$870,000
380 PHILLIP MURRAY AVENUE
Beds
7
Baths
3
Sqft
—
Year
—
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
Strategic income property in one of South Oshawa's most underrated lake-adjacent pockets. Legally registered as 2 units with an additional self-contained basement unit, this solid 2-storey brick property offers three fully separated units - each occupying its own level for privacy and strong rental appeal. The layout includes two 2-bedroom units and one spacious 3-bedroom unit. All units have separate electrical panels with electric baseboard heat. Shared laundry is located in the basement. Most recent rents totalled $5,450/month with tenants paying their own utilities. Unit 2 is currently vacant - creating immediate flexibility. Set new market rent as an investor, or live in the vacant unit and offset your mortgage with approximately $3,250/month from the other two units. What truly sets this property apart is its location. Just minutes to Lakeview Park and the Lake Ontario shoreline, you get the lifestyle benefits of waterfront living - morning walks along the trail, cooling summer lake breezes, and a peaceful, established-community feel - without paying waterfront taxes. This pocket offers a rare balance: residential charm with exceptional commuter convenience. Minutes to Highway 401, close to Oshawa GO Station, near major industrial employers, shopping, parks, and transit. Rental demand here remains steady due to lake proximity and commuter access, and properties this close to the shoreline are limited - supporting long-term value and stability. Whether you're expanding your portfolio or house hacking your way into ownership, this property offers cash flow today and smart positioning for tomorrow. Note: Unit 1 photos are from a prior listing. Unit 2 photos are virtually staged. (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- Lakeview
- Common interest
- Freehold
- Lot dimensions
- 58.9 x 126.3 FT ; Lot S58.92 x W147.65 x N55.05 x E126.28
- Bedrooms
- 5 above grade, 2 below grade
- Parking
- 4 total
- Stories
- 2
- On market
- Apr 14, 2026
- Status changed
- Apr 14, 2026
- Annual tax
- $5,366.15
- Photos
- 39
- MLS#
- E12997410
- Area
- OSHAWA_(LAKEVIEW)
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Flooring
Foundation
Lot
Cash on cash
-11.75%
Cap rate
3.54%
GRM
16.7
Break-even rent
$6,143
Financing
Operating expenses (monthly)
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 (Lakeview). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.