12
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$895,000
Est. payment /mo
Price Dropped by $55K
98 Olive AVE Oshawa, ON L1H 2N9
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Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Central
MLS Listing ID E11941588
Annual Tax Amount $4,653
Tax Year 2024
Lot Size 0.500 Acres
Property Sub-Type Vacant Land
Property Description
PROJECT ALERT!!! Shovel Ready Townhouse Site. Infill Lot Approved for Five Townhouses, Four fronting on Court Street with Front Parking and End Unit with Two-Car Parking off of Olive Avenue. In September 2023 the property was granted several minor variances under City file # A-2023-89 The notice of Decision is attached to listing. Architect Plans attached are not permit approved, but sample of what could be built. This provides permissions for all the deficiencies noted on the site plan drawing. The next steps in the process is as follows: Complete the permit drawings, apply for building permits, and go to construction. Once the foundations are complete, the applicant will need to complete the part lot control process. This will then divide the property into 5 individual saleable townhouses. Shovel Ready sites are hard to find. Townhouses could also be kept as rentals. Site is across the road from Cowan Park and backs onto Michael Starr Trail. Site will be less then 1000 feet down the trail to the Newly Proposed Metrolinx GO Station and a short walk to Downtown. Great opportunity, site has been cleared of previous home and ready to go. Zoning allows for Towns, Apartment, Duplex, Triplex, etc. Get in on the Ground Floor in this Area as it is set to boom with Official Plans moving towards allowing major density around the proposed Metrolinx Transit Hub.
Location
Province ON
County Durham
Community Central
Area Durham
Rooms
Kitchen 0
Interior
Interior Features Other
Exterior
Waterfront Description None
Lot Frontage 86.8
Lot Depth 110.1
Others
Security Features None
Listed by RE/MAX JAZZ INC.