489 Drew St is a 9-bedroom, 6-bathroom triplex in Oshawa, listed for $1,248,000. It has 2500-3000 sq ft of living space.
1Exceptional Investment Opportunity in the Heart of Oshawa!
2The second-floor unit offers an oversized private balcony with an open view, while the main-floor unit features a beautiful deck overlooking the backyard.
3The 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.
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
9 bedrooms, 6 bathrooms, about 2,500 sq ft, works out to roughly $499 per square foot. Chat with Zara if you'd like a deeper read on whether this triplex fits your budget and timing.
Inside 489 Drew St
Every detail from the listing, in one place.
Type
Triplex
Style
2-Storey
Living space
2500-3000 sq ftas stated on the listing
Parking
3 spaces
Basement
Apartment, Walk-Up
Features & systems
Parking & garage
Parking spaces
3
Interior
Basement
Apartment · Walk-Up
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Triplex
489 Drew St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® E14140620$1,248,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 489 Drew St Compares to the Oshawa Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$6,131
/mo
based on the purchase price of $1,248,000
$249,600 cash
$998,400 financed
$840,915 total interest
Principal54%$998,400
Interest46%$840,915
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Oshawa
Other 9-bed homes for sale in Oshawa around $1.2M.
Average days on market29Homes sold in about 29 days on average.
Sale-to-list ratio99.3%On average, homes sold below asking.
Active listings782Homes for sale here right now.
Median vs prior 90 days−4.0%Compared with May 6 – Aug 4, 2026: prices down.
Based on 680 sales from Aug 4 – Nov 2, 2026 (539 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 489 Drew St
How much is 489 Drew St listed for?
489 Drew St is listed at $1,248,000 (MLS® E14140620). Summitly updates the price as soon as the MLS® record changes.
Is $1,248,000 a good price for 489 Drew St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Oshawa. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 489 Drew St changed?
No — 489 Drew St is still listed at its original asking price of $1,248,000.
How many bedrooms and bathrooms does 489 Drew St have?
489 Drew St has 9 bedrooms and 6 bathrooms, with about 2,500–3,000 square feet of living space. It is a triplex in Oshawa.
How much would the monthly mortgage be on 489 Drew St?
About $6,131 a month — principal and interest on $1,248,000 with 20% down ($249,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 489 Drew St compare with other homes in Oshawa?
Its asking price of $1,248,000 is about 91% above the median sold price in Oshawa over the last 90 days, $652,000, across 680 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 489 Drew St been sold before?
Summitly has no earlier MLS® sale or lease of 489 Drew St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 489 Drew St?
489 Drew St is in Oshawa, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 489 Drew St been on the market?
489 Drew St was listed today (November 2, 2026).
What is the price per square foot of 489 Drew St?
About $416 to $499 per square foot: the asking price of $1,248,000 over the 2,500–3,000 sq ft the listing gives as its size range.
Does 489 Drew St have parking or a garage?
Yes — the listing gives 3 parking spaces.
Does 489 Drew St have a basement, and is it finished?
The listing describes the basement as: Apartment, Walk-Up.