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Listed 2 months ago

1086 Somerville Street

Centennial, Oshawa

$875,000

Detached|Bungalow
3 | 2 | 11.5
About this home

Welcome to 1086 Somerville Street! This beautifully renovated home offers exceptional flexibility and space. The main residence features a spacious one-bedroom layout with an oversized living area, ideal for both comfortable everyday living and entertaining. Large windows throughout fill the home with natural light, creating a bright, warm, and inviting atmosphere.In addition to the main living space, the property has been thoughtfully updated to include a separate two-bedroom, one-bathroom unit. This suite boasts a generous living area, a well-sized kitchen, and a convenient walk-out to the backyard - making it perfect for extended family, guests, or potential rental income. For buyers seeking a single larger home, the layout can easily be converted back to one expansive residence. The lower level offers even more versatility, featuring a large laundry room, dedicated office space, recreation area, and an additional bedroom - providing plenty of room to grow and customize. With ample outdoor space and incredible flexibility, this property is an outstanding opportunity for both homeowners and investors. Enjoy the privacy of a secluded setting while remaining close to amenities and conveniences. As an added bonus, the buyer has the option to purchase the additional rear lot (125 ft x 114 ft) for $300,000. Don't miss this rare opportunity to own a truly unique property with endless potential!

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$7,653
Lot Size62.08 ft x 299.31 ft
mls© NumberE13456328
Listed ByRE/MAX Jazz INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,479
Property tax
$638
Heat allowance
$150
Housing costs
$5,266 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $175,000
25-yr amortization

Income needed

$162,000

gross annual household income

Payment at 4%
$3,682 / mo
Cash down
$175,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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