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Lakeview, Oshawa
$699,000
The Seller is willing to give back a 2nd mortgage of $25,000 at 0 % 5 year term. LIVE IN ONE UNIT AND LET THE OTHER HELP PAY YOUR MORTGAGE! Welcome to 260 Lakeview Park Avenue, a beautifully maintained and updated LEGAL DUPLEX registered with the City of Oshawa (certificate on file). An incredible opportunity to enjoy homeownership while generating rental income that may significantly increase your purchasing power! Currently owner-occupied, the renovated 2-bedroom upper unit is MOVE-IN READY, with the owners prepared to vacate immediately for a QUICK CLOSING! The lower 2-bedroom unit generates $1,650/month plus 50% of hydro costs, with quiet, reliable, long-term A+ tenants who are looking to stay! Both self-contained units feature their own kitchen, bathroom, and private in-suite laundry. Major improvements include NEW SHINGLES (2026), NEWLY PAVED DRIVEWAY (2026), NEW PRIVACY FENCE AND GATE (2026), SELECT WINDOW INSERTS REPLACED (2026), central air conditioning (2019), upgraded attic insulation (2015), and a new gas hot water tank (2026, rental).Enjoy parking for up to 5 vehicles, a large manicured backyard, and a 10' x 10' storage shed securely divided for separate use. Includes 2 fridges, 2 stoves, 2 washers, 2 dryers, and 1 dishwasher. LOCATION, LOCATION, LOCATION! Just a ONE-MINUTE WALK to beautiful Lakeview Park! Enjoy waterfront trails, sandy beaches, and green spaces practically at your doorstep, with schools, shopping, and transit nearby. A rare opportunity to enjoy a beautiful home, an incredible lakeside lifestyle, and rental income from day one.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | 31-50 |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,875 |
| Lot Size | 27.89 ft x 108.27 ft |
| mls© Number | E13794126 |
| Listed By | RE/MAX Jazz INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,578
- Property tax
- $323
- Heat allowance
- $150
- Housing costs
- $4,051 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$125,000
gross annual household income
- Payment at 4%
- $2,942 / mo
- Cash down
- $139,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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