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Investment signal

$900,000

1086 SOMERVILLE STREET

Beds

4

Baths

2

Sqft

Year

Location

See the block, not just the house.

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About this home

Welcome to 1086 Somerville Street! This beautifully renovated home offers exceptional flexibility and space. The main residence features a spacious one-bedroom layout with an oversized living area, ideal for both comfortable everyday living and entertaining. Large windows throughout fill the home with natural light, creating a bright, warm, and inviting atmosphere.In addition to the main living space, the property has been thoughtfully updated to include a separate two-bedroom, one-bathroom unit. This suite boasts a generous living area, a well-sized kitchen, and a convenient walk-out to the backyard - making it perfect for extended family, guests, or potential rental income. For buyers seeking a single larger home, the layout can easily be converted back to one expansive residence. The lower level offers even more versatility, featuring a large laundry room, dedicated office space, recreation area, and an additional bedroom - providing plenty of room to grow and customize. With ample outdoor space and incredible flexibility, this property is an outstanding opportunity for both homeowners and investors. Enjoy the privacy of a secluded setting while remaining close to amenities and conveniences. As an added bonus, the buyer has the option to purchase the additional rear lot (125 ft x 114 ft) for $300,000. Don't miss this rare opportunity to own a truly unique property with endless potential! (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Community
Centennial
Common interest
Freehold
Lot dimensions
62.1 x 299.3 FT
Bedrooms
3 above grade, 1 below grade
Parking
11 total
Stories
1
On market
Mar 18, 2026
Status changed
Apr 13, 2026
Annual tax
$7,652.86
Photos
23
MLS#
E12895612
Area
OSHAWA_(CENTENNIAL)

Features and systems

Parking

Attached GarageGarage

Basement

Full

Appliances

WasherRefrigeratorDishwasherStoveDryerWindow Coverings

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Vinyl siding

Flooring

Hardwood

Foundation

Block

Lot

Carpet Free
Negative cash flow ~$1,760/mo at these assumptions

Cash on cash

-11.73%

Cap rate

3.54%

GRM

16.7

Break-even rent

$6,352

Financing

Down payment$180,000
Loan amount$720,000
Mortgage$4,417/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$413
Insurance$80
Maintenance$750
CapEx reserve$375
Vacancy loss$225

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Oshawa (Centennial). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $4,417/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.

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