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Portfolio of 2 Properties for Sale

Offered at $2,491,671 USD in Oshawa, ON

Executive Summary

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. Property is next to an assembly of 5 residential properties on 0.41 Acre at the Corner of Grenfell St. and Pine St. (344 Pine St.). Residential land assembly also for sale. 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

Property Facts

Price $2,491,671 USD
Price / SF $311.61 USD / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 7,996 SF
Total Land Area 0.84 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
349 King St W, Oshawa, ON L1J 2J8 Retail 1,958 SF 1978 -
25 Grenfell St, Oshawa, ON L1J 4V9 Industrial 6,038 SF 1930 -
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  • Listing ID: 33923132

  • Date on Market: 6/11/2024

  • Last Updated:

  • Address: Portfolio of 2 Properties for Sale, Oshawa, ON

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