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Property Description
This 45ftx143.88ft lot in Central Oshawa presents a prime development opportunity. Situated directly across the street from the upcoming Metrolinx Central Oshawa GO station on the Lakeshore East GO line extension to Bowmanville, the property boasts exceptional potential. With a massive mixed-use development planned for the surrounding area, this property is poised for significant growth and value appreciation. The ability to potentially acquire neighbouring properties further enhances the development prospects, allowing for the creation of a larger, more impactful project. This is a rare chance to capitalize on the transformative changes sweeping through Central Oshawa. Don't miss out on this strategic development opportunity.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-13 | 2024-08-31 | 110 | $800,000 | - | Expired |
Nearby Intersections
Ritson & Olive (17)
Property Features
Cul De Sac, Hospital, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Lot Size
45' x 144'
Fronting
West
Taxes
$3,164 (2024)
Basement
Unfinished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
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Oshawa Market Statistics
Oshawa Price Trend
422 Front St is a 3-bedroom 1-bathroom home listed for sale at $800,000, which is $52,188 (7.0%) higher than the average sold price of $747,812 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 3 bedroom home in Oshawa declined by $27,653 (3.6%) compared to the previous 30 day period (November 18 - December 17) and down $24,160 (3.1%) from the same time one year ago.Inventory Change
There were 76 3-bedroom homes listed in Oshawa over the last 30 days (December 18 - January 16), which is down 23.2% compared with the previous 30 day period (November 18 - December 17) and up 81.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Oshawa typically sold ($1,639) (0.2%) below asking price over the last 30 days (December 18 - January 16), which represents a $7,009 increase compared to the previous 30 day period (November 18 - December 17) and ($18,277) 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 3-bedroom homes in Oshawa over the last 30 days (December 18 - January 16) stood at 64.5%, down from 88.9% over the previous 30 days (November 18 - December 17) and down from 131.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Oshawa stood at 22 days when successfully sold over the last 30 days (December 18 - January 16), compared to 71 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Energy Real Estate, Brokerage
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