320 Elgin Street W, Oshawa, ON L1J 2P3
$998,000
$998,000

320 Elgin Street W

McLaughlin, Oshawa, Durham $998,000

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9 Beds
4 Baths
2000-2500 sqft
Parking for 4
North Facing
MLS®#:
E12902488
Property Type:
Fourplex
Property Style:
Bungalow
Area:
Durham
Community:
McLaughlin
Taxes:
$7,592 / 2025
Added:
March 20 2026
Lot Frontage:
60
Lot Depth:
120
Status:
Active
Outside:
Brick
Year Built:
Basement:
Finished
Brokerage:
HOMELIFE LANDMARK REALTY INC.
Lot :

120

60

Intersection:
Park Rd. & Adelaide
Rooms:
Bedrooms:
9
Bathrooms:
4
Fireplace:
Utilities
Water:
Municipal
Cooling:
None
Heating Type:
Forced Air
Heating Fuel:

Listing Details

Rare Legal Fourplex On An Oversized Lot In A High Demand Location! Exceptional Opportunity For Investors Or End-Users Seeking Strong Income Potential And Future Upside. This Well-Maintained Property Features 4 Self-Contained Units, 4 Separate Entrances, 3 Hydro Meters And 6 Parking Spaces. The Front Upper Unit Offers 3 Bedrooms, Living Room, Kitchen And 1 Bathroom And Is Currently Vacant, Providing Immediate Possession For Owner Occupancy Or The Opportunity To Set Market Rent. This Unit Features Several Newly Installed Windows As Well As New Flooring, Stove And Refrigerator. The Back Upper Unit Features 3 Bedrooms, Living Room, Kitchen And 1 Bathroom; The Front Lower Unit Includes 1 Bedroom, Living Room, Kitchen And 1 Bathroom; The Back Lower Unit Offers 2 Bedrooms, Living Room, Kitchen And 1 Bathroom. Buyer To Assume Existing Tenancies For The Remaining 3 Units. Common Area Coin-Operated Washer And Dryer Provide Additional Monthly Income. Long-Term Ownership With Excellent Maintenance And Pride Of Ownership Evident Throughout. Roof Replaced Approximately 2 Years Ago. Located Close To Public Transit, Shopping, Schools, Parks And Other Everyday Amenities. Excellent Option As A Turnkey Income Property, Owner-Occupied Investment, Or Future Redevelopment Opportunity On A Generous Lot.

Existing Fridge, Stove, Range Hood, Dishwasher, Washer And Dryer, All Existing Window Coverings, All Electrical Lights Fixtures.

Insights

  1. Strong Income Potential: This property is a legal fourplex with four self-contained units, providing multiple streams of rental income. The current rents for the occupied units suggest a solid return on investment, and the vacant unit offers immediate potential for owner occupancy or market rent.
  2. Well-Maintained with Recent Upgrades: The property has been well-maintained, with a new roof installed approximately two years ago and several upgrades in the vacant unit, including new windows and flooring. This indicates a lower likelihood of immediate repair costs for the buyer.
  3. Prime Location: Situated in a high-demand area of Oshawa, close to public transit, shopping, schools, and parks, this property is ideally located for attracting tenants and ensuring long-term value appreciation.

Sale/Lease History of 320 Elgin Street W

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Neighborhood Overview

Complete neighborhood profile for 320 Elgin Street W

McLaughlin home prices

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Insights for 320 Elgin Street W

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* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)