349 King Street Image 1

$3,500,000

Jun 7, 2024Land For Sale
bedroomsbed
washrooms0bath
MLS - #E8417264

349 King Street, Oshawa, ON L1J 2J8

0
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Average Price
350000000.0%
Higher than average

Price Comparison

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Property Description

Property type

Land

Lot size

N/A

Style

Approx. Area

N/A

About 349 King Street

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

Home Overview

Last updated

Jan 10

Virtual tour

None

Basement information

Building size

0.85

Status

In-Active

Property sub type

Land

Maintenance fee

$N/A

Year built

--

Listed by ROYAL LEPAGE FRANK REAL ESTATE

Additional Details

Basement:N/A
Cooling:N/A
Heating:N/A
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$13367.63/ month
$2,800,000 Principal and Interest
$3,360,000 Property Taxes

Location

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