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$ 2,100,000
Est. payment /mo
Active
26 Whiting AVE Oshawa, ON L1H 3T3
5 Beds
4 Baths
10 Acres Lot
UPDATED:
02/04/2025 06:58 PM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Subdivision Lakeview
MLS Listing ID E9258458
Style 2-Storey
Bedrooms 5
Annual Tax Amount $5,036
Tax Year 2023
Lot Size 10.000 Acres
Property 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.
Location
State ON
County Durham
Community Lakeview
Area Durham
Zoning Land
Rooms
Family Room Yes
Basement Apartment
Kitchen 3
Separate Den/Office 2
Interior
Interior Features None
Cooling Central Air
Exterior
Parking Features Private
Garage Spaces 4.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 117.94
Lot Depth 201.49
Total Parking Spaces 4
Building
Lot Description Irregular Lot
Foundation Concrete
Listed by RE/MAX EPIC REALTY