558 Lansdowne Drive
Oshawa, ON
- 11 bed
- 6 bath
- approx. 3500-5000 sqft
- Multiplex
Legal 6-Plex. 5.92% CAP. Turnkey Investment in High-Demand Neighbourhood. Well-maintained, all-brick legal 6-unit building on a large 75' x 136' lot. Features 5 spacious 2-bedroom units and 1 one-bedroom unit, each with its own bathroom (five 4-piece and one 3-piece), private storage locker, and dedicated parking spot. Four units include private balconies.Recent updates include a new Goodyear White Membrane flat roof, some windows, flooring, appliances, paved driveway, glass sliding doors, and flooring. All units have 60-amp panels.Additional highlights: on-site coin laundry, solid terrazzo staircases (front & rear) with fire-code compliant doors/locks, and excellent access throughout. Tenants pay hydro & hot water: landlord pays heat. 7 parking spots total with room for more.This turnkey property is currently occupied by A++ long-term tenants and offers a 5.43% cap rate with strong upside potential for increased returns over time. Located in a quiet, highly desirable neighbourhood - walking distance to schools, Costco Plaza, and all amenities.
Listing Details
- Taxes (2025)
- $12,242
- Originally Listed
- $1,245,000
- Listed
- June 29, 2026
Price History
Listing history
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Property
- Style
- 2 1/2 Storey
- Construction
- Brick
- Roof
- Flat
- Foundation
- Concrete
- Interior
- None
- Lot Size
- 75 x 136.5 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 7
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Adelaide/ Wilson
- Parcel Number
- 163320012
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 6 Fridges, 6 Stoves, Coin Washer & Dryer
- Rental Items
- none
Schools
Elementary
- Coronation Public School0.3 km
Public · Durham DSB · 445 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 55% met the provincial standard
- Sir Albert Love Catholic School0.6 km
Catholic · Durham CDSB · 335 students
Grade 3 reading: 89% met the provincial standard · Grade 6 math: 37% met the provincial standard
- Vincent Massey Public School0.8 km
Public · Durham DSB · 645 students
Grade 3 reading: 73% met the provincial standard · Grade 6 math: 46% met the provincial standard
Secondary
- Eastdale Collegiate and Vocational Institute0.9 km
Public · Durham DSB · 1400 students
Grade 10 literacy: 75% met the provincial standard
- O'Neill Collegiate and Vocational Institute1.7 km
Public · Durham DSB · 1410 students
Grade 10 literacy: 84% met the provincial standard
- Monsignor John Pereyma Catholic Secondary School3.1 km
Catholic · Durham CDSB · 435 students
Grade 10 literacy: 87% 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 L1G
- Population
- 43,497
- Private dwellings
- 19,291
- Median age
- 43.2
- Average household size
- 2.3
- Median household income
- $75,500
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
- $670,000
- Homes sold
- 1,846
- Median days on market
- 19
- Sale-to-list price
- 99.5%
Based on 1,846 recorded sales of residential freehold properties in Oshawa over the last 12 months.
Listed by
CENTURY 21 WENDA ALLEN REALTY
Walk Score
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Location
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Mortgage Calculator
$240,000
Estimated Monthly Payment
$5,895
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: $5,895/mo (20% down, 5.5%)
Taxes: $1,020/mo · Insurance: $300/mo
Estimates only. Consult a financial advisor.
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