4 Acer Prime Mixed Use Development Property In Oshawa | Locate Condo

487 – 513 Bloor St E, Oshawa

Here is a Prime sought-after Oshawa location to build a Mixed-use projects (Residential and commercial on main floor including daycare, convenience store, and beauty salons)

Asking Price: $9,800,000

CALL NOW

Maps were disabled by the visitor on this site.

Description

Prime 4-acre land (178,131 sqf) in a sought-after location

Here is a Prime sought-after Oshawa location to build a Mixed-use projects (Residential and commercial on main floor including daycare, convenience store, and beauty salons);

We are looking for either at buyer or J.V partner or lender for about $8 Million cash as debt or equity.

On March 2024 the property has been appraised for as is $14,100,000 and as approved for $18,200,000 and as if completed $324,700,000

Planned development includes 494 apartment units across three buildings.
Favorable city planning with pre-submission meeting comments and potential fast-track approval process.
Zone changes application submitted in September 2023, with expected approval by July 2024 for high-density construction of up to 20 stories.
RSC (Record of Site Condition) ready since 2022
Approximate total fees of $670K required for site plan approval, including various studies and design services.
Estimated total investment of $7.8M plus fees, with a 10-12 month holding period for interest.

Land size: 4.08 Acre land ( 178,131 sqf)
Total GFA: 444,569 SQF (Commercial (Daycare , convenience Store and Beauty Salons)
Units: 494 Apartment
Parking: 2 floors underground
Price: $9.8 Mil ( $30/sqf buildable)
Pre-submission meeting with city comments
Comparable condo sales in the area averaging around $1,000 – $1,050 per sqf
Rental comps averaging $3.8/sqf

CALL NOW

CONNECT WITH ME

Maziar Moini Broker of Record
Home Leader Realty Inc.

(416) 599-9599 x150 (Office)
(416) 599-9599 (Business)
(416) 888-7654 (Cell)
300 Richmond St. W., Toronto, ON M5V-1X2

Condos Highlights:

Located in the heart of Oshawa neighbourhood.
Easy access to Highway 412 & 401
5 minute drive from Lakeview Park Beach & Waterfront
8 minute drive to Oshawa GO Station
8 minute commute to Downtown Oshawa
8 minute drive to the Durham College Whitby Campus
9 minute drive to Pickering Town Centre and Oshawa Centre
9 minute drive to the Oshawa Centre
10 minute drive to Ontario Tech University & Durham College Oshawa Campus
20 minute drive to the Whitby Town Square
Close to shops, restaurants and schools
Many nearby public transportation options
Nearby parks

Comps sold in the area:

The Landing Condos $1,050/sqf
https://locatecondo.com/i/the-landing-condos/#price
Station No. 3 Condos $1,050/sqf
https://locatecondo.com/i/station-no-3-condos/
Harbour Ten10 $1,000/sqf
https://locatecondo.com/i/harbour-ten10-condo/

As for rental comps , the going rent rate are:

1BD $2,150 $3.8 /sqf/m
1BD+D $2,280 $4.0 /sqf/m
2BD $2,300 $3.4 /sqf/m

THIS MONTH HOT NEW PROJECTS

All 4 /Hot Project 4
The Homes at Fieldstone
Cachet Arthur Homes
Gates of Nobleton
The Grove Condos at Wildflower

Home Leader Realty Inc Offer Best Incentives First Access Best Unit VIP Prices

About us

LocateCondo and Home Leader Realty Inc, Toronto’s reliable brokerage with experience to help clients in Pre-construction, Assignment condos with priority access to the upcoming New Condo & Townhome launches in Toronto & The GTA

Useful links
Common Q & A

Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
416-599-9599 ext:150
Cell : (647) 699-5900
HomeLeaderRealty.com
ListOfCondo.com
LocateCondo.com

Privacy Policy

Cities we support
Toronto Condos

North York

Richmond Hill

Etobicoke

Other Cities