Listed by Sutton Group-Heritage Realty Inc..

388 Wolfe Street is a Detached, Bungalow-Raised and is currently for Sale @ $795,000. Taxes in 2024 were $4,023.20.

More homes for sale under 800k in Oshawa

Legal two-unit raised bungalow - ideal for investment or multi-generational living! The beautifully maintained raised bungalow offers a legal two-unit designation, providing fantastic flexibility for investor or homeowners looking to generate rental income. The Bungalow-Raised on 388 Wolfe Street has 3 bedrooms, 2 bathrooms, and is located on a 140.72 x 50.05 ft lot in the community of Lakeview . Live in one unit and rent out to other to help offset your mortgage legally or use both as a full investment property! The home features 3+1 bedrooms with the option to convert the basement family room into a two-bedroom unit for increased rental potential. The primary bedroom offers a walkout to the backyard and the layout includes 2 bathrooms, 2 living rooms, 2 kitchens, 1 family. The shared laundry room is conveniently open to the family room which could be converted into another bedroom for the upper unit or incorporated into the basement apartment to create a larger two-bedroom unit. The property boasts a spacious driveway accommodating 6-8 vehicles, a large backyard perfect for family enjoyment and a generous shed with upper loft - ideal for storage or workspace. Located close to schools, parks, essential amenities and minutes from the 401, 412 & 418, this home is in a prime location for tenants and homeowners alike. Income potential: upper unit $2,400-$2,500 plus a percentage of utilities, lower unit (1 bedroom): $1,600-$1,700 plus a percentage of utilities, lower unit (converted to 2 bedrooms) could yield $1,850-$1,950 plus a percentage of utilities. Don't miss this fantastic opportunity!

Furnace & equipment, all electrical light fixtures, stainless steel fridge, stainless steel dishwasher, stainless steel stove, stainless steel built-in microwave, washer and dryer, white fridge, white stove......... ((Central air conditioning (as is) ))

The address 388 Wolfe Street was listed for sale (MLS# E12052816) on Tuesday, April 01, 2025.