$580,000 - 220 Thomas Street, Oshawa
Detached for Sale in Oshawa
Popular ListingNeighbourhood: Lakeview
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- MLS Number
- E13839726
- Property Type
- Detached
- Status
- active
- Days on Site
- 8
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Oshawa
- Taxes (2025)
- $4,330
- Listing Brokerage
- Keller Williams Energy Real Estate
A charming one storey bungalow sits on a rare, with potential severance oversized lot in Oshawa's established Lakeview neighbourhood.. This two bedroom, one bathroom home gives buyers a wonderful opportunity to add their own updates and build instant equity. The land is the real story here. This generous 86.96 by 213 foot lot backs onto the tranquil Oshawa Valleylands, where mature trees frame a private, peaceful setting you rarely find this close to the city. A detached garage and a private driveway with parking for four vehicles add everyday convenience, and the oversized, irregular lot carries genuine severance potential for investors and builders. Inside, the home needs work, making it an ideal project for renovators and contractors looking for solid bones in a sought after pocket of Oshawa. The location delivers real lifestyle value. Families sit close to Dr CF Cannon Public School and GL Roberts CVI, while Lake Vista Park and Fenelon Venus Park are each just nine minutes away. A transit stop waits three minutes on foot, and Lakeridge Health Oshawa sits minutes away for peace of mind. Lots like this rarely last long on the market.
Estimate your monthly payments for this property
Estimated Payment
$2,975.70/mo
Includes CMHC insurance ($16,182)
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.
Waterfront Transformation in Progress
Lakeview is an exciting neighbourhood undergoing a major transformation from its industrial roots to a vibrant waterfront community. The Lakeview Village development is creating thousands of new homes, parks, and amenities along the Lake Ontario shoreline. Early buyers are positioning themselves in what will become one of the GTA's most sought-after waterfront communities.
Why Live in Lakeview
- •Major waterfront redevelopment underway
- •New parks, trails, and community amenities planned
- •Strong investment potential
- •Lake Ontario waterfront access
- •Mix of new condos and established homes
Nearby Schools
Transit & Commuting
- •Long Branch GO Station nearby
- •Future Hurontario LRT connection
- •MiWay bus routes
- •Easy access to QEW and Gardiner Expressway
Parks & Amenities
- •Jim Tovey Lakeview Conservation Area (opening soon)
- •Lakefront Promenade Park
- •Marie Curtis Park (nearby)
- •Planned retail and restaurant district
- •Future community centre
Lifestyle & Community
Lakeview is perfect for those who want to get in on the ground floor of a major urban transformation. The area offers excellent value with the promise of significant appreciation as the Lakeview Village development completes.
220 Thomas 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
Fair Market Value
At $829/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.
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.
About Lakeview
I know Lakeview 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 $2,417 (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.