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: Level lot, Wooded area, Ravine, Conservation/green belt
Last updated on : Thursday 24th of October 2024 10:00:33 PM
Street : 26 WHITING AVENUE
City : Oshawa (Lakeview)
Province : Ontario
Country : Canada
Postal Code : L1H3T3
Property ID : E9258458
Building Type : House, Detached
Property Type : Single Family
Bedrooms : 3 + 2
Bathrooms : 4 + 1
Parking : 4