$1,599,900 - 292/278 William Street, Oshawa
Multi-Family for Sale in Oshawa
Neighbourhood: O'Neill
- MLS Number
- E13475514
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 15
- Bedrooms
- 6
- Bathrooms
- 6
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Oshawa
- Listing Brokerage
- Re/Max Impact Realty
This is an income-generating property with 6 apartments in 2 buildings. a 2-car garage on a large lot, almost a half acre. The property backs onto the development underway to the north, which is the vacant parcel that starts at Adelaide Road and Ritson Road and goes south. The two properties are being sold together at 278 and 292 William Street East. 278 William has 2 units, one up and one down, both two bedrooms. It also has a detached two-car garage in the backyard. 292 William Street East is 4 Separate apartments with a large basement that split into two rooms, one with 2 coin washers and 2 dryers. The other side has the 4 hot water tanks, the 5 hydro meters, a working laundry tub, the gas furnace, the storm sewer drain and still has lots of room for Storage. All the 4 apartments at 292 are one-bedroom apartments, 2 on the main level and 2 on the second floor. The apartments at 292 are rented:1 at $1600, 1 at $1525, 1 at $1500 and 1 at $1200. All four apartments are very similar in size and condition. More info to follow
Estimate your monthly payments for this property
Estimated Payment
$7,076.90/mo
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 O'Neill
O'Neill 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 O'Neill
- •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
O'Neill 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.
292/278 William 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 $640/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 15 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 6 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 6 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 O'Neill
I know O'Neill 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 $6,666 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.