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Oshawa (lakeview),ON L1H3T3
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Lakeview
MLS Listing ID E9258458
Bedrooms 5
Half Baths 1
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. **** EXTRAS **** Existing Appliances In All 3 Units ( 3 Fridges, 3 Stoves) Washer & Dryer, Existing Electric Light Fixtures, Existing Window Coverings. (id:24570)
Location
Province ON
Interior
Heating Forced air
Cooling Central air conditioning
Flooring Laminate,Hardwood,Carpeted
Exterior
Garage No
Waterfront No
View Y/N No
Building
Story 2
Sewer Sanitary sewer