$1,200,000
↓ $45,000 from $1,245,000
Est. payment $5,313/moCalculate yours
558 Lansdowne Drive, Oshawa, ON L1G 1W3
Eastdale, Oshawa, ON L1G 1W3
- 11 Beds
- 6 Baths
- 3,500 Sq Ft
Listing courtesy of CENTURY 21 WENDA ALLEN REALTY MLS® E13503278
About this home
Legal 6-Plex. 5.43 CAP%. Turnkey Investment in High-Demand Neighbourhood. Well-maintained, all-brick legal 6-unit building on a large 75′ x 136′ lot. Features 5 spacious 2-bedroom units and 1 one-bedroom unit, each with its own bathroom (five 4-piece and one 3-piece), private storage locker, and dedicated parking spot. Four units include private balconies.Recent updates include a new Goodyear White Membrane flat roof, some windows, flooring, appliances, paved driveway, glass sliding doors, and flooring. All units have 60-amp panels.Additional highlights: on-site coin laundry, solid terrazzo staircases (front & rear) with fire-code compliant doors/locks, and excellent access throughout. Tenants pay hydro & hot water: landlord pays heat. 7 parking spots total with room for more.This turnkey property is currently occupied by A++ long-term tenants and offers a 5.43% cap rate with strong upside potential for increased returns over time. Located in a quiet, highly desirable neighbourhood - walking distance to schools, Costco Plaza, and all amenities.
Property details
Overview
- Property Type
- Multiplex
- Style
- 2 1/2 Storey
- For
- For Sale
- Status
- Price Change
- Size
- 3,500 sqft
Interior
- Bedrooms
- 11
- Bathrooms
- 6
- Kitchens
- 6
- Basement
- Apartment, Finished, Walk-Up, Separate Entrance
Building & Systems
- Heating
- Baseboard (Electric)
- Cooling
- Window Unit(s)
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Flat
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 75 x 136.5 Feet
- Parking
- None garage · 7 total
Financial
- Property Taxes
- $12,242 (2025)
Location
- Neighbourhood
- Eastdale
- Cross Street
- Adelaide/ Wilson
- Direction Faces
- North
Listing
- MLS® Number
- E13503278
- Days on Market
- 111
- Listed On
- 2026-06-29
- Listed By
- CENTURY 21 WENDA ALLEN REALTY
Features
Interior
- None
Pool
- None
- Included
- 6 Fridges, 6 Stoves, Coin Washer & Dryer
- Rental items
- none
Mortgage calculator
Estimated mortgage payment
$5,313 per month
- Principal and interest
- $5,313
- Property tax
- $1,020
- Condo fees
- $0
- Estimated monthly cost
- $6,334
Your mortgage
- Mortgage amount
- $960,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $634,002
Cash to close
- Down payment
- $240,000
- Land transfer tax
- $20,475
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $260,475
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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