Selling

388 Wolfe Street, Oshawa, ON L1H 3V1

$769,000

  • Jun 17, 2025
  • Oshawa, Ontario

Description
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.
Overview
MLS ID: E12184109
Type: Detached
Bedrooms: 5
Bathrooms: 2
Square: 900 m²
Price: $769,000
PropertyType: Residential Freehold
TransactionType: For Sale
BuildingAreaUnits: Square Feet
Cooling: Central Air
Heating: Forced Air
ParkingFeatures: None
YearBuilt: Unknown
TaxAnnualAmount: 4023.2
PossessionDetails: 30-90 Days

🏠 Room Details
# Room Type Level Length (m) Width (m) Feature 1 Feature 2 Feature 3
1 Foyer Main 1.78 1.14 Vinyl Floor
2 Kitchen Main 4.76 2.38 Vinyl Floor Side Door Window
3 Living Room Main 5.09 3.51 Broadloom Large Window
4 Primary Bedroom Main 2.97 2.44 Laminate W/O To Yard B/I Closet
5 Bedroom 2 Main 2.99 3.01 Laminate Window Closet
6 Bedroom 3 Main 2.82 3.02 Hardwood Floor Window Closet
7 Bathroom Main 3.01 1.82 4 Pc Bath Window
8 Bedroom 4 Basement 3.44 3.3 Laminate Window Closet
9 Family Room Basement 3.58 3.47 Broadloom Combined w/Laundry
10 Kitchen Basement 3.38 3.48 Vinyl Floor Eat-in Kitchen
11 Living Room Basement 3.75 3.36 Laminate Window
12 Bathroom Basement 2.41 1.77 Ceramic Floor 3 Pc Bath Window
13 Laundry Basement 3.08 1 Concrete Floor
14 Furnace Room Basement 3.54 1.78 Concrete Floor
Map
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