26 Whiting Avenue No longer available

Oshawa, Lakeview, L1H 3T3

$2,100,000

Description

Listed by RE/MAX EPIC REALTY.

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.

Location

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  • Address: 26 Whiting Avenue
  • Neighborhood: Lakeview
  • City: Oshawa
  • State: Ontario
  • Postal Code: L1H 3T3

Property Details

  • Property ID: E9258458
  • Property Price: $2,100,000
  • Style: Detached, 2-Storey
  • Rooms: 14
  • Bedrooms: 3+2
  • Bath: 4
  • Parking Spaces: 4
  • A/C: Central Air
  • Basement: Apartment
  • Central Vac.: N
  • Den: Y
  • Exterior: Alum Siding
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $5,036.91 (2023)
  • Acreage: 10-24.99 Acres
  • Lot: 201.49x117.94 (Feet) - 109.42' Rear;115.79'+46.54' West *

Room details and dimensions

Statistics for similar Detached homes in Lakeview

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Detached homes in Lakeview

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Detached homes in Lakeview

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100