26 WHITING AVENUE, Oshawa, Ontario
$2,100,000
- 5 Beds
- 4 Baths
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. (id:23309)
- Listing ID: E9258458
- Property Type: Single Family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 26 WHITING AVENUE in Oshawa Ontario. It was last modified on August 16th, 2024. Contact Peter Guzzo to schedule a viewing or to discover other Oshawa homes for sale.