26 Whiting Avenue , Oshawa, ON L1H 3T3
Oshawa, ON L1H 3T3
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.
Details
| MLS# | E9258458 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Price Change |
| Days On Site | 149 |
| Listing Provided By | RE/MAX EPIC REALTY | Not Provided |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
Request a showing
Request a showing
Contact
Learn More About This Property
| State | ON |
|---|---|
| County | Durham |
| City | Oshawa |
| Zip Code | L1H 3T3 |
| Area | Lakeview |
| Listing VS Median (in L1H 3T3) | |
Price: $2,100,000 low | high Med: $0 On Site: 149 low | high Med: | |