Gurvinder Nokwal REALTOR®
For Sale Triplex 27 days on market

$999,999

Est. payment $4,428/moCalculate yours

489 DREW Street, Oshawa, ON L1H 5B8

Central, Oshawa, ON L1H 5B8

  • 9 Beds
  • 6 Baths
  • 2,500 Sq Ft
Map

Listing courtesy of HOMELIFE LANDMARK REALTY INC. MLS® E13808554

About this home

Exceptional Investment Opportunity in the Heart of Oshawa! This spacious purpose-built-style triplex offers outstanding income potential with 3 self-contained units, each featuring its own private entrance, separate hydro meter, individual furnace, private laundry, modern kitchen, 3 bedrooms and 2 bathrooms - providing a total of 9 bedrooms and 6 bathrooms.Designed with functionality and natural light in mind, the property features large windows throughout. The second-floor unit offers an oversized private balcony with an open view, while the main-floor unit features a beautiful deck overlooking the backyard. The lower-level unit boasts large windows, creating a bright and inviting living space with abundant natural light.Ideally located close to transit, shopping, schools, restaurants, parks and everyday amenities. The property currently generates strong rental potential, with individual rooms being rented primarily to students.Beyond its existing income-producing use, the property may also offer long-term redevelopment and land assembly potential, making it attractive to investors, developers and buyers looking for both immediate income and future upside. Future development is subject to municipal planning, zoning and approval requirements.A rare opportunity to acquire a highly functional multi-unit property with strong income potential and future redevelopment possibilities in a growing Oshawa neighbourho

Property details

Overview

Property Type
Triplex
Style
2-Storey
For
For Sale
Status
New
Approximate Age
0-5
Size
2,500 sqft

Interior

Bedrooms
9
Bathrooms
6
Kitchens
3
Basement
Apartment, Walk-Up, Separate Entrance, Finished

Building & Systems

Heating
Forced Air (Gas)
Cooling
Central Air
Exterior
Other
Foundation
Insulated Concrete Form
Roof
Flat
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
37.51 x 103.12 Feet
Parking
None garage · 3 total

Financial

Property Taxes
$8,500 (2026)

Location

Neighbourhood
Central
Cross Street
Olive Ave/Ritson Rd S
Direction Faces
East

Listing

MLS® Number
E13808554
Days on Market
27
Listed On
2026-09-21
Possession
TBA
Listed By
HOMELIFE LANDMARK REALTY INC.

Features

Interior

  • Carpet Free

Pool

  • None
Included
3 FRIDGES, 3 FREEZERS, 3 MICROWAVES, 3 SET OF LAUNDRY, 3 STOVE, ALL WINDOW COVERNGS
Excluded
THE SELLER IS WILLING TO SELL THE FURNITURES.
Rental items
HOT WATER TANKS EACH $42+APPLICABLE HST

Mortgage calculator

Minimum for this price: $75,000 (7.5%)

Amortization, years

Estimated mortgage payment

$4,428 per month

Principal and interest
$4,428
Property tax
$708
Estimated monthly cost
$5,136

Your mortgage

Mortgage amount
$799,999
Mortgage insurance
Not needed
Interest over 25 years
$528,334

Cash to close

Down payment
$200,000
Land transfer tax
$16,475
Total, before legal fees
$216,475
Talk to me about financing

Estimates 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

489 DREW Street, Oshawa, ON L1H 5B8 Central, Oshawa, ON L1H 5B8
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$999,999 489 DREW Street, Oshawa, ON L1H 5B8
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