489 DREW Street, Oshawa, ON

Oshawa, Central Hood
Olive Ave/Ritson Rd S
9 Br | 6 Bath | 2500-3000 Sqft
$1,248,000 For Sale

Property Overview

  • Triplex — 2-Storey
  • SqFt: | 2500-3000 Sqft
  • Lot Size: 37.51 x 103.12 Feet
  • Age: 0-5 Years
  • Basement: Apartment, Walk-Up, Separate Entrance, Finished
  • Exterior: Other
  • Taxes: 8,500 / 2025
  • Zoning: n/a
  • MLS #: E14140620
  • Sewer: Sewer
  • Heat Source: Gas , Forced Air

Property Description

OFFER ANYTIME! Exceptional Investment Opportunity in the Heart of Oshawa! This spacious purpose-built-style triplex offers outstanding income potential with 3 self-contained units, each featuring its own private entrance, separate hydro meter, individual furnace, private laundry, modern kitchen, 3 bedrooms and 2 bathrooms - providing a total of 9 bedrooms and 6 bathrooms.Designed with functionality and natural light in mind, the property features large windows throughout.

The second-floor unit offers an oversized private balcony with an open view, while the main-floor unit features a beautiful deck overlooking the backyard. The lower-level unit boasts large windows, creating a bright and inviting living space with abundant natural light.Ideally located close to transit, shopping, schools, restaurants, parks and everyday amenities.

The property currently generates strong rental potential, with individual rooms being rented primarily to students.Beyond its existing income-producing use, the property may also offer long-term redevelopment and land assembly potential, making it attractive to investors, developers and buyers looking for both immediate income and future upside.

Future development is subject to municipal planning, zoning and approval requirements.A rare opportunity to acquire a highly functional multi-unit property with strong income potential and future redevelopment possibilities in a growing Oshawa neighbourho.

MAIN FLOOR: Original floor plan features 3 bedrooms and 2 bathrooms, large windows, and a bright interior filled with natural light. Walk out to a spacious deck overlooking the fully fenced backyard. The main floor is currently configured with 5 bedrooms, providing excellent flexibility and rental potential.SECOND FLOOR: Spacious and bright upper-level suite featuring 3 bedrooms and 2 bathrooms, large windows throughout, and a huge private balcony with clear, open views. Includes its own private laundry and dedicated furnace. The second floor is currently configured with 5 bedrooms.

Property Details

  • For: For Sale
  • Type: Triplex
  • Style: 2-Storey
  • Lot: 37.51 x 103.12 Feet
  • Region: Durham
  • Hood: Central
  • Zoning: n/a
  • Lot Irreg: Fronting on: East
  • Fronting On: East

Building Details

  • Age: 0-5 Years
  • Exterior: Other
  • Heat: Gas , Forced Air
  • A/C: Central Air
  • Interior Features: Carpet Free
  • Pool: None
  • Sewer: Sewer
  • Garage: None
  • Total Parking: 3.00
  • Driveway: Available

Property Interior

  • Sqft: 2500-3000 Sqft
  • Bed: 9
  • Bath: 6
  • Kitchen: 3
  • Family Room: No
  • Basement: Apartment, Walk-Up, Separate Entrance, Finished
Property Listed by: HOMELIFE LANDMARK REALTY INC.
Virtual Tour: n/a

Home Valuation Estimate

What is 489 DREW Street, Oshawa, ON worth in today’s Central, Oshawa market?

This HomeZira valuation preview helps buyers and sellers think through the asking price for this 9-bedroom Triplex with 2500-3000 sq. ft. in Central, Oshawa. The full estimate reviews the property’s location, home type, bedroom count, size range, age, and nearby comparable market activity after sign-in.

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Location

  • Address: 489 DREW Street
  • Neighborhood: Central
  • Zip/Postal Code: L1H 5B8
  • Nearby Amenities:
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About 489 DREW Street, Oshawa, ON L1H 5B8, Oshawa

Located at 489 DREW Street, Oshawa, ON in Oshawa (Central neighbourhood), near Olive Ave/Ritson Rd S. This freehold home offers Triplex, ["2-Storey"], 9 bedrooms, 6 bathrooms and 2500-3000 sq.ft. (approx.) in a layout suited to everyday family living. Basement: Apartment, Walk-Up, Separate Entrance, Finished • 3 parking spots • Garage: None • Heating: Gas Forced Air • Cooling: Central Air. Property taxes are approximately $8,500 for 2025. OFFER ANYTIME! Exceptional Investment Opportunity in the Heart of Oshawa! This spacious purpose-built-style triplex offers outstanding income potential with 3 self-contained units, each featuring its own private entrance, separate hydro meter, individual furnace, private laundry, modern kitchen, 3 bedrooms and 2 bathrooms - providing a total of 9 bedrooms and 6 bathrooms.Designed with functionality and natural light in mind, the property features large windows throughout. The second-floor unit offers an oversized private balcony with an open view, while the main-floor unit features a beautiful deck overlooking the backyard. The lower-level unit boasts large windows, creating a bright and inviting living space with abundant natu.

FAQs for 489 DREW Street, Oshawa, ON , Central , Oshawa

What are the listing details for 489 DREW Street, Oshawa, ON?
489 DREW Street, Oshawa, ON is a Triplex for sale in Oshawa, in the Central neighbourhood, Durham. The current list price is $1,248,000. MLS number: E14140620.
How many bedrooms and bathrooms does this home have?
489 DREW Street, Oshawa, ON is listed as a Triplex with a ["2-Storey"] style, featuring 9 bedroom(s) and 6 bathroom(s). The listed interior size range is 2500-3000 sq. ft..
What lot, basement, garage, or parking details are listed?
The lot size is listed as approximately 37.51 x 103.12 Feet. The basement is listed as: Apartment, Walk-Up, Separate Entrance, Finished. Garage type: None. Total parking: 3 space(s).
What heating, cooling, and exterior details are shown?
Heating is listed as: Gas, Forced Air. Cooling is listed as: Central Air. Exterior/construction materials are listed as: Other.
Where is this property located?
489 DREW Street, Oshawa, ON is located in the Central neighbourhood of Oshawa. The listed cross street is Olive Ave/Ritson Rd S.
What information is available on this public listing page?
The public listing page shows current active listing information, property photos, room details when available, map location, listed price, property features, and contact options. Annual taxes are listed as $8,500 / 2025. Valuation tools and similar sold-property previews are available after sign-in where applicable, without displaying sold data in this public FAQ.

FAQ content is based on current active listing fields shown on this page. Sold prices, sold comparables, and VOW-only details are not included in this public FAQ.