Welcome to this remarkable ["Bungalow-Raised"] detached located in the coveted neighborhood of Lakeview. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $739,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Legal two-unit raised bungalow - ideal for investment or multi-generational living! 7 car Driveway, no sidewalk. The beautifully maintained raised bungalow offers a legal two-unit designation, providing fantastic flexibility for investor or homeowners looking to generate rental income. Live in one unit and rent out to other to help offset your mortgage legally or use both as a full investment property! The home features 3+1 bedrooms with the option to convert the basement family room into a two-bedroom unit for increased rental potential, or a 4th bedroom of upstairs use. The primary bedroom offers a walkout to the backyard and the layout includes 2 bathrooms, 2 living rooms, 2 kitchens, 1 family. The shared laundry room is conveniently open to the family room which could be converted into another bedroom for the upper unit or incorporated into the basement apartment to create a larger two-bedroom unit. The property boasts a spacious driveway accommodating 6-8 vehicles, a large backyard perfect for family enjoyment and a generous size shed with upper loft - ideal for storage or workspace. Located close to schools, parks, essential amenities and minutes from the 401, 412 & 418, this home is in a prime location for tenants and homeowners alike. Income potential: upper unit $2,400-$2,500 plus a percentage of utilities, lower unit (1 bedroom): $1,600-$1,700 plus a percentage of utilities, lower unit (converted to 2 bedrooms) could yield $1,850-$1,950 plus a percentage of utilities. Don't miss this fantastic opportunity! OFFERS ARE WELCOME ANYTIME. Great Investment at a potential 6.0% ++ Cap Rate, great investment or great mortgage financial help. Live in one and rent the other. The income may increase your mortgage approval amount since its a registered apartment, great investment and great home with income.
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Fenced Yard, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 388 Wolfe Street, Oshawa, ON L1H 3V1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
No schools found within 3 km of this property.
No current listings found in Oshawa.
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