$ 2,100,000
26 Whiting AVE Oshawa, ON L1H 3T3
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,100,000
Est. payment /mo
Price Dropped by $400K
26 Whiting AVE Oshawa, ON L1H 3T3
3 Beds
4 Baths
10 Acres Lot
UPDATED:
10/25/2024 01:11 AM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
MLS Listing ID E9258458
Style 2-Storey
Bedrooms 3
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
Province ON
County Durham
Area Lakeview
Rooms
Family Room Yes
Basement Apartment
Kitchen 3
Separate Den/Office 2
Interior
Interior Features None
Heating Yes
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Garage Private
Garage Spaces 4.0
Pool None
Waterfront No
Roof Type Asphalt Shingle
Total Parking Spaces 4
Building
Lot Description Irregular Lot
Unit Features Greenbelt/Conservation,Level,Public Transit,Ravine,River/Stream,Wooded/Treed
Foundation Concrete
Listed by RE/MAX EPIC REALTY
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