489 DREW Street, Oshawa, ON L1H 5B8
Central, Oshawa · Near Olive Ave/Ritson Rd S · View map
About this home
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
The home
- Type
- Triplex
- Style
- 2-Storey
- Square footage
- 2500-3000 sq ft
- Bedrooms
- 9
- Bathrooms
- 6
- Kitchens
- 3
- Rooms
- 15
- Basement
- Apartment, Walk-Up, Separate Entrance, Finished
- Lot size
- 37.5 x 103.1 ft
- Faces
- East
- Approximate age
- 0-5 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 3
- Total parking
- 3
- Parking features
- Available
Taxes & other
- Property taxes
- $8,500/yr
- Tax year
- 2025
- Occupancy
- Owner+Tenant
- Possession
- TBA
- Cross street
- Olive Ave/Ritson Rd S
- Neighbourhood
- Central
More
- Price per sq ft
- ~$454 (at 2,750 sq ft)
- MLS® number
- E14140620
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The home and its surroundings
- Carpet Free
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
489 DREW Street, Oshawa, ON L1H 5B8
Central, Oshawa · Near Olive Ave/Ritson Rd S
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Listing history for 489 DREW Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 489 DREW Street
Answers come straight from this home’s MLS® listing.
How much is 489 DREW Street listed for, and what would it cost each month?
489 DREW Street is listed for $1,248,000. With 20% down ($249,600), the mortgage payment would be roughly $5,034 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,742 a month, all in. That figure is an illustration, not a quote.
Is 489 DREW Street freehold or a condo, and is there a monthly fee?
489 DREW Street is a triplex in Central, Oshawa. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 489 DREW Street have?
489 DREW Street has 9 bedrooms and 6 bathrooms. The listing gives the style as 2-storey.
Does 489 DREW Street have a garage and parking?
The listing does not show a garage. The driveway adds 3 spaces. In total the listing counts 3 parking spaces.
Does 489 DREW Street have a finished basement?
The listing describes the basement as apartment, walk-up, separate entrance, finished. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 489 DREW Street?
489 DREW Street is a triplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 489 DREW Street, and what is the lot size?
The listing puts the home between 2,500 and 3,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 37.5 x 103.1 ft.
How is 489 DREW Street heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 489 DREW Street?
Property taxes are $8,500 a year (2025), or about $708 a month.
Where is 489 DREW Street?
489 DREW Street is in the Central community of Oshawa. The nearest main intersection is Olive Ave/Ritson Rd S. The postal code is L1H 5B8.
Is 489 DREW Street still for sale?
Yes. It is an active listing (MLS® E14140620). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 489 DREW Street asking?
Similar properties for sale nearby right now include 491 Drew Street at $1,288,888 (5 bed), 393 King Street E at $1,099,999 (8 bed) and 287 Verdun Road at $998,000 (4+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 489 DREW Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 489 DREW Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Central, picked by style, size and price.
Triplex$1,288,888491 Drew Street, Oshawa5 bed · 4 bath · CentralCourtesy of: HOMELIFE LANDMARK REALTY INC.View home →
Multiplex$1,099,999393 King Street E, Oshawa8 bed · 5 bath · CentralCourtesy of: RE/MAX EXPERTSView home →
Duplex$998,000287 Verdun Road, Oshawa4+1 bed · 3 bath · CentralCourtesy of: THE REALTY MARKET INCView home →Courtesy of: HOMELIFE LANDMARK REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.