No photos available
Investment signal

$725,000

361 DWIGHT AVENUE

Beds

5

Baths

2

Sqft

Year

About this home

Purpose-Built Turnkey Legal Duplex In The Heart Of South Oshawa! This Beautifully Maintained Raised Bungalow Offers Two Fully Self-Contained Suites, Perfect For Investors Or End Users Looking To Offset Their Mortgage. The Upper Level Showcases A Bright And Spacious Layout With Three Generous Bedrooms, A Modern Full Bathroom, Large Sun-Filled Windows, And A Functional Eat-In Kitchen Ideal For Everyday Living. The Lower Suite Features Two Comfortable Bdrms, A Full Bathrm, A Separate Kit, And Oversized Above-Grade Windows Creating A Warm And Inviting Space For Tenants Or Ext Family. Extensively Updated Throughout The Years, This Property Inclds Improvements To Windows, Electrical Systems, Lighting, Flooring, Trim, And Laundry Facilities With Private Washers And Dryers. Each Unit Is Separately Metered For Hyd & Gas, Providing Convenience And Flexibility For Ownership. The Upper Unit Benefits From Forced Air Gas Heating With Central AC, While The Lower Unit Is Equipped With Efficient Baseboard Heating(Can Be Converted To Gas Forced Air) Situated On A Generous Lot Backing Onto A Peaceful Park Setting, This Property Offers Privacy And A Rare Connection To Green Space. Located In Desirable South Oshawa, You Are Just Steps To Schools, Community Amenities, Transit, And The Lakefront, With Quick Access To Shopping, Recreation, And The Beach. With Ample Parking And Strong Income Potential, This Is A Prime Opportunity To Own A Versatile And Income-Generating Property In A Growing Community. Current AAA Bsmt Tenant On Month-To-Month Looking To Stay. Pays $1471/Mth Plus Hydro. Main Floor Vacant Potential $2,600/Mth. Taxes $420/Mth Ins $200/Mth Water $175/Mth. POSITIVE CASH FLOW With 20% Down Payment. (id:65958)

Subtype
Multi-family
Architectural style
Bungalow
MLS#
E12965416
Area
OSHAWA_(LAKEVIEW)
Negative cash flow ~$1,433/mo at these assumptions

Cash on cash

-11.86%

Cap rate

3.52%

GRM

16.7

Break-even rent

$5,133

Financing

Down payment$145,000
Loan amount$580,000
Mortgage$3,558/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$332
Insurance$80
Maintenance$604
CapEx reserve$302
Vacancy loss$181

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 $3,558/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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