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Listed 22 days ago

651 Olive Avenue

Donevan, Oshawa

$749,000

Detached|Bungalow
3 | 2 | 4
About this home

Fantastic Opportunity! Well-maintained DETACHED home situated on a SPACIOUS CORNER LOT, featuring a LEGAL DUPLEX in a desirable neighbourhood. The bright and beautifully renovated main level with inviting living space offers 3 bedrooms with brand-new flooring and fresh paint, and an updated eat-in kitchen with modern countertops and new stainless steel appliances. The fully renovated lower-level suite, with a separate side entrance, features 2 bedrooms, an open-concept kitchen and living area, making it ideal for extended family or rental income. Enjoy a fully fenced backyard and ample parking. A perfect opportunity for homeowners looking to offset their mortgage with rental income or investors seeking a turnkey income property. Updates include: Central A/C (2025), Roof (2018), Furnace (2014), and owned hot water tank(2023).

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,411
Lot Size46.54 ft x 110.96 ft
mls© NumberE13559206
Listed ByHOMELIFE FRONTIER REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$3,834
Property tax
$368
Heat allowance
$150
Housing costs
$4,351 / mo

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

Down payment20% · $149,800
25-yr amortization

Income needed

$134,000

gross annual household income

Payment at 4%
$3,152 / mo
Cash down
$149,800

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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