26 Whiting

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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:39198)

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Additional media

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Property taxes

$5,036.91 per year / $419.74 per month

Basement

Apartment in basement, N/A

Year build

-

Type

Single Family

Bedrooms

4 + 1

Bathrooms

4

Parking spots

4 Total

Floor

Hardwood, Laminate, Carpeted

Balcony

-

Pool

-

External material

Aluminum siding

Roof type

-

Lot frontage

-

Lot depth

-

Heating

Forced air, Natural gas

Fire place(s)

-