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For saleNew listingMLS® E14140620

489 DREW Street, Oshawa, ON L1H 5B8

Central · L1H 5B8

$1,248,000

$499 / sq ft

2 days on market

Bedrooms
9
Bathrooms
6
Interior
2,500 sf
Parking
3
Lot
37.51 × 103.12 ft
Age
0-5 years

What's special

  • 3 parking spaces
  • Central air
  • Basement apartment
  • Newly built
  • Carpet free

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About this property

OFFER ANYTIME! Exceptional Investment Opportunity in the Heart of Oshawa! This spacious purpose-built-style triplex offers outstanding income potential with 3 self-contained units, each featuring its own private entrance, separate hydro meter, individual furnace, private laundry, modern kitchen, 3 bedrooms and 2 bathrooms - providing a total of 9 bedrooms and 6 bathrooms.Designed with functionality and natural light in mind, the property features large windows throughout. The second-floor unit offers an oversized private balcony with an open view, while the main-floor unit features a beautiful deck overlooking the backyard. The lower-level unit boasts large windows, creating a bright and inviting living space with abundant natural light.Ideally located close to transit, shopping, schools, restaurants, parks and everyday amenities. The property currently generates strong rental potential, with individual rooms being rented primarily to students.Beyond its existing income-producing use, the property may also offer long-term redevelopment and land assembly potential, making it attractive to investors, developers and buyers looking for both immediate income and future upside. Future development is subject to municipal planning, zoning and approval requirements.A rare opportunity to acquire a highly functional multi-unit property with strong income potential and future redevelopment possibilities in a growing Oshawa neighbourho

Features

  • Carpet Free

Property details

Property

Property type
multiplex
Bedrooms
9
Bathrooms
6
Interior size
2,500 sq ft
Year built
0-5
Lot size
37.51 × 103.12 ft
Possession
TBA

Interior

Basement
Apartment, Walk-Up, Separate Entrance, Finished
Heating
Forced Air · Gas
Cooling
Central Air
Exposure
East

Exterior & services

Construction
Other
Parking spaces
3
Sewer
Sewer

Costs

List price
$1,248,000
Property taxes
$8,500 / year (2025)
Price per sq ft
$499
Rental items
HWT $42 EACH

Listing

MLS® number
E14140620
Status
For sale
Listed
November 2, 2026
Days on market
2
Last updated
November 2, 2026
Listing brokerage
HOMELIFE LANDMARK REALTY INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 91% of comparable multiplex listings in Oshawa are asking less.

$699KMedian $850K$1.22M
This home
$499 / sq ft
Comparable median
$533 / sq ft

Based on 23 comparable active multiplex listings in Oshawa. These are asking prices, not sale prices.

Mortgage estimate

Down payment8.0% · minimum $99,800
$99,800
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$6,348.59
Property tax (est.)
$708.33
Estimated monthly
$7,057

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$21,435
Total due on closing
$21,435

An estimate on the asking price of $1,248,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of HOMELIFE LANDMARK REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$1,248,000

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