ON > Oshawa > Lakeview
Oshawa, ON L1H 4V8,827 Gordon ST
Oshawa, ON L1H 4V8,827 Gordon ST
Oshawa, ON L1H 4V8,827 Gordon ST
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$7,880,000
Est. payment /mo
2 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 2 sqft

Price per Sqft $3,940,000

Subdivision Lakeview

MLS Listing ID E12053333

Annual Tax Amount $25,675

Tax Year 2024

Property Sub-Type Office

Lot Depth 2.98

Lot Front 363.56

Property Description

Welcome to 827 Gordon Street, Oshawa A Premium Investment Opportunity. This property spans 2.98 acres and offers great future development potential. Zoned Residential, the existing building is a fully leased commercial space currently operating as a Music Studio, with over 40 individual rental units. All units are occupied on a month-to-month basis, ensuring steady and reliable cash flow from a diverse tenant base. The property exciting future proposal includes the development of 67 townhomes on the excess land. A Site Plan Application has already been submitted to the city, and awaiting final approval and permits. The new owner can continue advancing the development process while enjoying ongoing income from the music studio, either as a short-term or long-term investment. Additionally, while the building is heritage designated, the rear addition is not part of the designation and can be demolished, offering flexibility for future development. Whether you're seeking immediate returns or long-term growth, this property offers a unique blend of both.

Location

Province ON

County Durham

Community Lakeview

Area Durham

Zoning Residentail

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 363.56

Lot Depth 2.98

Others

Security Features Yes

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Listed by PRIME GROUP REALTY INC.

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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