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    For Sale - 164 Albert Street, Oshawa, Ontario

    Est payment $2,881/mo
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    Time on Jump  23 day

    AI Summary *

    • Prime location in Central Oshawa with redevelopment potential.
    • Current two-unit dwelling offers immediate holding income.
    • Zoned for a variety of residential developments, including apartments.
    • Future CO-C zoning supports mixed-use developments and urban growth.
    • Potential for land severance and comprehensive redevelopment options.




    Prime redevelopment opportunity in a strategic central oshawa location. The subject property is currently improved with a registered legal two-unit dwelling, complete with separate hydro services and dual gas meters, providing holding income during planning and entitlement phases. The existing configuration includes a 3-bedroom main unit and a bachelor-style secondary apartment. The city of oshawa has confirmed the property is presently zoned r2/r3-a/r5-c/r6-b/r7-a(residential), permitting a wide spectrum of residential intensification, ranging from single detached dwellings to apartment buildings. Under the existing residential zoning, there may be potential for land severance and redevelopment into multiple single detached dwellings, subject to municipal approvals and possible minor variances for frontage and/or lot area. Further enhancing the long-term upside, city council has approved city-initiated amendments tore zone the property to co-c (central oshawa). The proposed co-c zoning supports a higher-order, mixed-use development framework, allowing for apartment buildings, rental flats, professional offices (excluding clinics), personal service establishments, restaurants, retail uses, daycare centres, schools, and other complementary uses. These amendments are currently under provincial review, and timelines for final approval remain unknown. As currently structured, any redevelopment proposal must align with both the existing residential zoning permissions and the approved central oshawa zoning framework. While traditional severance may be achievable under the current zoning, the future co-c designation signals a shift toward more comprehensive redevelopment and urban intensification rather than simple lot splits.
    Listing IDE12866066
    Address164 Albert Street
    CityOshawa, Ontario
    Price$599,900
    Bed / Bath3 / 3 Full
    Style2-Storey, Detached
    ConstructionBrick
    Land Size5941.67
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Accessory ApartmentOutdoor Features PorchOwnership FreeholdViews ClearBasement UnfinishedFoundation StoneHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 3.00
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    Listing Agency:  RE/MAX WEST REALTY 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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    164 Albert Street
    Oshawa , Ontario
    3 3 $599,900
    Get more info