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$ 8,500,000
Est. payment | /mo
$ 8,500,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Samac
MLS Listing ID E12709674
Annual Tax Amount $49,598
Tax Year 2025
Property Sub-Type Land
Property Description
Vacant Land - Prime multi residential development opportunity on Simcoe Street North in Oshawa. The offering consists of two assembled parcels with frontage on a major arterial road, positioned minutes from Taunton Road, Highway 407, transit, retail, and institutional uses. The property is zoned R6-CTEMP-1 and is at an advanced Site Plan Approval stage, with planning and technical reviews substantially complete and final Site Plan Agreement execution pending for the development of two six storey purpose built rental apartment buildings. The approved concept provides for 140 residential units across two buildings. Site Plan Approval is well advanced with multiple submissions completed and agency comments largely cleared. Minor variance approval has been granted, and regional servicing review has no outstanding comments. Extensive technical work has been completed, including Phase One and Phase Two Environmental Site Assessments confirming the site is suitable for residential redevelopment and eligible for a Record of Site Condition. Detailed architectural drawings, landscape plans, servicing and stormwater designs, grading, erosion control, lighting, noise studies, and cost estimates are available. The site benefits from established servicing, strong visibility, and proximity to employment, shopping, and transit corridors. Oshawa continues to experience sustained rental demand driven by population growth, limited new supply, and its role as a key Durham Region urban centre. This is a rare opportunity to acquire a largely de risked, mid rise rental development site with approvals in place and a clear path to construction. Ideal for builders, developers, or long term rental investors seeking scale in a growing market.
Location
Province ON
County Durham
Area Durham
Exterior
Utilities Available Available
Lot Frontage 485.0
Lot Depth 245.0
Others
ParcelsYN No
Listed by LAND & GATE REAL ESTATE INC.
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