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Investment signal

$749,900

708 CARNEGIE AVENUE

Save this home

Beds

5

Baths

2

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Oshawa (Centennial). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to this legal 2-unit (Legal Duplex) raised bungalow with a walk-out basement, nestled on a quiet street in one of Oshawa's most desirable neighbourhoods. Perfectly positioned just 120 metres from transit and minutes to Rossland Rd E and Simcoe St N, this is a rare opportunity for investors, families, and multi-generational buyers alike. The upper suite offers a bright, spacious, sun-filled living room, private laundry, direct garage access, and a newly finished oversized rear deck, ideal for summer BBQs, morning coffee, or relaxing evenings outdoors. Both units enjoy their own separate fenced backyard spaces, offering privacy and a true sense of independent living. The lower suite is equally impressive, featuring a brand-new kitchen, new flooring, new windows, private laundry, and a walk-out to the backyard, creating a bright and inviting space that feels far from a typical basement apartment. With estimated rental income of $4,500/month, this property is a standout turnkey investment opportunity, while also offering the perfect layout for mortgage support, extended family, or multi-generational living. (id:65958)

Subtype
Single Family
Architectural style
Raised bungalow
Structure
House
Community
Centennial
Common interest
Freehold
Lot dimensions
40 x 106 FT
Bedrooms
3 above grade, 2 below grade
Parking
4 total
Stories
1
On market
Apr 18, 2026
Status changed
Apr 18, 2026
Annual tax
$4,970
Zoning
R1-A
Photos
50
MLS#
E13015510
Area
OSHAWA_(CENTENNIAL)

Features and systems

Parking

Attached GarageGarage

Basement

FinishedSeparate entranceWalk outN/AN/AN/A

Appliances

AllWasherDishwasherDryerMicrowaveTwo stovesGarage door opener remote(s)Two Refrigerators

Cooling

None

Exterior

BrickStucco

Flooring

TileVinyl

Foundation

Concrete

Lot

Carpet Free

Utilities

SewerElectricity
Negative cash flow ~$838/mo at these assumptions

Cash on cash

-6.71%

Cap rate

3.52%

GRM

16.7

Break-even rent

$4,632

Financing

Down payment$149,980
Loan amount$599,920
Mortgage$3,040/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$344
Insurance$80
Maintenance$625
CapEx reserve$312
Vacancy loss$188

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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 $3,040/mo at 4.5% with 20% down, 30-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 18, 2026.

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