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
Key Facts:
Tax:
$8,500 / 2025
Property Type:
Triplex
Building Age:
0-5 years
Sq. ft. size
2500-3000 sq. ft.
Lot Size:
37.51 x 103.12 feet
Lot Irregularities:
PART LOTS 160 AND 161 PLAN 148 OSHAWA, PART 1 40R31639 CITY OF OSHAWA
Parking:
3 spaces
Basement:
Apartment, Walk-Up
Possession:
2027-02-01
Listing #:
E14140620
Days on Site:
2 days
Status Change:
2 days ago
Added to CiRealty:
2026-11-02
Updated on:
2026-11-02
Market Demand:
Buyer’s Market
Balanced
Seller’s Market
Property Details
Property details for 489 DREW St, Oshawa. Listed for $1,248,000 on 2026-11-02