363 Simcoe Street, Unit 5, Oshawa, ON

$499,900
MLS#:E9398779
2 beds
1 baths
1000-1199 sqft
1.0 parking
Residential Condo & Other
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Property no longer active

This property was sold on November 13, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of O'Neill. Expertly crafted featuring premium aluminum siding and brick front construction, this residence presents an exceptional opportunity offered at $499,900 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 1 Bathroom
  • Generous living space spanning 1000-1199 sqft
  • 1.0 total parking spaces available
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via electric

Description

Welcome to 305-363 Simcoe St N., Oshawa, a spacious, west-facing, 2-bedroom unit, ideally located within The Aberdeen! Currently having all balconies redone! This condo offers easy access to essential services and leisure activities, situated on main bus routes, close to Lakeridge Health Oshawa Hospital, shopping, and Costco. It is nestled in a charming neighbourhood, with spectacular Century homes where mature trees line the streets. The unit offers an extra large balcony, accessed from the living room and overlooking Alexandra Park, a community garden and the Oshawa Golf & Curling Club just beyond. Inside the condo, you will find 2 bedrooms, 1 4-piece bathroom, an open-concept living and dining room, a separate kitchen, a stackable washer and dryer, and parquet hardwood flooring. The condo is ready for your personal touches and preferred design updates and style! The heating is an updated electric forced air with central A/C, while it additionally offers electric baseboards which still function. The electricity costs, along with most other expenses, are covered by the maintenance fees. There is a bright, clean and updated 4-piece bathroom and the solid concrete walls of the condo are great for reducing any sound from other units or traffic. The building is known to be quiet, clean. There is also a locker for the unit, located in the basement for additional storage, and an underground parking space. The affordability of the condo is maximized with the maintenance fees covering all of the following - Heat, Cooling, Hydro, Cable TV, Building Insurance, Water, Common Elements and Parking!! Additionally, the building offers secured entrance and visitor parking.

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Property Summary

This condo apartment located at 363 Simcoe Street, Oshawa is currently for sale and has been available on SousaSells for 639 days. This property is listed at $499,900 with an estimated mortgage of $1,664* per month. It has 2 beds, 1 bathroom, and is 1000-1199 square feet. 363 Simcoe Street, Oshawa is in the O'Neill neighborhood.

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

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
1000-1199 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateNovember 13, 2024
Sold price information is available to members only
Listed Date10/16/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionAluminum Siding, Brick Front
BasementNone
CountyDurham
Annual Tax$2,779.94

Parking & Garage

Parking Total1.0
Parking Space1
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Clear View, Hospital, Park, Place Of Worship, Public Transit

Interior Features

None

Security Features

Community Features

Location

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363 Simcoe Street, Unit 5, 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 363 Simcoe Street N 305, Oshawa, ON L1G 4T2

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$149,970 (30.0%)
* Minimum Canadian down payment required for this price is $24,995.
Amortization Period30 Years
Estimated Monthly Payment$1,664Based on a loan of $349,930 over 30 years.
Purchase Price$499,900
Loan Amount$349,930
Provincial Land Transfer Tax:$6,473
Total Estimated Closing Taxes:$6,473

About Purchasing a Home in Oshawa, ON

For a property listed at $499,900 in Oshawa, the legal minimum down payment is $24,995 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 $6,473 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 $6,473.

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City & Neighborhood Guide

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

Verified Local Data
City Population415,311
City Median Age39.6 Yrs
City Ownership75% Owners
Avg Area List Price$710,467

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

Mary Street Community
Public110 Mary Street North, Oshawa, Ontario, L1G 7S2
3.1
Hillsdale
Public525 Oshawa Boulevard North, Oshawa, Ontario, L1G 5T6
5.3
Coronation
Public441 Adelaide Avenue East, Oshawa, Ontario, L1G 2A4
7.3
Sir Albert Love
Public425 Wilson Road North, Oshawa, Ontario, L1G 6E6
5.7
St Christopher
Public431 Annapolis Avenue, Oshawa, Ontario, L1J 2Y5
3.7

Secondary Schools

O’Neill
Public301 Simcoe Street North, Oshawa, Ontario, L1G 4T2
5.7
Eastdale
Public265 Harmony Road North, Oshawa, Ontario, L1G 6L4
4.2

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.