$399,900 - 505 Annapolis Avenue, Oshawa
Detached for Sale in Oshawa
New — Listed 2 days agoNeighbourhood: McLaughlin
- MLS Number
- E13599698
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Oshawa
- Listing Brokerage
- Re/Max Impact Realty
*** A fantastic opportunity with endless potential *** Located in a desirable north-west Oshawa neighbourhood, this detached 2+1 bedroom brick bungalow sits on a generous 80' x 102' lot in a southern exposure. There is also a detached 1.5 car vinyl sided garage that was built in 2012 with a drywalled interior and concrete floor plus there's lots of parking in the paved drive. Inside the home, you'll find an eat-in kitchen that is open to the front living room with hardwood floor and corner windows that provide lots of natural light. The main level includes 2 bedrooms and a 4-piece bathroom. A separate side entrance leads to the partially finished lower level, which offers additional living space. Here, you'll find a rec room and third bedroom with above-grade windows, dropped ceiling and laminate flooring. The basement also includes an unfinished laundry area with sink, a separate furnace, storage area and cold cellar. While the property requires some work, it has a functional layout and great location, within walking distance to major retailers, schools and grocery stores, as well as local transit, parks, and everyday amenities. There is an owned hot water tank, breaker panel, and the shingles are approximately 3-4 years old plus the basement was waterproofed in 2014, ensuring peace of mind for future renovations. 505 Annapolis Avenue is being sold "as is/where is" by a Power of Attorney for the Seller. This property is ideal for any first-time buyer, renovator or investor!
Estimate your monthly payments for this property
Estimated Payment
$2,051.69/mo
Includes CMHC insurance ($11,157)
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 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.
505 Annapolis Avenue, 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 $571/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.
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.
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.
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 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.