$789,900 - 195 Albert Street, Oshawa
Multi-Family for Sale in Oshawa
32 days on marketNeighbourhood: Central
- MLS Number
- E13250066
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 32
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Oshawa
- Listing Brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
This PRICED TO SELL INVESTMENT PROPERTY is conveniently located in the heart of Oshawa and a short walk from UOIT's downtown campus. This legal, 4 unit dwelling is a great opportunity for an investor to rent all four units or live in one unit and rent the others for rental income towards your mortgage. Clean, bright and spacious, the main floor unit offers a two bedroom unit with finished basement. The 2nd and 3rd units on the second level, renovated in 2020, offer bachelor suites with a great layout and the 4th unit on the third level is a bachelor unit providing an opportunity to renovate to your liking. Smoke detectors are hardwired throughout. Backyard boasts a two car garage with concrete floor, metal roof and hydro, and a parking pad offering plenty of space for four additional cars. Three units are currently tenanted and one vacant bachelor unit on second floor.
Estimate your monthly payments for this property
Estimated Payment
$4,052.60/mo
Includes CMHC insurance ($22,038)
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 Central
Central 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 Central
- •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
Central 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.
195 Albert Street, 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 $527/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 32 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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Oshawa.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Central
I know Central 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 $3,291 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.