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Listed 8 days ago

980 Ritson Road N

Centennial, Oshawa

$1,099,000

Detached|Bungalow-Raised
6 | 4 | 8
About this home

Exceptional turnkey investment opportunity with outstanding income potential! This extensively updated property offers incredible flexibility for investors, multi-generational families, or those seeking a mortgage helper. The upper level features 6 spacious bedrooms and 3 full bathrooms, providing ample living space for large or extended families. The fully finished lower level includes 3 additional bedrooms, 1 full bathroom, a kitchen, and a separate entrance, offering excellent in-law or income potential (buyer to verify permitted use). Major updates include a new furnace (2025) and central air conditioning (2025), providing added comfort and peace of mind. A rare highlight is the massive driveway with parking for up to 8-9 vehicles, an exceptional feature seldom found in residential properties. The oversized detached garage offers abundant storage, workshop space, or future potential. Ideally located close to shopping, restaurants, parks, public transit, major highways, and Beau Valley Public School. Whether you're looking to expand your investment portfolio or secure a spacious home with exceptional income potential, this versatile property is one you don't want to miss.

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Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow-Raised
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$6,037
Lot Size60 ft x 152 ft
mls© NumberE13611242
Listed ByRE/MAX TWIN CITY 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%
$5,625
Property tax
$503
Heat allowance
$150
Housing costs
$6,278 / mo

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

Down payment20% · $219,800
25-yr amortization

Income needed

$193,000

gross annual household income

Payment at 4%
$4,625 / mo
Cash down
$219,800

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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