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Property Description
Attention Builders, Developers, and Investors! This prime development site in Oshawa is zoned R3-A/R5-B (Residential, allowing for the construction of a 25-unit apartment building. Situated in a neighborhood with high rental rates and no rent control on new constructions, this location offers a lucrative opportunity for long-term investment. The property is surrounded by multi-residential apartments, ensuring strong demand for new units. Current rental income of $5,500 per month helps to mitigate carrying costs while the project progresses through the approval stages. The City of Oshawa is already aware of the project, facilitating a smoother approval process. Take advantage of this exceptional opportunity to secure substantial returns on your investment.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-12-01 | 2023-01-31 | 61 | $1,195 | - | Terminated |
| 2022-06-02 | 2022-07-06 | 34 | $1,550 | - | Terminated |
| 2022-05-21 | 2022-06-02 | 12 | $1,700 | - | Terminated |
Extras
Existing Appliances In All 3 Units ( 3 Fridges, 3 Stoves) Washer & Dryer, Existing Electric Light Fixtures, Existing Window Coverings.
Property Features
Grnbelt/Conserv, Level, Public Transit, Ravine, River/Stream, Wooded/Treed
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
118' x 201'
Acreage
10-24.99
Lot Irregularities
109.42' Rear;115.79'+46.54' West *
Fronting
North
Taxes
$5,037 (2023)
Basement
Apartment
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 20.01' x 14.76' | Hardwood Floor, Picture Window, Open Concept |
| Dining | Main | 10.17' x 10.66' | Hardwood Floor, Combined W/Living, Window |
| Kitchen | Main | 8.20' x 17.72' | Hardwood Floor, Centre Island, W/O To Garden |
| Br | 2nd | 11.48' x 12.14' | Broadloom, Closet, Window |
| Br | 2nd | 8.01' x 12.04' | Broadloom, Closet, Window |
| Br | 2nd | 6.56' x 10.96' | Broadloom, Closet, Window |
| Living | Upper | 21.00' x 7.87' | Laminate, Open Concept, Window |
| Kitchen | Upper | 9.51' x 8.53' | Laminate, Open Concept, Window |
| Br | Upper | 8.01' x 12.04' | Laminate, Closet, Window |
| Living | Bsmt | 20.01' x 14.76' | Laminate, Open Concept, Window |
| Kitchen | Bsmt | 7.87' x 17.72' | Laminate, Open Concept, Combined W/Kitchen |
| Br | Bsmt | 8.86' x 7.55' | Laminate, W/I Closet, 4 Pc Bath |
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Oshawa Market Statistics
Oshawa Price Trend
26 Whiting Ave is a 3-bedroom 4-bathroom home listed for sale at $2,100,000, which is $1,342,781 (177.3%) higher than the average sold price of $757,219 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in Oshawa increased by $31,856 (4.4%) compared to the previous 30 day period (September 21 - October 20) and up $9,589 (1.3%) from the same time one year ago.Inventory Change
There were 159 3-bedroom homes listed in Oshawa over the last 30 days (October 21 - November 19), which is down 12.6% compared with the previous 30 day period (September 21 - October 20) and down 4.2% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Oshawa typically sold $1,633 (0.2%) above asking price over the last 30 days (October 21 - November 19), which represents a $9,727 decrease compared to the previous 30 day period (September 21 - October 20) and $3,300 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 (October 21 - November 19) stood at 66.7%, up from 45.6% over the previous 30 days (September 21 - October 20) and up from 44.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom home in Oshawa stood at 22 days when successfully sold over the last 30 days (October 21 - November 19), compared to 47 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Epic Realty
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