$2,100,000Asking Price
26 Whiting Ave
Lakeview, Oshawa
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.
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.
See MoreKey Info
- 2-Storey Detached
- 4-Car Private Driveway
- No Garage
- Simcoe St. S. & Whiting
- Basement Apartment
- 3 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 117.94 x 201.49 Feet
- 10-24.99 Acreage
- Aluminum Siding Exterior
- Taxes were $5,036 in 2023
- Possession: TBA
Details
- No Fireplace
- Family Room
- Lower Laundry
- Sewers
- Municipal Water
- MLS #E9258458
- RE/MAX EPIC REALTY
Extras
- Existing Appliances In All 3 Units ( 3 Fridges, 3 Stoves) Washer & Dryer, Existing Electric Light Fixtures, Existing Window Coverings.
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Living Room | Main | 14.76' x 20.01' | Hardwood Floor, Picture Window, Open Concept |
| 2 | Dining Room | Main | 10.66' x 10.17' | Hardwood Floor, Combined W/Living, Window |
| 3 | Kitchen | Main | 17.72' x 8.20' | Hardwood Floor, Centre Island, Walkout To Garden |
| 4 | Bedroom | 2nd | 12.14' x 11.48' | Broadloom, Closet, Window |
| 5 | Bedroom | 2nd | 12.04' x 8.01' | Broadloom, Closet, Window |
| 6 | Bedroom | 2nd | 10.96' x 6.56' | Broadloom, Closet, Window |
| 7 | Living Room | Upper | 7.87' x 21.00' | Laminate, Open Concept, Window |
| 8 | Kitchen | Upper | 8.53' x 9.51' | Laminate, Open Concept, Window |
| 9 | Bedroom | Upper | 12.04' x 8.01' | Laminate, Closet, Window |
| 10 | Living Room | Basement | 14.76' x 20.01' | Laminate, Open Concept, Window |
| 11 | Kitchen | Basement | 17.72' x 7.87' | Laminate, Open Concept, Combined W/Kitchen |
| 12 | Bedroom | Basement | 7.55' x 8.86' | Laminate, Walk-in Closet, 4-PieceBath |
 | 1 2-Piece Bathroom on Ground Floor | |||
| 2 4-Piece Bathrooms on 2nd Floor | |||
| 1 4-Piece Bathroom in Basement | |||
How Far is Too Far?
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Who lives here?
Lakeview, Oshawa is an east GTA neighbourhood notable for its singles, renters, salespeople and tradespeople. Residents tend to be younger with a significant number of babies, kids aged 5 to 9, youth aged 20 to 24 and adults aged 25 to 34, 25 to 34, 25 to 34 and 25 to 34.
Families
Kids Per Family
1.2
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
55%
of residents are
single and loving it.
55% singles
Oshawa (47%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
44%
of residents
are renters.
44% renters
Oshawa (32%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
9%
of residents are
university grads.
9% university grads
Oshawa (19%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$73K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 16% |
| Trades | 14% |
| Business | 8% |
| Government | 5% |
| Manufacturing | 5% |
Immigrants
11%
of residents were
born outside of Canada.
11% immigrants
Oshawa (18%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
1.8% from UK
All-time
Birthplace - Recent
0.3% from Jamaica
Recent
Foreign Languages
Foreign Languages
| French | 2% |
| Spanish | 1% |
| Portuguese | 1% |
| Polish | 1% |
Religions
Religions
| Christian | 63% |
| Buddhist | 1% |
| Muslim | 1% |
