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BEDROOMS2
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Property Description
Attention investors, developers, builders, and visionaries! Exceptional development opportunity just 1.4 km from University of Ontario Tech (UOIT). This rare 2.28-acre parcel of land in North Oshawa comes with an income-generating bungalow at its heart. This property can be sold with neighboring 1478 Simcoe St North, a detached 4 bedroom home boasting a huge 50x250 lot, expanding your footprint and enjoying a combined frontage of over 147' on prized Simcoe St North. Positioned within the Medium Density II designation of the Samac Secondary Plan, this property offers the potential for 60-85 units per hectare*, making it a prime location for multi-unit residential development. Don't miss out on this incredible opportunity to shape the future of this thriving community!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-11-20 | 2024-03-12 | 113 | $2,599,000 | - | Suspended |
| 2023-03-24 | 2023-04-02 | 9 | $2,950 | $2,950 | Leased |
| 2023-02-25 | 2023-02-28 | 3 | $2,750 | - | Suspended |
| 2021-08-24 | 2021-08-27 | 4 | $2,575 | $2,575 | Leased |
| 2021-04-21 | 2021-06-11 | 51 | $1,950,000 | $1,818,939 | Sold |
Extras
Unbeatable location, minutes away from great schools, grocery, public transit, and green space and more. Found in an area of intensification, new development, and growth.
Nearby Intersections
Property Features
Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Acreage
2-4.99
Lot Irregularities
Irregular "T" Shape *Site 2.28 Acre Geow
Fronting
West
Taxes
$7,253 (2024)
Basement
Finished
Exterior
Alum Siding
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
10
Driveway
Private
Garage Type
Attached
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Oshawa Market Statistics
Oshawa Price Trend
1482 Simcoe St N is a 3-bedroom 2-bathroom home listed for sale at $2,399,000, which is $1,615,188 (206.1%) higher than the average sold price of $783,812 in the last 30 days (March 29 - April 27). During the last 30 days the average sold price for a 3 bedroom home in Oshawa declined by $7,515 (0.9%) compared to the previous 30 day period (February 28 - March 28) and down $36,357 (4.4%) from the same time one year ago.Inventory Change
There were 162 3-bedroom homes listed in Oshawa over the last 30 days (March 29 - April 27), which is down 13.8% compared with the previous 30 day period (February 28 - March 28) and up 8.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Oshawa typically sold $35,280 (4.5%) above asking price over the last 30 days (March 29 - April 27), which represents a $21,354 decrease compared to the previous 30 day period (February 28 - March 28) and $62,575 less 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 3-bedroom homes in Oshawa over the last 30 days (March 29 - April 27) stood at 80.2%, up from 77.1% over the previous 30 days (February 28 - March 28) and up from 75.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Oshawa stood at 10 days when successfully sold over the last 30 days (March 29 - April 27), compared to 24 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife Excelsior Realty Inc.
Similar Listings
Welcome To This All-Brick Raised Bungalow Siting On An Expansive 19+ Acres Of Land. The Home Boasts 3 Bedrooms And 2 Bathrooms, With An Open-Concept Main Level That Showcases Beautiful Hardwood Flooring. Additional Features Include A Convenient Laundry Room And A Spacious Rec Room. This Property Is Ideally Located Just A Short Drive From Highway 407, Providing Easy Access To Transportation Routes. Nearby, You'll Find Both Private And Public Schools, As Well As The Columbus Country Golf Club. Outdoor Enthusiasts Will Appreciate The Proximity To Dagamar And Lakeridge Ski Resorts, Along With A Network Of Amazing Trails Waiting To Be Explored!
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