2550 Simcoe Street, Oshawa, ON

$549,000
MLS#:E8391634
2 beds
2 baths
600-699 sqft
1.0 parking
Residential Condo & Other
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Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Windfields. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $549,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 600-699 sqft
  • 1.0 total parking spaces available
  • Notable attributes: Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

This 2 Bedrooms 2 Full Washroom unit Features Open Concept Layout W/ Large Windows and tons of natural light!! Steps To New Plaza with Costco, Major Banks, Restaurants. Mins To Highway 401, 407. Great Opportunity for First Time Buyers or Investors alike! Close to Durham College and University. 1 parking space included. Must see the unit and its surrounding area to appreciate its convenience. Offers Anytime!

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Property Summary

This condo apartment located at 2550 Simcoe Street, Oshawa is currently for sale and has been available on SousaSells for 772 days. This property is listed at $549,000 with an estimated mortgage of $1,827* per month. It has 2 beds, 2 bathrooms, and is 600-699 square feet. 2550 Simcoe Street, Oshawa is in the Windfields neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
600-699 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJuly 12, 2024
Sold price information is available to members only
Listed Date5/31/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick
BasementNone
CountyDurham
Annual Tax$4,061.28

Parking & Garage

Parking Spaces1.0
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Carpet Free

Security Features

Security Guard

Community Features

Location

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2550 Simcoe Street, Oshawa, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 2550 Simcoe Street N 615, Oshawa, ON L1L 0R5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Oshawa.

Configure Loan Settings

Interest Rate4.00%
Down Payment$164,700 (30.0%)
* Minimum Canadian down payment required for this price is $29,900.
Amortization Period30 Years
Estimated Monthly Payment$1,827Based on a loan of $384,300 over 30 years.
Purchase Price$549,000
Loan Amount$384,300
Provincial Land Transfer Tax:$7,455
Total Estimated Closing Taxes:$7,455

About Purchasing a Home in Oshawa, ON

For a property listed at $549,000 in Oshawa, the legal minimum down payment is $29,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,455 for this transaction. As this listing is in Oshawa (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,455.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Windfields, Oshawa.

Verified Local Data
City Population415,311
City Median Age39.6 Yrs
City Ownership75% Owners
Avg Area List Price$758,683

People & Families

Age Distribution

Household Composition

One-person households
21%
Families with children
53%
Couples without children
26%
Other households
0%

Top Ethnic Origins

English23%
Scottish18%
Irish18%
Canadian16%

Local Schools Guide

Elementary Schools

St. Anne
CatholicBridle Road, Windfields, Oshawa, Ontario, L1L 1B7
5.1
Northern Dancer
Public2200 Bridle Road, Windfields, Oshawa, Ontario, L1L 1C4
8.2
Kedron
Public1935 Ritson Road North, Samac, Oshawa, Ontario, L1H 7K5
6.6
Elsie MacGill
Public800 Greenhill Avenue, Oshawa, Ontario, L1K 0C8
5.2
Sherwood
Public633 Ormond Drive, Samac, Oshawa, Ontario, L1K 2W6
4.7

Secondary Schools

Maxwell Heights
Public1100 Coldstream Drive, Oshawa, Ontario, L1K 0N1
6.9

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied75%
Rented25%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.