Attention Builders, Developers, and Investors! This prime development site in Oshawa is zoned R3-A/R5-B (Residential, allowing for the construction of a 25-unit apartment building. Situated in a neighborhood with high rental rates and no rent control on new constructions, this location offers a lucrative opportunity for long-term investment. The property is surrounded by multi-residential apartments, ensuring strong demand for new units. Current rental income of $5,500 per month helps to mitigate carrying costs while the project progresses through the approval stages. The City of Oshawa is already aware of the project, facilitating a smoother approval process. Take advantage of this exceptional opportunity to secure substantial returns on your investment.
Property Type:
Freehold
Freehold Type:
Detached
Home Style:
2-Storey
Lot Size:
10-24.99
Depth:
201'5⅞"61.4 m
Frontage:
117'11"35.9 m
Exposure:
North
Bedrooms:
3+2
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
3
Rooms:
14
Zoning:
Land
Heating type:
Forced Air
Heating Fuel:
Gas
Basement:
Apartment
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0
Parking Spaces:
4
Total Parking Spaces:
4
Driveway:
Private
Family Room:
Y
Possession Details:
TBA
Lot Irregularities:
109.42' Rear;115.79'+46.54' West *
Link:
No
Taxes:
$5,036.91 /
2023
Assessment:
$366,000.00 /
2024
Floor
Type
Size
Other
Main
Living
20'6.10 m × 14'10"4.50 m
Hardwood Floor, Picture Window, Open Concept
Main
Dining
10'8"3.25 m × 10'2"3.10 m
Hardwood Floor, Combined W/Living, Window
Main
Kitchen
17'8"5.40 m × 8'2"2.50 m
Hardwood Floor, Centre Island, W/O To Garden
2nd
Br
12'1"3.70 m × 11'6"3.50 m
Broadloom, Closet, Window
2nd
Br
12'3.67 m × 8'⅛"2.44 m
Broadloom, Closet, Window
2nd
Br
11'3.34 m × 6'7"2.00 m
Broadloom, Closet, Window
Upper
Living
21'6.40 m × 7'10½"2.40 m
Laminate, Open Concept, Window
Upper
Kitchen
9'6⅛"2.90 m × 8'6"2.60 m
Laminate, Open Concept, Window
Upper
Br
12'3.67 m × 8'⅛"2.44 m
Laminate, Closet, Window
Bsmt
Living
20'6.10 m × 14'10"4.50 m
Laminate, Open Concept, Window
Bsmt
Kitchen
17'8"5.40 m × 7'10½"2.40 m
Laminate, Open Concept, Combined W/Kitchen
Bsmt
Br
8'10"2.70 m × 7'7"2.30 m
Laminate, W/I Closet, 4 Pc Bath
Floor
Ensuite
Pieces
Other
Ground
-
2
2nd
-
4
X2
Bsmt
-
4
Grnbelt/Conserv, Level, Public Transit, Ravine, River/Stream, Wooded/Treed
Lakeview
Existing Appliances In All 3 Units ( 3 Fridges, 3 Stoves) Washer & Dryer, Existing Electric Light Fixtures, Existing Window Coverings.
Data was last updated November 23, 2024 at 11:55 PM (UTC)
Area Statistics
Listings on market:
26
Avg list price:
$709,900
Min list price:
$549,900
Max list price:
$2,100,000
Avg days on market:
25
Min days on market:
1
Max days on market:
284
These statistics are generated based on the current listing's property type
and located in
Lakeview. Average values are
derived using median calculations.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Toronto Regional Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.