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    For Sale - 137 Simcoe Street, Oshawa, Ontario

    Est payment $0/mo
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    Time on Jump  9 day

    AI Summary *

    • 0.67-acre site available for various development opportunities in downtown Oshawa.
    • Walking distance to major amenities like health center and educational institutions.
    • Zoning in place allows for potential construction of a large apartment building.
    • Current income stream from existing properties supports development financing.
    • No development charges for apartment rental housing in downtown Oshawa.




    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. **extras** location of this property could not be better with transit and proximity to hospital. The time could not be better to acquire and develop in downtown oshawa. Good rental income in place while development application is in process.
    Listing IDE12914942
    Address137 Simcoe Street
    CityOshawa, Ontario
    Price$1
    StyleLand
    TypeVacant Land
    StatusFor Sale

    Subtype LandSewer Sanitary+Storm

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    Listing Agency:  RE/MAX JAZZ INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    137 Simcoe Street
    Oshawa , Ontario
    $1
    Get more info