See all 25 photos
25 photos
REQUEST A TOUR
$1,499,900
Est. payment /mo
4 Baths
8,546 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 8,546 sqft
Price per Sqft $175
Subdivision O'Neill
MLS Listing ID E12145467
Annual Tax Amount $5,497
Tax Year 2025
Property Sub-Type Investment
Lot Depth 131.89
Lot Front 64.83
Property Description
Earn a 6.7% leveraged CAP rate. Potential for vacant possession for Sept 1st. An exceptional investment opportunity for investors and developers/builders in the heart of Downtown Oshawa's Urban Growth Centre Area. This expansive site features an impressive frontage of 64.83 ft and is perfectly zoned for higher-density residential uses, offering significant potential for various development options. Currently, it holds an updated multiplex with a desirable unit mix: 2 two-bedroom units, 1 three-bedroom unit, and 1 bachelor-style apartment, a spacious rear yard and a convenient onsite laundry on the main floor. Each unit is separately metered for hydro and heat. Positioned in Oshawa's dynamic employment and transit hub just steps from the Durham Region Courthouse, the Oshawa Hockey Rink, and other key amenities and transit stops this is an ideal opportunity to contribute to Oshawa's ongoing evolution and secure a reliable rental income in a high-demand, future-forward location.
Location
Province ON
County Durham
Community O'Neill
Area Durham
Zoning R2/R3-A/R6-B/R7-A
Interior
Cooling No
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 64.83
Lot Depth 131.89
Read Less Info
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.