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Investment signal

$1,019,000

394 CENTRE STREET S

Beds

3

Baths

6

Sqft

Year

Location

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About this home

Rare Opportunity To Own A Solid Income Property In Central Oshawa. Registered As A Six plex, The Building Is Currently Operating With Five Fully Tenanted Units After Two Suites Were Combined, With Future Potential To Reconfigure Back To Six Units Set On A Quiet, Established Street With Quick Access To Downtown Amenities, Parks, Transit, The GO, And Hwy 401.Self-ContainedApartments Offer Practical Layouts And Good Natural Light; Common Areas Present Well. Laundry Is Located In The Basement, With Opportunity To Convert To A Coin-Operated System For Additional Income. The Rectangular Lot And Flexible Multi-Residential Zoning Support Long-Term Hold Strategies And Value-Add Plans. Stable In-Place Income With Clear Upside As Suites Turn And Rents Align With Area Averages .Estimated Cap. Rate ~6% Based On Current Income/Expenses; Financial Package, Rent Roll, And Floor Plans Available. Ideal Turnkey Addition To An Existing Portfolio Or A Smart First Multi-Family Step. 48 Hours Notice Required For Showings. Please Respect Residents. Showings By Appointment Only. (id:65958)

Subtype
Multi-family
Structure
Other
Community
Central
Lot dimensions
52.8 x 82 FT
Bedrooms
3 above grade
Parking
4 total
Stories
2.5
On market
Mar 25, 2026
Status changed
Apr 15, 2026
Annual tax
$5,076 (2025)
Zoning
R3-A/R5-B/R7-A
Photos
15
MLS#
E12920964
Area
OSHAWA_(CENTRAL)

Features and systems

Parking

No Garage

Basement

UnfinishedFull

Appliances

WasherRefrigeratorStoveDryerWater Heater

Heating

Forced airNatural gas

Cooling

Window air conditioner

Exterior

Brick

Foundation

Stone

Lot

Cul-de-sac

Community

School Bus

Utilities

SewerElectricityCable

Security

Smoke Detectors
Negative cash flow ~$1,977/mo at these assumptions

Cash on cash

-11.64%

Cap rate

3.56%

GRM

16.7

Break-even rent

$7,181

Financing

Down payment$203,800
Loan amount$815,200
Mortgage$5,001/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$467
Insurance$80
Maintenance$849
CapEx reserve$425
Vacancy loss$255

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

Mortgage estimate

Estimated $5,001/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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