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 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! (id:61476)
Property Details
| MLS® Number | E12052816 |
| Property Type | Single Family |
| Neigbourhood | Lakeview |
| Community Name | Lakeview |
| Amenities Near By | Park, Place Of Worship, Public Transit, Schools |
| Community Features | Community Centre |
| Features | In-law Suite |
| Parking Space Total | 7 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Appliances | Central Vacuum, Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator |
| Architectural Style | Raised Bungalow |
| Basement Features | Apartment In Basement, Separate Entrance |
| Basement Type | N/a |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Vinyl Siding |
| Flooring Type | Vinyl, Laminate, Ceramic, Concrete, Carpeted, Hardwood |
| Foundation Type | Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Park, Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 140 Ft ,8 In |
| Size Frontage | 50 Ft |
| Size Irregular | 50.05 X 140.72 Ft |
| Size Total Text | 50.05 X 140.72 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 |
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April 01 2025 02:03:26
Toronto Regional Real Estate Board
Sutton Group-Heritage Realty Inc.