FOR SALE
$669,000
305 Oshawa, Oshawa, ON, L1H 5R9
About the Property
Prime redevelopment opportunity in a strategic Central Oshawa location. The subject property is currently improved with a registered legal two-unit dwelling, complete with separate hydro services and dual gas meters, providing holding income during planning and entitlement phases. The existing configuration includes a 3-bedroom main unit and a bachelor-style secondary apartment. The City of Oshawa has confirmed the property is presently zoned R2/R3-A/R5-C/R6-B/R7-A(Residential), permitting a wide spectrum of residential intensification, ranging from single detached dwellings to apartment buildings.
About the Property
Prime redevelopment opportunity in a strategic Central Oshawa location. The subject property is currently improved with a registered legal two-unit dwelling, complete with separate hydro services and dual gas meters, providing holding income during planning and entitlement phases. The existing configuration includes a 3-bedroom main unit and a bachelor-style secondary apartment. The City of Oshawa has confirmed the property is presently zoned R2/R3-A/R5-C/R6-B/R7-A(Residential), permitting a wide spectrum of residential intensification, ranging from single detached dwellings to apartment buildings.
Under the existing Residential zoning, there may be potential for land severance and redevelopment into multiple single detached dwellings, subject to municipal approvals and possible minor variances for frontage and/or lot area. Further enhancing the long-term upside, City Council has approved City-initiated amendments tore zone the property to CO-C (Central Oshawa). The proposed CO-C zoning supports a higher-order, mixed-use development framework, allowing for apartment buildings, rental flats, professional offices (excluding clinics), personal service establishments, restaurants, retail uses, daycare centres, schools, and other complementary uses. These amendments are currently under Provincial review, and timelines for final approval remain unknown.
Property Details
MLS#:
E12866066
Status:
Sold
Property Type:
Detached
Central A/C:
No
Bedrooms:
3
Heating Fuel:
Forced Air
Bathrooms:
3
Heating Type:
Forced Air
Parking:
3 Spots
Cross Street:
Albert St & Olive Ave
Basement:
Unfinished
Under the existing Residential zoning, there may be potential for land severance and redevelopment into multiple single detached dwellings, subject to municipal approvals and possible minor variances for frontage and/or lot area. Further enhancing the long-term upside, City Council has approved City-initiated amendments tore zone the property to CO-C (Central Oshawa). The proposed CO-C zoning supports a higher-order, mixed-use development framework, allowing for apartment buildings, rental flats, professional offices (excluding clinics), personal service establishments, restaurants, retail uses, daycare centres, schools, and other complementary uses. These amendments are currently under Provincial review, and timelines for final approval remain unknown.
Property Details
MLS#:
E12866066
Status:
Sold
Property Type:
Detached
Central A/C:
No
Bedrooms:
3
Heating Fuel:
Forced Air
Bathrooms:
3
Heating Type:
Forced Air
Parking:
3 Spots
Cross Street:
Albert St & Olive Ave
Basement:
Unfinished
Maintenance:
Exterior:
Brick
Possession Date:
Jan 30, 2026
Presented By:
RE/MAX WEST REALTY INC.
Maintenance:
Exterior:
Brick
Possession Date:
Jan 30, 2026
Presented By:
RE/MAX WEST REALTY INC.