2550 Simcoe Street Unit 2516, Oshawa

Price: $519,999

3 bedrooms, 2 bathrooms

800 sqft

Property Type: Condo

MLS#: E13640380

Don't Miss Out on this Rarely Offered Lower Penthouse 3 Bedroom 2 Bath Suite. Enjoy 877 Sqft ofBright and Functional Interior Living Space. Split Bedroom Design gives flexibility for bothFamilies and Professionals Alike. Open Concept Kitchen with Quartz Countertop and StainlessSteel Appliances Throughout. 2 Large Balconies with South East Exposure. Take advantage ofPremium Building Amenities which include 24-hour Concierge, Fully Equipped Fitness Centre,Theatre Room, Party Room, Pet Spa, Business Centre, Guest Suite and Outdoor Terrace Area withBBQ's. Strategically Located just Minutes to RioCan Shopping Centre, Costco, DurhamCollege/Ontario Tech University. Quick Access to Hwy 407, 412 and 401.

2550 Simcoe Street Unit 2516 - Condo photo 1 of 19 in Oshawa, Ontario
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$519,999 - 2550 Simcoe Street Unit 2516, Oshawa

Condo for Sale in Oshawa

Neighbourhood: Windfields

3Beds
2Baths
800Sq Ft
Condo
Property Details
MLS Number
E13640380
Property Type
Condo
Status
active
Days on Site
18
Bedrooms
3
Bathrooms
2
Square Feet
800 sqft
Neighbourhood
Oshawa
Locker
Owned
Exposure
South East
Balcony
Open
Listing Brokerage
CENTURY 21 LEADING EDGE REALTY INC.
Description

Don't Miss Out on this Rarely Offered Lower Penthouse 3 Bedroom 2 Bath Suite. Enjoy 877 Sqft ofBright and Functional Interior Living Space. Split Bedroom Design gives flexibility for bothFamilies and Professionals Alike. Open Concept Kitchen with Quartz Countertop and StainlessSteel Appliances Throughout. 2 Large Balconies with South East Exposure. Take advantage ofPremium Building Amenities which include 24-hour Concierge, Fully Equipped Fitness Centre,Theatre Room, Party Room, Pet Spa, Business Centre, Guest Suite and Outdoor Terrace Area withBBQ's. Strategically Located just Minutes to RioCan Shopping Centre, Costco, DurhamCollege/Ontario Tech University. Quick Access to Hwy 407, 412 and 401.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,667.86/mo

Includes CMHC insurance ($14,508)

$
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5%10%50%

5-yr fixed avg.

Principal: $467,999Interest: $317,852
Mortgage Amount$482,507
Total Interest$317,852
Est. Property Tax$368/mo
Total Cost$800,359

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: Windfields

Discover Windfields

Windfields 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 Windfields

  • 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

Windfields 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

2550 Simcoe Street Unit 2516, Oshawa

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,600/mo
Range: $2,210 - $2,990
Cap Rate (ROI)
3.7%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,600
Maintenance Fees-$520
Property Tax (est.)-$368
Insurance (est.)-$108
Net Cash Flow+$1,604

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

Competitive Pricing

At $650/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 18 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.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Efficient Living

At 800 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 Windfields

I know Windfields 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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    MLS# E13640380 — 2550 Simcoe Street Unit 2516 | Battaglia Team