497 Phillip Murray Avenue, Oshawa, ON L1J 1H7
$789,000
$789,000

497 Phillip Murray Avenue

Lakeview, Oshawa, Durham $789,000

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5 Beds
2 Baths
700-1100 sqft
Attached Garage
Parking for 4
South Facing
MLS®#:
E13131180
Property Type:
Detached
Property Style:
Bungalow
Area:
Durham
Community:
Lakeview
Taxes:
$4,970 / 2025
Added:
May 14 2026
Lot Frontage:
60.06
Lot Depth:
109.4
Status:
Active
Outside:
Stucco (Plaster)
Year Built:
Basement:
Apartment
Brokerage:
CONCORD REALTY GROUP INC.
Lot :

109

60

Intersection:
Phillip Murray/Cedar St
Rooms:
Bedrooms:
5
Bathrooms:
2
Fireplace:
Utilities
Water:
Municipal
Cooling:
Central Air
Heating Type:
Forced Air
Heating Fuel:
Living Room 5.23 x 4.22m

Main Level
Kitchen 3.48 x 3.4m

Main Level
Primary Bedroom 3.61 x 3.05m

Main Level
Bedroom 2 3.25 x 2.95m

Main Level
Bedroom 3 3.28 x 2.57m

Main Level
Kitchen 2.9 x 2.64m

Basement Level
Recreation 5.59 x 4.72m

Basement Level
Bedroom 4 3.48 x 2.49m

Basement Level
Bedroom 5 2.57 x 2.51m

Basement Level
Laundry 4.42 x 3.68m

Basement Level

Listing Details

Rare 60ft frontage! Legal two-unit home as of November 2023! Large Updated/Renovated Bungalow within the highly desirable Lakeview Community! Located directly on a public transit route, and in proximity to the Oshawa GO/VIA station and Hwy 401. Walking distance to lakefront, park trails associated with the Oshawa Valleylands Conservation Area, public/catholic schools and other amenities! Recent upgrades include new roof and eavestroughs, exterior stucco and fresh sod [2025]. Newly renovated main floor with new bathroom, kitchen and flooring [2006]. Basement recently upgraded & currently rented. Tenant willing to stay. Two laundry facilities for convenience. Previously approved for severance into two 30'footer lots [January 2023 - Application lapsed]. This property offers outstanding versatility for both investors and owner-occupants. Great potential for future development or value-add. Perfect live-in/rental income opportunity with strong cash flow potential. Live in the bright, renovated main floor while generating rental income from the legal basement unit!

Ss Fridge, Ss Stove, Ss Dishwasher, Fridge, Stove, Washer, Dryer, Stackable Washer/Dryer, Existing Elfs.

Insights

  1. Legal Two-Unit Home: This property is a legal two-unit home, providing an excellent opportunity for rental income. The basement unit is currently rented, offering immediate cash flow for investors or homeowners looking to offset their mortgage costs.
  2. Prime Location: Situated in the desirable Lakeview community, the property is conveniently located near public transit, the Oshawa GO/VIA station, and major highways. Additionally, it is within walking distance to parks, schools, and the lakefront, enhancing its appeal for families and commuters alike.
  3. Future Development Potential: The property has previously been approved for severance into two 30-foot lots, indicating strong potential for future development or value-add opportunities. This versatility makes it an attractive investment for those looking to capitalize on the growing real estate market in the area.

Sale/Lease History of 497 Phillip Murray Avenue

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Neighborhood Overview

Complete neighborhood profile for 497 Phillip Murray Avenue

Lakeview home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in Lakeview

Insights for 497 Phillip Murray Avenue

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