$1,229,000 - 750 Albert Street, Oshawa
Multi-Family for Sale in Oshawa
33 days on marketNeighbourhood: Lakeview
- MLS Number
- E13239206
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 33
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Oshawa
- Listing Brokerage
- SUTTON GROUP-TOWER REALTY LTD.
An Amazing Investment Opportunity Or Live-In One Unit WhIle The Other Two Are Rented To Generate Rental Income. Well-Suited For Investors Seeking Immediate Cash Flow, Or Owner-Occupants Looking To Offset Mortgage With Rental Income. This Newly Built All Brick Triplex Is A True Legal 3-Unit Apartment Building Built With The Highest Level Of Standards! Each Unit Is Equipped With Its Own Gas Meter, Hydro Meter, Electrical Panel And Tankless Water Heater, Ensuring That Current Tenants Pay Their Own Utilities. The Versatility Of This Triplex Is Unmatched. All Units Are Above Ground, And They All Have Front And Back Entrances. Each Unit Features An Overall Bright Open Concept Layout With Laundry Room And Utility Room And About 1228 Sq Ft. Main Floor Unit Features Living, Dining, & Kitchen With Open Plan Concept & Walkout To Deck. Primary Bedroom With 2 Closets, & 4 Pc Semi-Ensuite, 2nd Bedroom With Walk-In Closet. Mostly Newer Appliances, New Fencing And Landscaping. Unit Assigned Parking. Wise Investment In A City That Is Blooming. Unit 1 Leased At $2,300/Month, Unit 2 Leased At $2,200/Month, Unit 3 Leased $1,800/Month. Annual Expenses: Taxes $9,751.36, Insurance $2,470, Hydro $1,000, Water $1,781.99.
Estimate your monthly payments for this property
Estimated Payment
$5,436.28/mo
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.
Waterfront Transformation in Progress
Lakeview is an exciting neighbourhood undergoing a major transformation from its industrial roots to a vibrant waterfront community. The Lakeview Village development is creating thousands of new homes, parks, and amenities along the Lake Ontario shoreline. Early buyers are positioning themselves in what will become one of the GTA's most sought-after waterfront communities.
Why Live in Lakeview
- •Major waterfront redevelopment underway
- •New parks, trails, and community amenities planned
- •Strong investment potential
- •Lake Ontario waterfront access
- •Mix of new condos and established homes
Nearby Schools
Transit & Commuting
- •Long Branch GO Station nearby
- •Future Hurontario LRT connection
- •MiWay bus routes
- •Easy access to QEW and Gardiner Expressway
Parks & Amenities
- •Jim Tovey Lakeview Conservation Area (opening soon)
- •Lakefront Promenade Park
- •Marie Curtis Park (nearby)
- •Planned retail and restaurant district
- •Future community centre
Lifestyle & Community
Lakeview is perfect for those who want to get in on the ground floor of a major urban transformation. The area offers excellent value with the promise of significant appreciation as the Lakeview Village development completes.
750 Albert Street, 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 $351/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 33 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.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 6 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 5 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 Lakeview
I know Lakeview 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.