1179 Simcoe Street, Oshawa

Price: $629,900

3 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Semi-Detached

MLS#: E13508454

Legal Duplex In a Highly Desirable Neighbourhood. Great Opportunity for Investors and First time buyers. Cash Flow. Currently Both Tenanted. Tenants Can stay. Walking Distance To The Beach, Lakefront, Parks & Nature Water Front Trails, Public Transit , Schools, And Shopping! Minutes To 401& 407! 24 Hours Notice Prior To Any Showing, No showing on Saturday. Buyer Agents Verify All Measurements.

1179 Simcoe Street - Semi-Detached photo 1 of 15 in Oshawa, Ontario
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active
New Listing
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$629,900 - 1179 Simcoe Street, Oshawa

Semi-Detached for Sale in Oshawa

New — Listed 6 days ago

Neighbourhood: Farewell

3Beds
2Baths
700 - 1,099Sq Ft
Semi-Detached
Property Details
MLS Number
E13508454
Property Type
Semi-Detached
Status
active
Days on Site
6
Bedrooms
3
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
Oshawa
Listing Brokerage
MASTER`S TRUST REALTY INC.
Description

Legal Duplex In a Highly Desirable Neighbourhood. Great Opportunity for Investors and First time buyers. Cash Flow. Currently Both Tenanted. Tenants Can stay. Walking Distance To The Beach, Lakefront, Parks & Nature Water Front Trails, Public Transit , Schools, And Shopping! Minutes To 401& 407! 24 Hours Notice Prior To Any Showing, No showing on Saturday. Buyer Agents Verify All Measurements.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,231.71/mo

Includes CMHC insurance ($17,574)

$
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5%10%50%

5-yr fixed avg.

Principal: $566,910Interest: $385,030
Mortgage Amount$584,484
Total Interest$385,030
Est. Property Tax$446/mo
Total Cost$969,514

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Farewell

Discover Farewell

Farewell is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Farewell

  • Convenient location in Oshawa
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Farewell offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

1179 Simcoe Street, Oshawa

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
4.2%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$446
Insurance (est.)-$131
Net Cash Flow+$2,223

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $900/sqft, this property is priced in line with current Oshawa market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.

Just Listed - Act Strategically

This property hit the market within the last week. In Oshawa's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Detached Home Advantages

Detached homes in Oshawa are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Efficient Living

At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

About Farewell

I know Farewell well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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    1179 Simcoe Street, Oshawa | $629,900 | Battaglia Team