563 Ritson Rd S

Central, Oshawa, L1H 5K6
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563 Ritson Rd S, Oshawa
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2 + 1
BEDROOMS
3
BATHROOMS
2
KITCHENS
9 + 1
ROOMS
E3778171
MLSID
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Property Description
Investment Property With Over $4000 Income, Fully Renovated In 2013, 1000 Sq Ft Main Floor Middle Eastern Fine Food Restaurant Established Since 2008, With New Kitchen And New Equipment. Good For 26 Seats Indoor & 12 Outdoor On Patio. This Restaurants Is Very Well Known In Oshawa And Surrounding Area, Open 5 Days A Week (11Am To 6Pm) With Potential Yearly Sale Of Over $520,000. With 800 Sq Ft Full Basement With 2 Washrooms, 4 Minutes Away From Durham College
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-01-03 2022-04-30 117 $1,900 - Expired
Extras
Busy Location 10 Mins Away From Durham College Potential Higher Income If Open Doors For Extended Hours (Current 5 Days, 11Am -6Pm) Outdoor Parking Are Available. This Restaurant Is Number 4th Top Best Restaurant In Ontario On Trip Advisor.
Property Features
Hospital, Library, Place Of Worship, Public Transit, School
Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
40' x 105'
Fronting
West
Taxes
$6,800 (2017)
Basement
Finished, Sep Entrance
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
7
Driveway
Private
Garage Type
None
Oshawa Market Statistics
Oshawa Price Trend
563 Ritson Rd S is a 2-bedroom 3-bathroom home listed for sale at $950,000, which is $134,149 (16.4%) higher than the average sold price of $815,851 in the last 30 days (February 27 - March 27). During the last 30 days the average sold price for a 2 bedroom home in Oshawa increased by $13,935 (1.7%) compared to the previous 30 day period (January 28 - February 26) and up $76,230 (10.3%) from the same time one year ago.
Inventory Change
There were 40 2-bedroom homes listed in Oshawa over the last 30 days (February 27 - March 27), which is up 81.8% compared with the previous 30 day period (January 28 - February 26) and up 53.8% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Oshawa typically sold $43,371 (5.3%) above asking price over the last 30 days (February 27 - March 27), which represents a $18,106 decrease compared to the previous 30 day period (January 28 - February 26) and $23,465 more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Oshawa over the last 30 days (February 27 - March 27) stood at 67.5%, down from 81.8% over the previous 30 days (January 28 - February 26) and down from 88.5% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom home in Oshawa stood at 12 days when successfully sold over the last 30 days (February 27 - March 27), compared to 14 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 Heritage Group Ltd., Brokerage
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