5
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$3,500,000
Est. payment /mo
Active
349 King ST W Oshawa, ON L1J 2J8
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Vanier
MLS Listing ID E8417264
Annual Tax Amount $28,750
Tax Year 2023
Property Sub-Type Investment
Property Description
Exceptional Development Opportunity 1 block east of the Oshawa Shopping Centre - the largest enclosed mall in Durham Region. High Profile Corner of King and Grenfell Street. 37,000 SQ FT (0.85 Acre) Parcel with Good Holding Income from 2 Buildings. 349 King St. W. is a 2,000 SQ FT Building With Long Term Tenant. 25 Grenfell St. is an 8,700 SQ FT Commercial / Residential Building. Ground floor Commercial Portion (6,569 SQ FT) - Vacant, 2nd Floor Residential apartments (2,214 SQ FT) - Tenanted. Buyer To Conduct Their Own Due Diligence however Preliminary review of the site by by Planning Consultant Indicates Potential for an 8 - 11 Storey Building with a GFA of 150,000 - 165,000 SQ. FT. Property to the west at 400 King St. W. Was Recently approved to permit a 20-Storey Mixed Use Commercial / Residential development. Dynamite opportunity for a savvy investor to buy, hold, rezone and collect holding income
Location
Province ON
County Durham
Community Vanier
Area Durham
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 105.84
Lot Depth 300.2
Listed by ROYAL LEPAGE FRANK REAL ESTATE