroom - Main Floor
- Basement: Apartment, Separate Entrance
- Cooling: Central Air
- HeatSource: Gas
- HeatType: Forced Air
- LaundryLevel: Lower Level
- ConstructionMaterials: Brick, Vinyl Siding
- Roof: Asphalt Shingle
- Sewer: Sewer
- Foundation Details: Unknown
- Parcel Number: 164130195
- LotSizeUnits: Feet
- LotDepth: 140.72
- LotWidth: 50.05
- PropertyFeatures: Fenced Yard, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School
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