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BEDROOMS3
BATHROOMS1
KITCHENS10 + 4
ROOMSE11943120
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Property Description
Attention Investors, Developers, Builders, and Visionaries!Discover an exceptional development opportunity just 1.4 km from the University of Ontario Institute of Technology (UOIT). This spacious 4-bedroom detached home sits on a large 50x250 ft lot, offering tremendous potential for redevelopment with RENTAL INCOME IN PLACE! Located within the Medium Density II designation of the Samac Secondary Plan, this site offers the potential for 60 to 85 units per hectare, making it an ideal choice for multi-unit residential development.Dont miss this rare chance to expand your footprint and transform the future of this thriving community. Opportunities like this are few and far between!! Seize the moment!
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Extras
Fridge/Stove/Dishwasher/Washer-Dryer/A/C all Elfs
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
50' x 250'
Fronting
West
Taxes
$5,000 (2024)
Basement
Finished
Exterior
Stone, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
5
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 12.37' x 12.40' | |
| Dining | Main | 10.27' x 10.40' | |
| Living | Main | 13.22' x 11.65' | |
| Office | Main | 11.12' x 8.30' | |
| Prim Bdrm | 2nd | 12.99' x 11.58' | |
| 2nd Br | 2nd | 10.66' x 10.07' | |
| 3rd Br | 2nd | 10.04' x 9.71' | |
| 4th Br | 2nd | 9.35' x 9.35' | |
| Great Rm | Bsmt | 12.30' x 19.78' | |
| Br | Bsmt | 10.63' x 11.78' |
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Oshawa Market Statistics
Oshawa Price Trend
1478 Simcoe St N is a 4-bedroom 3-bathroom home listed for sale at $3,180,000, which is $2,260,625 (245.9%) higher than the average sold price of $919,375 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 4 bedroom home in Oshawa declined by $91,595 (9.1%) compared to the previous 30 day period (November 19 - December 18) and down $48,855 (5.0%) from the same time one year ago.Inventory Change
There were 49 4-bedroom homes listed in Oshawa over the last 30 days (December 19 - January 17), which is down 31.0% compared with the previous 30 day period (November 19 - December 18) and up 28.9% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Oshawa typically sold ($11,765) (1.3%) below asking price over the last 30 days (December 19 - January 17), which represents a $8,776 increase compared to the previous 30 day period (November 19 - December 18) and ($32,124) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Oshawa over the last 30 days (December 19 - January 17) stood at 65.3%, up from 62.0% over the previous 30 days (November 19 - December 18) and down from 68.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Oshawa stood at 35 days when successfully sold over the last 30 days (December 19 - January 17), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Lsg Realty Inc.
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