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Vanier, Oshawa
$649,900
Welcome to 520 Cromwell Ave, Oshawa - A rare opportunity to own a detached 3+1 bedroom home with stable rental income and occupancy flexibility. Located on a quiet, family-friendly street, this property features a functional layout, updated kitchen, renovated bathroom, spacious backyard, and comfortable living spaces. Currently occupied by long-term tenants of 5 years who have maintained the home well, paid rent on time, and cover all utilities, this property offers a great opportunity for investors seeking stable and cash-flow friendly rental income. Rental income can offset your monthly mortgage and property tax expenses. For buyers looking to make this their home, tenants are willing to vacate with proper notice, providing flexibility for future occupancy. Conveniently located close to schools, parks, shopping, and transit, 520 Cromwell Ave presents an excellent opportunity to own a detached home in a desirable Oshawa community.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,230 |
| Lot Size | 59.67 ft x 120 ft |
| mls© Number | E13518732 |
| Listed By | REMAX YOUR COMMUNITY REALTY |
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%
- $3,326
- Property tax
- $436
- Heat allowance
- $150
- Housing costs
- $3,912 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$120,000
gross annual household income
- Payment at 4%
- $2,735 / mo
- Cash down
- $129,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
Values and trends
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