For Lease · Multifamily

UNIT 2 - 751 PHILLIP MURRAY AVENUE, Oshawa (Lakeview)

UNIT 2 - 751 PHILLIP MURRAY AVENUE, Oshawa (Lakeview), ON L1J1J2

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

92%

About this property

INCLUDED: lawn care, snow removal, and access to a shared backyard with BBQ and picnic table. Welcome to this spacious 2-bedroom lower-level home offering comfortable, low-maintenance living with a functional open-concept layout. The kitchen, dining, and living areas flow together to create a practical space that's perfect for everyday living or entertaining. The kitchen features stainless steel appliances, including a dishwasher, along with plenty of cabinetry and counter space. Durable vinyl flooring runs throughout the home, with ceramic tile in the bathroom. One of the standout features is the 4-piece bathroom with in-floor heating, adding an extra touch of comfort year-round. Both bedrooms are generously sized, and the home offers an abundance of storage throughout. The landlord takes care of lawn maintenance and snow removal, making for truly worry-free living. You'll also enjoy access to the shared backyard complete with a BBQ and picnic table. One dedicated parking space is included. For added flexibility, the landlord is willing to rent the home fully furnished, making it an excellent option for professionals, those relocating, or anyone looking for a move-in-ready home. Responsive professional property management provides added peace of mind. Conveniently located close to parks, schools, shopping, transit, and everyday amenities, this is a fantastic opportunity to lease a well-designed home that combines comfort, convenience, and exceptional value. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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

140,831

Households

58,984

Median income

$133,000

Median age

39

Daytime population

195,460

5-yr growth

4.4%

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

Secure deal room

Confidential diligence documents for UNIT 2 - 751 PHILLIP MURRAY AVENUE, Oshawa (Lakeview).

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.