$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
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
Estimated mortgage payment
$4,428 per month
- Principal and interest
- $4,428
- Property tax
- $708
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $216,475
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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