388 Wolfe ST Active Save Request In-Person Tour Request Virtual Tour
Oshawa,ON L1H 3V1
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision Lakeview
MLS Listing ID E12052816
Style Bungalow-Raised
Bedrooms 5
Annual Tax Amount $4,023
Tax Year 2024
Property Sub-Type Detached
Property Description
Legal two-unit raised bungalow - ideal for investment or multi-generational living! 7 car Driveway, no sidewalk. 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, great investment or great mortgage financial help.
Location
State ON
County Durham
Community Lakeview
Area Durham
Rooms
Family Room No
Basement Apartment,Separate Entrance
Kitchen 2
Separate Den/Office 2
Interior
Interior Features Central Vacuum,In-Law Suite,Primary Bedroom - Main Floor
Cooling Central Air
Inclusions Furnace & equipment, all electrical light fixtures, stainless steel fridge, stainless steel dishwasher, stainless steel stove, stainless steel built-in microwave. In Basement: (washer and dryer, white fridge, white stove) ......... ((Central air conditioning (as is) ))
Exterior
Parking Features Private,Private Double
Pool None
Roof Type Asphalt Shingle
Lot Frontage 50.05
Lot Depth 140.72
Total Parking Spaces 7
Building
Foundation Unknown
Others
Senior Community No
Virtual Tour https://video214.com/play/SY5kl48ZLvUBHwz9fady0g/s/dark