394 Centre Street
Oshawa, ON
- 3 bed
- 6 bath
- approx. 2000-2500 sqft
- Multiplex
- 78 days on market
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.
Listing Details
- Taxes (2025)
- $5,076
- Listed
- June 26, 2026
Price History
Listing history
Sign in to view
Property
- Style
- 2 1/2 Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- Storage, Water Heater Owned
- Lot Size
- 52.75 x 82 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Simcoe St S and Avenue St
- Zoning
- R3-A/R5-B/R7-A
- Parcel Number
- 163660257
- Possession
- 60-89 days
- Occupancy
- Tenant
Included
- Inclusions
- 5 Fridges, 5 Stoves, 1 Washer, 1 Dryer
- Exclusions
- Tenants Personal Items
- Rental Items
- None
Schools
Elementary
- Village Union Public School0.4 km
Public · Durham DSB · 625 students
Grade 3 reading: 52% met the provincial standard · Grade 6 math: 20% met the provincial standard
- ÉÉC Corpus-Christi0.9 km
French Catholic · CS catholique MonAvenir · 305 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 62% met the provincial standard
- St Thomas Aquinas Catholic School0.9 km
Catholic · Durham CDSB · 430 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 45% met the provincial standard
Secondary
- Durham Alternative Secondary School1.5 km
Public · Durham DSB · 485 students
- Monsignor John Pereyma Catholic Secondary School1.6 km
Catholic · Durham CDSB · 435 students
Grade 10 literacy: 87% met the provincial standard
- O'Neill Collegiate and Vocational Institute2.2 km
Public · Durham DSB · 1410 students
Grade 10 literacy: 84% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L1H
- Population
- 32,298
- Private dwellings
- 14,480
- Median age
- 41.2
- Average household size
- 2.3
- Median household income
- $73,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Oshawa · last 12 months
- Median sold price
- $680,000
- Homes sold
- 1,900
- Median days on market
- 19
- Sale-to-list price
- 99.7%
Based on 1,900 recorded sales of residential freehold properties in Oshawa over the last 12 months.
Rooms
2 × 4-piece, 2 × 4-piece, 2 × 4-piece
Second
- Bedroom19'8" x 23'
Listed by
Royal Heritage Realty Ltd
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$189,980
Estimated Monthly Payment
$4,667
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,667/mo (20% down, 5.5%)
Taxes: $423/mo · Insurance: $237/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?