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$ 7,880,000
Est. payment /mo
New
827 Gordon ST Oshawa, ON L1H 4V8
2 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 2 sqft
Price per Sqft $3,940,000
Subdivision Lakeview
MLS Listing ID E12053333
Annual Tax Amount $25,675
Tax Year 2024
Property Sub-Type Office
Property Description
Welcome to 827 Gordon Street, Oshawa A Premium Investment Opportunity. This property spans 2.98 acres and offers great future development potential. Zoned Residential, the existing building is a fully leased commercial space currently operating as a Music Studio, with over 40 individual rental units. All units are occupied on a month-to-month basis, ensuring steady and reliable cash flow from a diverse tenant base. The property exciting future proposal includes the development of 67 townhomes on the excess land. A Site Plan Application has already been submitted to the city, and awaiting final approval and permits. The new owner can continue advancing the development process while enjoying ongoing income from the music studio, either as a short-term or long-term investment. Additionally, while the building is heritage designated, the rear addition is not part of the designation and can be demolished, offering flexibility for future development. Whether you're seeking immediate returns or long-term growth, this property offers a unique blend of both.
Location
Province ON
County Durham
Community Lakeview
Area Durham
Zoning Residentail
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 363.56
Lot Depth 2.98
Others
Security Features Yes
Listed by PRIME GROUP REALTY INC.