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. 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
Address
349 King Street W
List Price
$3,500,000
Property Type
Commercial
Type of Dwelling
Investment
Area
Oshawa
Sub-Area
Vanier
County
Durham
Lot Depth
300.2
Lot Type
Lot
Lot Irregularities
Irregular
Lot Size Units
Feet
Lot Width
105.84
MLS® Number
E8417264
Listing Brokerage
ROYAL LEPAGE FRANK REAL ESTATE
Postal Code
L1J 2J8
Tax Amount
$28,750.79
Tax Year
2023
Heat Type
Gas Forced Air Open
Cooling Features
No
Garage Type
Other
Sewer
Sanitary+Storm