About 26 Whiting Avenue
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.
Features of 26 Whiting Avenue
| MLS® # | E9258458 |
|---|---|
| Price | $2,500,000 |
| Bedrooms | 3 |
| Extra Bedrooms | 2 |
| Bathrooms | 4.00 |
| Acres | 10-24.99 |
| Type | Residential Freehold |
| Sub-Type | Detached |
| Style | 2-Storey |
| Status | Active |
Community Information
| Address | 26 Whiting Avenue |
|---|---|
| Area | Durham |
| Subdivision | Lakeview |
| City | Oshawa |
| Province | ON |
| Postal Code | L1H 3T3 |
Amenities
| Features | Existing Appliances In All 3 Units ( 3 Fridges, 3 Stoves) Washer & Dryer, Existing Electric Light Fixtures, Existing Window Coverings |
|---|---|
| Parking Spaces | 4 |
| Garages | None |
| Is Waterfront | No |
| Pool | None |
| # of Kitchens | 3 |
| Has Family Room | Yes |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Basement | Apartment |
Exterior
| Exterior | Aluminum Siding |
|---|
Additional Information
| Taxes | $5,036.91 |
|---|---|
| Fronting On (NSEW) | North |
| Driveway | Private |
| Maintenance Fee | $0.00 |
| Directions/Intersection | Simcoe St. S. & Whiting |
| Has Locker | No |
| Days On Website | 53 |
Listing Details
| Office | RE/MAX EPIC REALTY |
|---|