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New24 hours ago

180 Olive Avenue

Central, Oshawa

$550,000

Detached|2-Storey
3 | 2 | 8
About this home

There's more here than you might expect. Built in 1922, this detached Oshawa home has retained much of the character you hope to find in an older house - original oak floors, restored trim and doors, and 9.5' main-floor ceilings - while some of the less exciting (but very important) work has already been done.The main floor offers a comfortable living room, dining room open to the kitchen, and double garden doors leading out to the deck and large fully fenced backyard. The kitchen includes some thoughtful extras, including really great appliances and an island with a built-in deep freezer, beverage fridge and additional storage, plus a black Blanco Silgranit sink and handy glass rinser. Upstairs, you'll find three bedrooms and an updated 4-piece bathroom. Need more room? The finished lower level has a separate entrance, two additional bedrooms, an updated 3-piece bathroom and above-grade windows - giving you some useful flexibility beyond the main living space. And don't miss the attic, accessible by a pull-down ladder, with plenty of additional storage space. Outside, the 50' x 107' lot offers plenty of room to enjoy, with a gazebo, firepit area, garden shed and built-in deck cabinet with stone countertop. And while there's no garage, there's something you don't often find on an older in-town property: a private driveway with parking for up to approximately eight vehicles. Behind the character are some meaningful updates, too: roof, windows, 100-amp breaker panel and PEX plumbing (2016); owned furnace and tankless water heater (2017); central air (2019); copper wiring; and a newer 4" main drain to the city shutoff with anti-backflow protection, interior inspection and exterior cleanout. If you've been looking for an affordable detached home with character, a surprisingly generous amount of space, a big backyard and some of the major updates already taken care of, this home might be worth a closer look.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,222
Lot Size50 ft x 107 ft
mls© NumberE13726472
Listed ByRE/MAX Jazz INC.

Listing History

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What the bank counts

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

Mortgage, tested at 6%
$2,815
Property tax
$352
Heat allowance
$150
Housing costs
$3,317 / mo

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

Down payment20% · $110,000
25-yr amortization

Income needed

$102,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$110,000

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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