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!
Address
388 Wolfe Street
List Price
$795,000
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow-Raised
Area
Oshawa
Sub-Area
Lakeview
County
Durham
Bedrooms
3 + 2
Bathrooms
2
Lot Size Source
MPAC
Lot Depth
140.72
Lot Size Units
Feet
Lot Width
50.05
MLS® Number
E12052816
Listing Brokerage
SUTTON GROUP-HERITAGE REALTY INC.
Basement Area
Apartment, Separate Entrance
Postal Code
L1H 3V1
Parking
Private, Private Double
Parking Places (Total)
7
Tax Amount
$4,023.20
Tax Year
2024
Interior Features
Central Vacuum, In-Law Suite, Primary Bedroom - Main Floor
Property Features
Fenced Yard, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick, Vinyl Siding
Direction Faces
North
Foundation Details
Unknown
Garage Type
None
Kitchens Total
2
Pool Features
None
Roof
Asphalt Shingle
Sewer
Sewer
