Size
-
Lot size
2207.75 sqm
Street frontage
N
Possession
TBA
Price per sqm
-
Taxes
$5,036.91 (2023)
Parking Type
-
Style
2-Storey
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Description
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.
EXTRAS: Existing Appliances In All 3 Units ( 3 Fridges, 3 Stoves) Washer & Dryer, Existing Electric Light Fixtures, Existing Window Coverings.
EXTRAS: Existing Appliances In All 3 Units ( 3 Fridges, 3 Stoves) Washer & Dryer, Existing Electric Light Fixtures, Existing Window Coverings.
Broker: RE/MAX EPIC REALTY
MLS®#: E9258458
Property details
Parking:
4
Parking type:
-
Property type:
Detached
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
-
Lot front:
35.97 M
Lot depth:
61.26 M
Listed on:
Aug 15, 2024
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Rooms
| Level | Name | Size | Features |
|---|---|---|---|
Main | Living | 1.4 x 1.9 m | Hardwood Floor, Picture Window, Open Concept |
Main | Dining | 1.0 x 0.9 m | Hardwood Floor, Combined W/Living, Window |
Main | Kitchen | 1.6 x 0.8 m | Hardwood Floor, Centre Island, W/O To Garden |
2nd | Br | 1.1 x 1.1 m | Broadloom, Closet, Window |
2nd | Br | 1.1 x 0.7 m | Broadloom, Closet, Window |
2nd | Br | 1.0 x 0.6 m | Broadloom, Closet, Window |
Upper | Living | 0.7 x 1.9 m | Laminate, Open Concept, Window |
Upper | Kitchen | 0.8 x 0.9 m | Laminate, Open Concept, Window |
Upper | Br | 1.1 x 0.7 m | Laminate, Closet, Window |
Bsmt | Living | 1.4 x 1.9 m | Laminate, Open Concept, Window |
Bsmt | Kitchen | 1.6 x 0.7 m | Laminate, Open Concept, Combined W/Kitchen |
Bsmt | Br | 0.7 x 0.8 m | Laminate, W/I Closet, 4 Pc Bath |
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Instant estimate:
orto view instant estimate
$226,009
lower than listed pricei
High
$1,950,062
Mid
$1,873,991
Low
$1,785,270
