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$2,500,000
3+2-Bed
4-Bath
Listed on 8/14/24
Listed by RE/MAX EPIC REALTY
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.
Existing Appliances In All 3 Units ( 3 Fridges, 3 Stoves) Washer & Dryer, Existing Electric Light Fixtures, Existing Window Coverings
To view this property's sale price history please sign in or register
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E9258458
Detached, 2-Storey
14
3+2
4
4
Central Air
Apartment
Y
Alum Siding
Forced Air
N
$5,036.91 (2023)
10-24.99 Acres
201.49x117.94 (Feet) - 109.42' Rear;115.79'+46.54' West *
