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. Contact us today for more information and to explore this promising venture! **** EXTRAS **** Existing Appliances In All 3 Units ( 3 Fridges, 3 Stoves) Washer & Dryer, Existing Electric Light Fixtures, Existing Window Coverings (id:51532)
| Property Summary |
|---|
| Building |
|---|
| Land |
|---|
| Level | Rooms | Dimensions |
|---|---|---|
| Second level | Bedroom | 3.7 m x 3.5 m |
| Bedroom | 3.67 m x 2.44 m | |
| Bedroom | 3.34 m x 2 m | |
| Basement | Living room | 4.5 m x 6.1 m |
| Kitchen | 5.4 m x 2.4 m | |
| Bedroom | 2.3 m x 2.7 m | |
| Main level | Living room | 4.5 m x 6.1 m |
| Dining room | 3.25 m x 3.1 m | |
| Kitchen | 5.4 m x 2.5 m | |
| Upper Level | Living room | 2.4 m x 6.4 m |
| Kitchen | 2.6 m x 2.9 m | |
| Bedroom | 3.67 m x 2.44 m |
| Features | |||||
|---|---|---|---|---|---|
| Level lot | Wooded area | Ravine | |||
| Conservation/green belt | Apartment in basement | Central air conditioning | |||
