ON > Oshawa > Vanier
Oshawa, ON L1J 2J8,349 King ST W
Oshawa, ON L1J 2J8,349 King ST W
Oshawa, ON L1J 2J8,349 King ST W
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$3,500,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision Vanier

MLS Listing ID E8417264

Annual Tax Amount $28,750

Tax Year 2023

Property Sub-Type Investment

Lot Depth 300.2

Lot Front 105.84

Property Description

Exceptional Development Opportunity 1 block east of the Oshawa Shopping Centre - the largest enclosed mall in Durham Region. High Profile Corner of King and Grenfell Street. 37,000 SQ FT (0.85 Acre) Parcel with Good Holding Income from 2 Buildings. 349 King St. W. is a 2,000 SQ FT Building With Long Term Tenant. 25 Grenfell St. is an 8,700 SQ FT Commercial / Residential Building. Ground floor Commercial Portion (6,569 SQ FT) - Vacant, 2nd Floor Residential apartments (2,214 SQ FT) - Tenanted. Buyer To Conduct Their Own Due Diligence however Preliminary review of the site by by Planning Consultant Indicates Potential for an 8 - 11 Storey Building with a GFA of 150,000 - 165,000 SQ. FT. Property to the west at 400 King St. W. Was Recently approved to permit a 20-Storey Mixed Use Commercial / Residential development. Dynamite opportunity for a savvy investor to buy, hold, rezone and collect holding income

Location

Province ON

County Durham

Community Vanier

Area Durham

Zoning R3-A/R5-A, PSC-A

Interior

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 105.84

Lot Depth 300.2

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Listed by ROYAL LEPAGE FRANK REAL ESTATE

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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