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1418 Simcoe Street S
Lakeview Durham L1H 4M4

$1,825,000 /For Sale
Commercial

Main Photo: 1418 Simcoe Street S in Durham: Lakeview Commercial for sale (Oshawa)  : MLS®# E12119490
Photo 1: 1418 Simcoe Street S in Durham: Lakeview Commercial for sale (Oshawa)  : MLS®# E12119490
Photo 2: 1418 Simcoe Street S in Durham: Lakeview Commercial for sale (Oshawa)  : MLS®# E12119490
Photo 3: 1418 Simcoe Street S in Durham: Lakeview Commercial for sale (Oshawa)  : MLS®# E12119490
Photo 4: 1418 Simcoe Street S in Durham: Lakeview Commercial for sale (Oshawa)  : MLS®# E12119490
Photo 5: 1418 Simcoe Street S in Durham: Lakeview Commercial for sale (Oshawa)  : MLS®# E12119490
Photo 6: 1418 Simcoe Street S in Durham: Lakeview Commercial for sale (Oshawa)  : MLS®# E12119490
Photo 7: 1418 Simcoe Street S in Durham: Lakeview Commercial for sale (Oshawa)  : MLS®# E12119490
Photo 8: 1418 Simcoe Street S in Durham: Lakeview Commercial for sale (Oshawa)  : MLS®# E12119490
Photo 9: 1418 Simcoe Street S in Durham: Lakeview Commercial for sale (Oshawa)  : MLS®# E12119490
Photo 10: 1418 Simcoe Street S in Durham: Lakeview Commercial for sale (Oshawa)  : MLS®# E12119490
Photo 11: 1418 Simcoe Street S in Durham: Lakeview Commercial for sale (Oshawa)  : MLS®# E12119490
Photo 12: 1418 Simcoe Street S in Durham: Lakeview Commercial for sale (Oshawa)  : MLS®# E12119490
Photo 13: 1418 Simcoe Street S in Durham: Lakeview Commercial for sale (Oshawa)  : MLS®# E12119490
Photo 14: 1418 Simcoe Street S in Durham: Lakeview Commercial for sale (Oshawa)  : MLS®# E12119490
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E12119490
Bus Major:
Apts - 6 To 12 Units
Calling All Investors!! A fantastic investment opportunity. Prime Location, Low Vacancy and Amazing Cash Flow Potential. Welcome to an exceptional investment opportunity nestled in a vibrant community! A remarkable three-storey building featuring six generously sized 2-bedroom, 1-bathroom suites. Each suite boasts approx. 900square feet of modern living space. With an open concept layout, ensuite washer/dryer, and stainless steel appliances, these residences epitomize urban living at its finest. Separately Metered. Tenants Pay Their Own Heat & Hydro. Each suite has A/C. Double Entrance to Suite from South or North Staircase. Landlord Pays for Water & Property Maintenance. Above Ground Parking. Assumable Mortgage at an Unbelievable rate of 2.76%! Act now and seize the potential for lucrative returns! Walking distance to Lakeview Park, Walking Trails, Ed Broadbent Waterfront Park, and Oshawa Harbour, for an array of recreational activities and scenic waterfront views. Property/Units are Tenanted and Must Be Assumed.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
6-15
Total Area:
197 sq. ft. Square Meters
Total Area:
196.8 sq. ft.
Depth:
132'6"
Frontage:
71'
Water supply:
Municipal
Zoning:
R2/R6-B, OSP
Heating type:
Gas Forced Air Open
Garage:
None
Parking Spaces:
8
Possession Details:
TBD
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$14,646.72 / 2024
Assessment:
$- / -
Oshawa
Lakeview
Durham
No
Hot Water Tank
Refrigerator, Stove, Washer/Dryer, Dishwasher, Lighting Fixtures, Window Coverings.
Tenant Belongings.
None
Utilities:
Yes
Sewers:
Sanitary+Storm
Air Conditioning:
Yes
Seller Property Info Statement:
No
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
May 02, 2025
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE FRANK REAL ESTATE
Data was last updated May 4, 2025 at 05:15 PM (UTC)
DARYL  KING
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Owning an apartment building for sale provides unique advantages:

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

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Typically, any property with five or more units is classified as an apartment building for investment purposes.

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You can find listings across major cities and growing suburbs where rental demand remains strong.