394 Centre Street S, Oshawa, ON L1H 4B9
$999,900
$999,900

394 Centre Street S

Central, Oshawa, Durham $999,900

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3 Beds
6 Baths
2000-2500 sqft
Parking for 4
South Facing
Zoning: R3-A/R5-B/R7-A
MLS®#:
E12920964
Property Type:
Multiplex
Property Style:
2 1/2 Storey
Area:
Durham
Community:
Central
Taxes:
$5,076 / 2025
Added:
March 25 2026
Lot Frontage:
52.75
Lot Depth:
82
Status:
Active
Outside:
Brick
Year Built:
Basement:
Full,Unfinished
Brokerage:
Royal Heritage Realty Ltd.
Lot :

82

52

Intersection:
Simcoe St S and Avenue St
Rooms:
Bedrooms:
3
Bathrooms:
6
Fireplace:
Utilities
Water:
Municipal
Cooling:
Window Unit(s)
Heating Type:
Forced Air
Heating Fuel:
Bedroom 6 x 7m

Second Level

Listing Details

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.

5 Fridges, 5 Stoves, 1 Washer, 1 Dryer

Insights

  1. Income Potential: This property is currently operating as a sixplex with five fully tenanted units, providing stable in-place income. There is potential to reconfigure back to six units, offering an opportunity for increased revenue.
  2. Strong Cap Rate: With an estimated cap rate of approximately 6% based on current income and expenses, this property presents a solid investment opportunity for buyers looking for a reliable return.
  3. Prime Location: Situated in Central Oshawa with quick access to downtown amenities, parks, transit, and Hwy 401, this property benefits from a desirable location that enhances its investment appeal.

Property Features

Cul de Sac/Dead End
Public Transit
School Bus Route

Sale/Lease History of 394 Centre Street S

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Neighborhood Overview

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Central home prices

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Insights for 394 Centre Street S

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* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)