$1
 $0 est/mo Sourced by Back At You

137 Simcoe Street , Oshawa, ON L1G 4S6

Oshawa, ON L1G 4S6

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Description

Attention Developers & Condo Builders. 0.67 Acre Building Site Assembled In Downtown Oshawa with Simcoe St N Frontage. Lots of opportunity, could be rental housing, condo or retirement home. Incredible location within walking distance to Lakeridge Regional Health Centre, Ontario Tech Downtown Campus, Oshawa Golf & Curling Club, Regional Court House, Tribute Communities Centre & All That the revitalized downtown has to offer. NO DEVELOPMENT CHARGES IN DOWNTOWN OSHAWA FOR APARTMENT RENTAL HOUSING. ZONING IS IN PLACE!! This site potentially can build 271 unit apartment building. Zoning allows 1000 units per hectare. Potential building height can be about 74 meters, equal 22-24 stores building. Land owner has working relationships with CMHC mortgage broker, can help arrange up to 95% financing/construction loan for apartment building. Land owner also can provide introduction to bonded builder. Downtown Oshawa Urban Growth Centre identified in the Provincial Growth Plan for the Greater Golden Horseshoe. Site consists of Five properties, 137 and 141 Simcoe St N, 10 Colborne, 14 Colborne & 20 Colborne. Good income stream while developing, Current Gross Income For Four Properties and 11 apartments is $163,200 annually with an NOI of approximately $118,000. Phase 1 ESA and Stage 1 Archeological Study Complete.

Details

MLS#E11926494
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Days On Site28
Listing Provided ByRE/MAX JAZZ INC. | Not Provided

Features

SQ Feet29,185
Acreage0.67
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 5 hours ago
StateON
CountyDurham
CityOshawa
Zip CodeL1G 4S6
AreaO'Neill
Listing VS Median (in L1G 4S6)
Price:
$1
low | high
Med:
$775,000
100% of Average
SqFt:
29,185
low | high
Med:
17,087
91.452801096454% of Average
$ / SqFt:
$0
low | high
Med:
$155
100% of Average
On Site:
28
low | high
Med:
28.000000
100% of Average
Sourced by Back At You
Listing Updated: February 3, 2025 at 1:29:50 AM PST