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Listed 21 days ago

918 Pinecrest Road

Pinecrest, Oshawa

$888,000

Detached|Bungalow
3 | 3 | 8
About this home

Power of Sale! Exceptional value-add opportunity on an estate-sized 17,168 sq. ft. premium lot in one of North Oshawa's most desirable family neighbourhoods. This spacious open-concept bungalow offers outstanding potential for end-users, Investors and renovators looking to renovate, modernize, and build significant equity. The bright main level features generous principal rooms, a large kitchen with a walk-out to a deck, and abundant natural light throughout. The finished lower level offers a family room with a fireplace, an additional bedroom with a fireplace, extra living space, and a separate walk-out-ideal for multi-generational living, an in-law suite, or private guest accommodations .A heated 2-car garage with direct basement access and an expansive driveway accommodating up to 6 vehicles provides exceptional functionality for contractors, hobbyists, workshops, or additional vehicles. Conveniently located close to highly rated schools, parks, nature trails, Taunton Road amenities, shopping, transit, and Highways 401 and 407. Potential redevelopment opportunity. The property was previously approved and a City of Oshawa building permit was issued for a second-storey addition. Buyers are advised to conduct their own due diligence regarding permits, approvals, and future development potential. Sold under Power of Sale in "as is, where is" condition. Virtually staged/ decluttered photos included.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$7,882
Lot Size100 ft x 122.12 ft
mls© NumberE13650094
Listed ByREALINVEST CANADA 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%
$4,545
Property tax
$657
Heat allowance
$150
Housing costs
$5,352 / mo

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

Down payment20% · $177,600
25-yr amortization

Income needed

$165,000

gross annual household income

Payment at 4%
$3,737 / mo
Cash down
$177,600

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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