322 Fernwood Avenue, Oshawa

Price: $689,000

5 bedrooms, 3 bathrooms

1,100 - 1,499 sqft

Property Type: Semi-Detached

MLS#: E13714196

**Welcome to this Fully Renovated North Oshawa Home!** This exceptional freehold semi-detached backsplit has been completely renovated from top to bottom and offers the rare combination of **modern living, flexible multi-generational space, and excellent income potential**. Whether you are a first-time buyer looking to offset your mortgage, a growing or multi-generational family seeking separate living spaces, or an investor looking for a turn-key property, this home is ready to impress!The bright and inviting upper level features an **open-concept living area, 2 spacious bedrooms, and 2 beautifully renovated washrooms**. The brand-new kitchen showcases contemporary cabinetry, countertops and new appliances, creating a stylish and functional space for everyday living and entertaining. The fully finished lower-level suite, complete with a **separate entrance**, offers incredible flexibility with its own **brand-new kitchen, large living area, 2 bedrooms, brand-new 3-piece bathroom and separate laundry**. Ideal for extended family, guests, or potential rental income.No detail has been overlooked! The home features **brand-new flooring throughout, fresh paint, new interior fittings and fixtures, completely renovated kitchens and washrooms, and brand-new central A/C**. Both kitchens are equipped for comfortable independent living. Included are **2 washers, 2 dryers, 2 brand-new refrigerators, 1 gas stove in the upper kitchen, 1 electric stove in the lower kitchen, and 1 dishwasher**.Enjoy the outdoors in the **fully fenced backyard**, offering plenty of room for children, pets, summer gatherings and relaxation. Located in a desirable **North Oshawa neighborhood**, close to **highways, public transit, schools, shopping and everyday amenities**, this move-in-ready home offers exceptional versatility and convenience.**A rare opportunity to own a beautifully renovated home with two self-contained living spaces and tremendous flexibility! Nothing to do but move in and enjoy.

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$689,000 - 322 Fernwood Avenue, Oshawa

Semi-Detached for Sale in Oshawa

42 days on market

Neighbourhood: O'Neill

5Beds
3Baths
1,100 - 1,499Sq Ft
Semi-Detached

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Property Details
MLS Number
E13714196
Property Type
Semi-Detached
Status
active
Days on Site
42
Bedrooms
5
Bathrooms
3
Square Feet
1,100 - 1,499 sqft
Neighbourhood
Oshawa
Taxes (2025)
$4,421
Listing Brokerage
CITYSCAPE REAL ESTATE LTD.
Description

**Welcome to this Fully Renovated North Oshawa Home!** This exceptional freehold semi-detached backsplit has been completely renovated from top to bottom and offers the rare combination of **modern living, flexible multi-generational space, and excellent income potential**. Whether you are a first-time buyer looking to offset your mortgage, a growing or multi-generational family seeking separate living spaces, or an investor looking for a turn-key property, this home is ready to impress!The bright and inviting upper level features an **open-concept living area, 2 spacious bedrooms, and 2 beautifully renovated washrooms**. The brand-new kitchen showcases contemporary cabinetry, countertops and new appliances, creating a stylish and functional space for everyday living and entertaining. The fully finished lower-level suite, complete with a **separate entrance**, offers incredible flexibility with its own **brand-new kitchen, large living area, 2 bedrooms, brand-new 3-piece bathroom and separate laundry**. Ideal for extended family, guests, or potential rental income.No detail has been overlooked! The home features **brand-new flooring throughout, fresh paint, new interior fittings and fixtures, completely renovated kitchens and washrooms, and brand-new central A/C**. Both kitchens are equipped for comfortable independent living. Included are **2 washers, 2 dryers, 2 brand-new refrigerators, 1 gas stove in the upper kitchen, 1 electric stove in the lower kitchen, and 1 dishwasher**.Enjoy the outdoors in the **fully fenced backyard**, offering plenty of room for children, pets, summer gatherings and relaxation. Located in a desirable **North Oshawa neighborhood**, close to **highways, public transit, schools, shopping and everyday amenities**, this move-in-ready home offers exceptional versatility and convenience.**A rare opportunity to own a beautifully renovated home with two self-contained living spaces and tremendous flexibility! Nothing to do but move in and enjoy.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,534.93/mo

Includes CMHC insurance ($19,223)

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5%10%50%

5-yr fixed avg.

Principal: $620,100Interest: $421,155
Mortgage Amount$639,323
Total Interest$421,155
Est. Property Tax$488/mo
Total Cost$1,060,478

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: O'Neill

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

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

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.

70
Walk Score
Varies
Price Range

322 Fernwood Avenue, Oshawa

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,600/mo
Range: $3,060 - $4,140
Cap Rate (ROI)
5.2%
Good

Monthly Cash Flow Breakdown

Rental Income+$3,600
Maintenance Fees-$0
Property Tax (est.)-$488
Insurance (est.)-$144
Net Cash Flow+$2,968

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 $626/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 42 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.

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.

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 3 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.

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    322 Fernwood Avenue, Oshawa | $689,000 | Battaglia Team