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New2 days ago

511 Woodcrest Avenue

McLaughlin, Oshawa

$979,000

Detached|Bungalow
3 | 2 | 4
About this home

Welcome to 511 Woodcrest Ave, a distinctive legal two-unit bungalow in Oshawa's established McLaughlin neighbourhood, set on a generous approx. 60 x 130 ft lot directly across from Woodcrest Public School. The main level offers 3 bedrooms, a bright living room with fireplace, vaulted dining area, kitchen with skylight and walkout to the rear patio, plus *no carpets* laminate/hardwood/wood flooring, oak trim and plenty of natural light. The recently refinished legal 3-bedroom lower apartment features 3 bedrooms, a large great room, separate kitchen, full bath, private full dedicated laundry and generous bedroom storage. Excellent opportunity for multigenerational living, mortgage assistance or investment income. Additional highlights include a metal roof, detached garage with mezzanine/storage, carport , large back-yard greenhouse or potential future coach house (permits permitting), and substantial recent investment in the property, including foundation/waterproofing work. A rare combination of lot size, legal income potential and bungalow living.

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nest zoom realty
(416) 276-9973
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$7,215
Lot Size60 ft x 130 ft
mls© NumberE13752020
Listed ByRIGHT AT HOME REALTY

Listing History

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

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$5,011
Property tax
$601
Heat allowance
$150
Housing costs
$5,762 / mo

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

Down payment20% · $195,800
25-yr amortization

Income needed

$177,000

gross annual household income

Payment at 4%
$4,120 / mo
Cash down
$195,800

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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