39
See all 39 photos
$870,000
Est. payment /mo
7 Beds
3 Baths
New
380 Phillip Murray AVE Oshawa, ON L1J 1H3
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Lakeview
MLS Listing ID E12997410
Style 2-Storey
Bedrooms 7
Annual Tax Amount $5,366
Tax Year 2025
Property Sub-Type Detached
Property Description
Strategic income property in one of South Oshawa's most underrated lake-adjacent pockets. Legally registered as 2 units with an additional self-contained basement unit, this solid 2-storey brick property offers three fully separated units - each occupying its own level for privacy and strong rental appeal. The layout includes two 2-bedroom units and one spacious 3-bedroom unit. All units have separate electrical panels with electric baseboard heat. Shared laundry is located in the basement. Most recent rents totalled $5,450/month with tenants paying their own utilities. Unit 2 is currently vacant - creating immediate flexibility. Set new market rent as an investor, or live in the vacant unit and offset your mortgage with approximately $3,250/month from the other two units. What truly sets this property apart is its location. Just minutes to Lakeview Park and the Lake Ontario shoreline, you get the lifestyle benefits of waterfront living - morning walks along the trail, cooling summer lake breezes, and a peaceful, established-community feel - without paying waterfront taxes. This pocket offers a rare balance: residential charm with exceptional commuter convenience. Minutes to Highway 401, close to Oshawa GO Station, near major industrial employers, shopping, parks, and transit. Rental demand here remains steady due to lake proximity and commuter access, and properties this close to the shoreline are limited - supporting long-term value and stability. Whether you're expanding your portfolio or house hacking your way into ownership, this property offers cash flow today and smart positioning for tomorrow. Note: Unit 1 photos are from a prior listing. Unit 2 photos are virtually staged.
Location
Province ON
County Durham
Area Durham
Rooms
Family Room No
Basement Finished
Kitchen 3
Separate Den/Office 2
Interior
Interior Features Carpet Free, Water Heater Owned
Cooling None
Fireplace No
Heat Source Electric
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 58.92
Lot Depth 126.28
Total Parking Spaces 4
Building
Foundation Concrete
Others
ParcelsYN No
Listed by RE/MAX JAZZ INC.