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1056 Ravine Road, Oshawa, ON L1H 4C8

Oshawa, ON

$799,000
MLS® #: E13449552
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Description

Rarely offered triplex on an exceptional ravine lot, now offered at an attractive new price! With 70 feet of frontage and a lot depth exceeding 300 feet, backing onto Oshawa Creek, this income-producing property offers privacy, green space, and a setting rarely found in today's market. The building features three self-contained units with separate hydro meters, dedicated storage lockers, private entrances, coin-operated laundry, and parking for approximately 5-6 vehicles. The main and upper units each offer two bedrooms and private balcony space overlooking the expansive backyard, while the lower unit offers a spacious one-bedroom layout. Originally renovated in 2016, the property features updated kitchens, bathrooms, flooring, windows, and mechanical systems. Each unit is equipped with a refrigerator, stove, microwave hood fan, and dishwasher (excluding the lower unit). Additional income is generated through the on-site coin-operated laundry facilities. What truly sets this property apart is the lot itself. Backing onto Oshawa Creek, the property offers a level of privacy and outdoor enjoyment rarely found in income-producing properties. Tenants enjoy access to a massive backyard with room to relax, entertain, garden, and play, all while being surrounded by nature. Two storage sheds are also located at the rear of the property. Conveniently located close to Highway 401, public transit, shopping, parks, schools, and Lake Ontario, this is an exceptional opportunity for investors seeking immediate positive cash flow and long-term upside. Now offered at an attractive new price, this property represents compelling value in today's market. Detailed investment package available, including virtual tour, floor plans, room measurements, operating expenses, and cash flow analysis.

Quick Details

Beds5
Baths3
TypeResidential Freehold
Sq Ft0
Parking Spaces6
Taxes$8,097
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Comprehensive Property Details

Approximate Age 51-99
Bedrooms Above Grade 4
Bedrooms Below Grade 1
Board Property Type Free
Central Vacuum Y N No
City Region Lakeview
Contract Status Available
Country CA
County Or Parish Durham
Covered Spaces 0
Cross Street Ravine And Wentworth
D D F Y N Yes
Den Familyroom Y N No
Direction Faces West
Directions Ravine And Wentworth
Ensuite Laundry Y N No
Expiration Date 2026-12-31
Fireplace Y N No
Garage Type None
Garage Y N No
Heating Y N Yes
Heat Source Gas
Heat Type Water
Internet Address Display Y N Yes
Internet Entire Listing Display Y N Yes
Kitchens Above Grade 2
Kitchens Below Grade 1
Kitchens Total 3
List A O R Toronto Regional Real Estate Board
List Office Name RE/MAX ULTIMATE REALTY INC.
Living Area Range 2000-2500
Lot Depth 0
Lot Dimensions Source Other
Lot Irregularities Huge Ravine Lot: Irregular
Lot Size Range Acres < .50
Lot Size Source Other
Lot Size Units Feet
Lot Width 70
Mls Status Sold Conditional
Occupant Type Tenant
Parcel Number 163840068
Parking Spaces 6
Possession Details Flexible
Possession Type Flexible
Postal Code L1H 4C8
Property Attached Y N Yes
Property Sub Type Triplex
Roll Number 181305001201600
Rooms Above Grade 10
Rooms Below Grade 3
Rooms Total 11
Standard Status Active Under Contract
State Or Province ON
Street Name Ravine
Street Number 1056
Street Suffix Road
Survey Type None
Tax Legal Description LT 6 PL 625 OSHAWA; PT LT 5 PL 625 OSHAWA AS IN D484101; CITY OF OSHAWA
Tax Year 2026
Transaction Type For Sale
Vendor Property Info Statement No
Virtual Tour U R L Unbranded https://sites.odyssey3d.ca/mls/251407736
Washrooms Type1 1
Washrooms Type1 Level Second
Washrooms Type1 Pcs 4
Washrooms Type2 1
Washrooms Type2 Level Ground
Washrooms Type2 Pcs 4
Washrooms Type3 1
Washrooms Type3 Level Basement
Washrooms Type3 Pcs 4
Waterfront Y N No