388 Wolfe Street Oshawa, Ontario L1H 3V1
$795,000
Legal two-unit raised bungalow - ideal for investment or multi-generational living! 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. 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 5.5% Cap Rate (id:61852)
Property Details
| MLS® Number | E12052816 |
| Property Type | Single Family |
| Neigbourhood | Lakeview |
| Community Name | Lakeview |
| AmenitiesNearBy | Park, Place Of Worship, Public Transit, Schools |
| CommunityFeatures | Community Centre |
| Features | In-law Suite |
| ParkingSpaceTotal | 7 |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 3 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 5 |
| Appliances | Central Vacuum, Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator |
| ArchitecturalStyle | Raised Bungalow |
| BasementFeatures | Apartment In Basement, Separate Entrance |
| BasementType | N/a |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick, Vinyl Siding |
| FlooringType | Vinyl, Laminate, Ceramic, Concrete, Carpeted, Hardwood |
| FoundationType | Unknown |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 700 - 1100 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| FenceType | Fenced Yard |
| LandAmenities | Park, Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 140 Ft ,8 In |
| SizeFrontage | 50 Ft ,1 In |
| SizeIrregular | 50.1 X 140.7 Ft |
| SizeTotalText | 50.1 X 140.7 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Living Room | 3.75 m | 3.36 m | 3.75 m x 3.36 m |
| Basement | Bathroom | 2.41 m | 1.77 m | 2.41 m x 1.77 m |
| Basement | Laundry Room | 3.08 m | 1 m | 3.08 m x 1 m |
| Basement | Bedroom 4 | 3.44 m | 3.3 m | 3.44 m x 3.3 m |
| Basement | Family Room | 3.58 m | 3.47 m | 3.58 m x 3.47 m |
| Basement | Kitchen | 3.38 m | 3.48 m | 3.38 m x 3.48 m |
| Main Level | Foyer | 1.78 m | 1.14 m | 1.78 m x 1.14 m |
| Main Level | Kitchen | 4.76 m | 2.38 m | 4.76 m x 2.38 m |
| Main Level | Living Room | 5.09 m | 3.51 m | 5.09 m x 3.51 m |
| Main Level | Primary Bedroom | 2.97 m | 2.44 m | 2.97 m x 2.44 m |
| Main Level | Bedroom 2 | 2.99 m | 3.01 m | 2.99 m x 3.01 m |
| Main Level | Bedroom 3 | 2.82 m | 3.02 m | 2.82 m x 3.02 m |
| Main Level | Bathroom | 3.01 m | 1.82 m | 3.01 m x 1.82 m |
Utilities
| Cable | Available |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28099810/388-wolfe-street-oshawa-lakeview-lakeview
Interested?
Contact us for more information
Greg Brown
Salesperson
300 Clements Road West
Ajax, Ontario L1S 3C6
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May 05 2025 01:09:56
Toronto Real Estate Board
Sutton Group-Heritage Realty Inc.
