For Sale · Multifamily

858 GRIERSON STREET, Oshawa (Centennial)

858 GRIERSON STREET, Oshawa (Centennial), ON L1G5J9

$639,900 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

84%

About this property

Registered as a Two-Unit Dwelling with the City of Oshawa and situated on a 50 by 122 foot lot in a great neighbourhood with 2 furnaces and 2 Hot Water Tanks, welcome to 858 Grierson St., Oshawa! The main floor of this brick bungalow offers charming arched doorways and a wide east facing, front window to let the morning light flood the living and dining rooms. Separately laid out at the back of the home are two inviting bedrooms just off the hall with access to the updated bathroom. The kitchen was also redone with quartz counters, a tiled backsplash, new stainless fridge and range, and a window over the sink. The 4 piece bath was rebuilt with a new tub, tiled surround, vanity, toilet, lighting and floor. The lower unit has its own side entrance and stays bright under the many above-grade windows. It holds a 22 foot living and dining area, its own kitchen, a bedroom, a second 4 piece bath finished to the same standard, and the 2 units are finished with a laundry room. Two gas furnaces, one per level, installed 2014/2015. Roof 2015. 2 hot water tanks as well, which are owned. Luxury vinyl plank runs through both levels, the paint is fresh, and the light fixtures are new throughout. A private drive runs the full length of the house offering four spaces in total. The yard behind it is fenced on three sides with mature trees along the back and a concrete patio for evenings watching the sunset at the end of a great day. Quiet centrally located street, walkable to Beau Valley Public School and North Oshawa Park, minutes to Ritson Rd N and the Costco plaza it offers, with Lakeridge Health Oshawa close by, and both the Oshawa Centre and Highway 401 a short drive south. This is the perfect home to get into the market with, living upstairs while renting out the basement, or rent out both! (id:66811)

Financial sandbox

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Estimate
Purchase price$640K
Down payment30% · $192K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$25K

Annual cash flow

$-10K

Cash-on-cash

-5.21%

DSCR

0.72

Going-in cap

3.98%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

91,914

Households

41,979

Median income

$72,000

Median age

42.2

Daytime population

153,649

5-yr growth

7.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 858 GRIERSON STREET, Oshawa (Centennial).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.