$1,650/mo - 480 Elizabeth Street Unit Lower Unit, Oshawa
Detached for Rent in Oshawa
42 days on marketNeighbourhood: McLaughlin
- MLS Number
- E13556886
- Property Type
- Detached
- Status
- active
- Days on Site
- 42
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Oshawa
- Listing Brokerage
- Affluentia Realty
Prime location: legal 2-bedroom walk-out basement apartment for lease in the highly sought-after McLaughlin community of Oshawa. This bright, spacious, and well-maintained lower-level unit offers a functional open-concept layout featuring a large living and dining area, a full kitchen with ample cabinetry, two generously sized bedrooms with good closet space, and a clean 4-piece bathroom. With a private separate entrance, separate laundry, and access to a spacious backyard, this unit is ideal for working professionals, small families, or responsible tenants seeking comfort and convenience. Two parking spaces are included in the rent, conveniently located on the right side of the driveway, and blinds will be installed shortly for added privacy. Situated in a quiet, family-friendly neighbourhood on a premium lot with mature trees, you are just steps to top-rated schools including Adelaide McLaughlin P.S., R.S. McLaughlin CVI, and Monsignor Paul Dwyer, as well as parks, transit, and everyday amenities. Enjoy easy access to Highway 401, the GO Station, Oshawa Golf Club, Lakeridge Health, shopping, and dining. A perfect opportunity for tenants looking for an affordable, move-in-ready rental in a prime location with excellent commuter access and a welcoming community
Discover McLaughlin
McLaughlin 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 McLaughlin
- •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
McLaughlin 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.
480 Elizabeth Street Unit Lower Unit, Oshawa
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Rent
At $1,650/mo, this is priced below the typical 2-bedroom rent of ~$2,900/mo in Oshawa. Well-priced rentals move fast — worth acting on. That said, let's check what's driving the lower ask: landlord flexibility, lease term restrictions, or simply a motivated landlord.
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.
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 McLaughlin
I know McLaughlin 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.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.