$749,000 - 651 Olive Avenue, Oshawa
Detached for Sale in Oshawa
41 days on marketNeighbourhood: Donevan
- MLS Number
- E13559206
- Property Type
- Detached
- Status
- active
- Days on Site
- 41
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Oshawa
- Listing Brokerage
- HOMELIFE FRONTIER REALTY INC.
Fantastic Opportunity! Well-maintained DETACHED home situated on a SPACIOUS CORNER LOT, featuring a LEGAL DUPLEX in a desirable neighbourhood. The bright and beautifully renovated main level with inviting living space offers 3 bedrooms with brand-new flooring and fresh paint, and an updated eat-in kitchen with modern countertops and new stainless steel appliances. The fully renovated lower-level suite, with a separate side entrance, features 2 bedrooms, an open-concept kitchen and living area, making it ideal for extended family or rental income. Enjoy a fully fenced backyard and ample parking. A perfect opportunity for homeowners looking to offset their mortgage with rental income or investors seeking a turnkey income property. Updates include: Central A/C (2025), Roof (2018), Furnace (2014), and owned hot water tank(2023).
Estimate your monthly payments for this property
Estimated Payment
$3,842.76/mo
Includes CMHC insurance ($20,897)
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 Donevan
Donevan 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 Donevan
- •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
Donevan 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.
651 Olive Avenue, Oshawa
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Rental income estimator & ROI calculator
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
Fair Market Value
At $1070/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.
Market Position
At 41 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.
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.
About Donevan
I know Donevan 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.