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$625,000
Available - For Sale
Listing ID: E12680478
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. As currently structured, any redevelopment proposal must align with both the existing Residential zoning permissions and the approved Central Oshawa zoning framework. While traditional severance may be achievable under the current zoning, the future CO-C designation signals a shift toward more comprehensive redevelopment and urban intensification rather than simple lot splits. Purchasers are advised to conduct independent planning, zoning, and development due diligence with the City of Oshawa and relevant authorities
Price $625,000
Taxes: $2,851
Assessment Year: 2025
Occupancy by: Vacant
Address: 164 Albert Street , Oshawa, L1H 4R2, Durham
Directions/Cross Streets: Albert St & Olive Ave
Rooms: 5
Rooms +: 3
Bedrooms: 3
Bedrooms +: 0
Washrooms: 3
Family Room: F
Basement: Unfinished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 12.86 12.86 Window, Broadloom, Open Concept
Room 2: Main Kitchen 12.63 10.20 Window, Vinyl Floor, Open Concept
Room 3: Second Bedroom 11.81 9.84 Window, Closet, Broadloom
Room 4: Second Bedroom 2 11.41 8.86 Window, Closet, Broadloom
Room 5: Second Bedroom 3 8.82 9.84 Window, Closet, Broadloom
Room 6: Ground Living Ro 12.73 12.40 Window, Broadloom, Open Concept
Room 7: Ground Kitchen 12.73 12.30 Vinyl Floor, Walk Through, Open Concept
No. of Pieces Level
Washroom 1:  2 Main
Washroom 2:  4 Second
Washroom 3:  4 Ground
Washroom 4:  0
Washroom 5:  0
Property Type: Detached
Style: 2-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 3
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 1100-1500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
Utilities-Cable: A
Utilities-Hydro: Y
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RE/MAX WEST REALTY INC.

164 Albert Street , Oshawa, L1H 4R2, Durham

Personal Picture
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Detached
Area: Durham
Municipality: Oshawa
Neighbourhood: Central
Style: 2-Storey
Lot Size: x 99.99(Feet)
Approximate Age: 100+
Tax: $2,851
Maintenance Fee: $0
Beds: 3
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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