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Listed 12 days ago

220 Mcnaughton Avenue

Central, Oshawa

$699,998

Detached|Bungalow
4 | 3 | 6
About this home

Exceptional (Live +Income) Property in Prime Oshawa Location - Walk to the Upcoming GO Station! A rare opportunity to own a versatile 2-unit main-floor home offering exceptional value, impressive income potential and an outstanding location. Situated on a premium 50-ft lot, this property offers flexibility that is increasingly difficult to find. The thoughtfully designed main level features two separate living accommodations, providing an excellent opportunity for an owner-occupier to live in one area while generating rental income from the other. Adding even more flexibility is the finished basement area with its own kitchen, bedroom + den, full bathroom and laundry facilities, offering valuable additional space for in-laws or other permitted uses. Subject to applicable municipal requirements and approvals to be received by the buyer. Extra storage space in furnace room. Detached open garage provides excellent additional parking, storage or workshop potential. The extra-wide private driveway accommodates 5 vehicles, offering exceptional convenience for homeowners, tenants and investors alike. Location is everything - Enjoy easy access to the upcoming GO station, Highway 401, shopping plazas, restaurants, schools, parks and everyday amenities. The combination of transit accessibility, a premium lot, multiple living accommodations and additional basement space makes this property particularly appealing to both homeowners and investors. Don't miss the opportunity to make this exceptional Oshawa property your next home or investment! Upgraded roof shingles in 2023; owned water heater tank; sewer backflow valve installed in 2024. No rental water heater or any equipment to waste your money.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,833
Lot Size50 ft x 137.42 ft
mls© NumberE13815082
Listed ByRE/MAX CROSSROADS REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,583
Property tax
$403
Heat allowance
$150
Housing costs
$4,136 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $140,000
25-yr amortization

Income needed

$127,000

gross annual household income

Payment at 4%
$2,946 / mo
Cash down
$140,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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