For Sale: 137 Simcoe Street N, Oshawa, ON - REW
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$1
0 bd • ba • 1 sf • Land/Lot
137 Simcoe Street N
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$1

137 Simcoe Street NOshawa, ON, L1G 4S6

O'Neill
  • 0 Bed
  • Bath
  • 1 Sqft
  • Land/Lot

About this home

Attention Developers & Condo Builders. 0.67 Acre Building Site Assembled In Downtown Oshawa with Simcoe St N Frontage. Lots of opportunity, could be rental housing, condo or retirement home. Incredible location within walking distance to Lakeridge Regional Health Centre, Ontario Tech Downtown Campus, Oshawa Golf & Curling Club, Regional Court House, Tribute Communities Centre & All That the revitalized downtown has to offer. NO DEVELOPMENT CHARGES IN DOWNTOWN OSHAWA FOR APARTMENT RENTAL HOUSING. ZONING IS IN PLACE!! This site potentially can build 271 unit apartment building. Zoning allows 1000 units per hectare. Potential building height can be about 74 meters, equal 22-24 stores building. Land owner has working relationships with CMHC mortgage broker, can help arrange up to 95% financing/construction loan for apartment building. Land owner also can provide introduction to bonded builder. Downtown Oshawa Urban Growth Centre identified in the Provincial Growth Plan for the Greater Golden Horseshoe. Site consists of Five properties, 137 and 141 Simcoe St N, 10 Colborne, 14 Colborne & 20 Colborne. Good income stream while developing, Current Gross Income For Four Properties and 11 apartments is $163,200 annually with an NOI of approximately $118,000. Phase 1 ESA and Stage 1 Archeological Study Complete. **EXTRAS** Location of this property could not be better with transit and proximity to hospital. The time could not be better to acquire and develop in Downtown Oshawa. Good rental income in place while development application is in process. (id:63626)
Listed by: Gerry Keenan, Salesperson, RE/MAX Jazz INC.

Home facts and features

Price details
List Price
$1
Gross Taxes for 2026
$24,200
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Land/Lot
Lot Size
29185 ft²
Depth
Community
Agent details
Primary Agent
Gerry Keenan
Primary Broker
RE/MAX Jazz INC.
Listing details
Days on REW
74 Days
Property Views
45
MLS® Number
E12914942
Source
Canadian Real Estate Association
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Purchase Price
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25 Years
Interest Rate
3.99%

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Property Insights

Mary Street Community School
  • Public
  • JK - 8
O'Neill Collegiate Vocational Institute
  • Public
  • 9 - 12
Grade Learning - Oshawa
  • Private
  • 9 - 12
Village Union Public School
  • Public
  • JK - 8
Coronation Public School
  • Public
  • JK - 8
Dr S J Phillips Public School
  • Public
  • JK - 8
Lakeside Academy
  • Private
  • 1 - 6
St Christopher Catholic School
  • Catholic
  • JK - 8
Durham Elementary Private School
  • Private
  • 1 - 8
Woodcrest Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Gerry Keenan
Phone:
(905) 728-1600
Office:
905-728-1600
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.