$699,900 - 118 Rossland Road, Oshawa
Multi-Family for Sale in Oshawa
35 days on marketNeighbourhood: Centennial
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- MLS Number
- E13737152
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 35
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Oshawa
- Taxes (2026)
- $5,403
- Listing Brokerage
- TANYA TIERNEY TEAM REALTY INC.
**Legal Duplex! Attention Investors & Multi-Generational Families!** Welcome to this spacious 2+2 bedroom legal duplex situated on a large corner lot in a mature North Oshawa community. Offering two self-contained units, each with its own laundry, this property is an excellent opportunity for investors, extended families, or buyers looking for added income potential. The upper unit features a bright and spacious living room with a large picture window overlooking the front yard and beautiful hardwood flooring that continues into the dining room. Garden door leads to a relaxing sunroom with peaceful views of the backyard. The generous kitchen offers a custom backsplash, large pantry, and plenty of cupboard and counter space. Two well-sized bedrooms and a 4-piece bathroom complete the upper level. The lower-level unit offers a separate side entrance, above-grade windows, a comfortable living room, eat-in kitchen, two bedrooms, and a 3-piece bathroom. Ideally located just steps from parks, schools, public transit, Lakeridge Health Oshawa, grocery stores, and big-box shopping. Recent updates include: roof (2015), furnace (2022), central air conditioning (2022), eavestroughs (2022), basement washer/dryer (2023), and driveway (2024). A fantastic opportunity to own a versatile income property in a convenient and established Oshawa neighbourhood!
Estimate your monthly payments for this property
Estimated Payment
$3,590.85/mo
Includes CMHC insurance ($19,527)
5-yr fixed avg.
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.
Discover Centennial
Centennial 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 Centennial
- •Convenient location in Oshawa
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
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
Centennial 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.
118 Rossland Road, Oshawa
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $467/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 35 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Oshawa. Good resale value as demand remains consistent.
About Centennial
I know Centennial 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.
Investment Perspective
Looking at this as an investment: Oshawa properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,916 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.