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Investment signal

$279,000

636 - 1900 SIMCOE STREET N

Beds

Baths

Sqft

—

Year

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Location

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About this home

Luxurious fully furnished studio suite with beautiful contemporary finishes. Perfect for first time buyers, students & turnkey investment opportunity. ***1 parking spot***. Conveniently located within walking distance to Ontario Tech University, Durham College, and a variety of amenities. This suite includes a built-in Murphy bed with a multi-use table, custom cabinets and wardrobe, stainless steel appliances, floor-to-ceiling windows, a television, an electronic adjustable stand-up workstation, and ensuite laundry. The building boasts a gym, a social lounge on every floor, study rooms, and a terrace. Enjoy an unbeatable location with easy access to The Ontario Tech University & Durham College, Costco, Shopping Plaza Highway 407, public transit, restaurants and more! (id:65958)

Subtype: Single Family
Structure: Apartment
Community: Samac
Common interest: Condo/Strata
Bedrooms: 0 above grade
Parking: 1 total
Condo/HOA fee: $361.98 monthly
On market: Apr 17, 2026
Status changed: Apr 17, 2026
Annual tax: $2,576.36
Photos: 23
MLS#: E13010096
Area: OSHAWA_(SAMAC)

Features and systems

Parking

No Garage

Basement

None

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

ConcreteBrick

Flooring

Laminate

Lot

Carpet Free

Community

Pets Allowed With Restrictions

Fee includes

Common Area MaintenanceCable TVHeatInsuranceParking

Negative cash flow ~$596/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-12.82%

Cap rate

3.33%

GRM

16.6

Break-even rent

$2,027

Financing

Down payment$55,800

Loan amount$223,200

Mortgage$1,369/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$128

Insurance$80

Maintenance$233

CapEx reserve$116

Vacancy loss$70

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 (Samac). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $1,369/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 17, 2026.