ON > Oshawa > Lakeview
Oshawa, ON L1H 4V8,827 Gordon ST
Oshawa, ON L1H 4V8,827 Gordon ST
Oshawa, ON L1H 4V8,827 Gordon ST
Oshawa, ON L1H 4V8,827 Gordon ST
Oshawa, ON L1H 4V8,827 Gordon ST
Oshawa, ON L1H 4V8,827 Gordon ST
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 7,880,000
Est. payment | /mo

2 SqFt

Save
$ 7,880,000
Est. payment | /mo
Save

2 SqFt

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.
agent-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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