$3,500,000
Available - For Sale
Listing ID: E8417264
349 King St West , Oshawa, L1J 2J8, Ontario
| 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. Property is next to an assembly of 5 residential properties on 0.41 Acre at the Corner of Grenfell St. and Pine St. (344 Pine St.). Residential land assembly also for sale. 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 |
| Price | $3,500,000 |
| Taxes: | $28750.79 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 349 King St West , Oshawa, L1J 2J8, Ontario |
| Postal Code: | L1J 2J8 |
| Province/State: | Ontario |
| Legal Description: | PT LT 43 PL 178 EAST WHITBY AS IN D54417 |
| Lot Size: | 105.84 x 300.20 (Feet) |
| Directions/Cross Streets: | Grenfell / King St W |
| Category: | Designated |
| Total Area: | 0.85 |
| Total Area Code: | Acres |
| Sewers: | San+Storm |
| Water: | Municipal |
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| ROYAL LEPAGE FRANK REAL ESTATE |
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Mina Nourikhalichi
Broker
Dir:
416-882-5419
Bus:
905-731-2000
Fax:
905-886-7556
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At a Glance:
| Type: | Com - Land |
| Area: | Durham |
| Municipality: | Oshawa |
| Neighbourhood: | Vanier |
| Lot Size: | 105.84 x 300.20(Feet) |
| Tax: | $28,750.79 |
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