481 Emerald Avenue, Oshawa

Price: $649,000

4 bedrooms, 2 bathrooms

700 sq ft

Property Type: Single Family Home

MLS#: E12760434

Charming 3-Bedroom Brick Bungalow with In-Law Suite. This beautifully updated brick bungalow showcases modern renovations and quality finishes throughout, including a new roof completed in 2024. The spacious main level offers a bright, open-concept living and dining area, a functional galley kitchen, a full bath, and three well-appointed bedrooms. The upstairs bathroom has been recently renovated. The fully finished lower level features large windows, an open-concept layout, and a complete in-law suite with a full kitchen equipped with stainless steel appliances, a generous living area with fireplace, and a bedroom with a pocket door and walk-in closet. Each unit enjoys a separate side entrance, with shared laundry located in a common basement area. Outside, enjoy a spacious, private, fully fenced backyard. The front bay window on the main level overlooks an open field and Lake Vista Park. Seller Does Not Warrant Retrofit Status of the basement.

481 Emerald Avenue, Oshawa - Image 1
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$649,000 - 481 Emerald Avenue, Oshawa

Single Family Home for Sale in Oshawa

4Beds
2Baths
700Sq Ft
Single Family Home
Property Details
MLS Number
E12760434
Property Type
Single Family Home
Status
active
Days on Market
1
Bedrooms
4
Bathrooms
2
Square Feet
700 sqft
City
Oshawa
Description

Charming 3-Bedroom Brick Bungalow with In-Law Suite. This beautifully updated brick bungalow showcases modern renovations and quality finishes throughout, including a new roof completed in 2024. The spacious main level offers a bright, open-concept living and dining area, a functional galley kitchen, a full bath, and three well-appointed bedrooms. The upstairs bathroom has been recently renovated. The fully finished lower level features large windows, an open-concept layout, and a complete in-law suite with a full kitchen equipped with stainless steel appliances, a generous living area with fireplace, and a bedroom with a pocket door and walk-in closet. Each unit enjoys a separate side entrance, with shared laundry located in a common basement area. Outside, enjoy a spacious, private, fully fenced backyard. The front bay window on the main level overlooks an open field and Lake Vista Park. Seller Does Not Warrant Retrofit Status of the basement.

Neighbourhood Guide: Oshawa

Discover Oshawa

Oshawa 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 Oshawa

  • 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

Oshawa 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

481 Emerald Avenue, Oshawa

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
4.8%
Good

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$460
Insurance (est.)-$135
Net Cash Flow+$2,605

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

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Fair Market Value

At $927/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Oshawa's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Oshawa. Good resale value as demand remains consistent.

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 $2,704 (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.

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