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Investment signal

$1,089,000

293 OLIVE AVENUE

Beds

6

Baths

4.1

Sqft

Year

About this home

Welcome to 293 Olive Avenue, a well-maintained legal triplex located in Oshawa's high-demand Central community. This property is perfect for investors or house-hackers looking for positive cash flow and strong long-term appreciation potential. Key Features Three Separate Units 2-bedroom suites to attract quality tenants Separate Entrances & Utilities - Privacy and convenience for each tenant Updated Interiors - Bright kitchens, modern flooring, and neutral finishes On-site Parking - Enough for multiple vehicles Turnkey Investment - Tenanted, and one unit is vacant. Income Potential With Oshawa's rental demand at an all-time high, this property offers strong monthly rental income and room to grow. Whether you choose to live in one unit and rent the others, or rentall three for maximum return, this is a cash-flowing asset from day one Location Highlights Central Oshawa - Close to downtown, shopping, restaurants, and parks Steps to transit, quick access to 401 for commuters Near Ontario Tech University, Durham College, and major employers - consistent rental demand Walking distance to schools and community amenities Why Invest Here?Oshawa is one of the fastest-growing cities in Durham Region, attracting students, youngprofessionals, and families. Properties like this are in short supply, making this an idealopportunity to secure a high-yield multi-unit investment with potential for long-termappreciation. Perfect For: Investors seeking stable monthly cash flow First-time buyers looking to offset mortgage costs with rental income Extended families wanting separate spaces under one roof (id:65958)

Subtype
Multi-family
MLS#
E12845276
Area
OSHAWA_(CENTRAL)
Negative cash flow ~$2,108/mo at these assumptions

Cash on cash

-11.61%

Cap rate

3.57%

GRM

16.7

Break-even rent

$7,669

Financing

Down payment$217,800
Loan amount$871,200
Mortgage$5,345/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$499
Insurance$80
Maintenance$908
CapEx reserve$454
Vacancy loss$273

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.

Mortgage estimate

Estimated $5,345/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 15, 2026.

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