Exceptional investment opportunity to own a commercial free-standing building in downtown Oshawa, featuring a well-known and established restaurant on the main floor and a 3-bedroom apartment on the second floor. This property is strategically located next to a major high-rise condo development plan approved by the City, with neighbouring properties, including this one, poised for future high-rise development potential. Join this multi-million-dollar redevelopment opportunity while earning rental income from the restaurant and apartment. Adding to its appeal, signage on the roof generate an additional $6,000 in annual revenue, further enhancing the property earning potential. Additionally, the restaurant business is available for sale by the owner.
MLS# | E11883304 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Price Change |
Days On Site | 138 |
Listing Provided By | FIRST CLASS REALTY INC. | E11883304 338900 |
SQ Feet | 2,801 |
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Acreage | 0.06 |
Province | ON |
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Region | Durham |
City | Oshawa |
Postal Code | L1H 1A6 |
Area | O'Neill |
Listing VS Median (In L1H 1A6) | |
Price: $1,249,900 low | high Med: $1,249,900 SqFt: 2,801 low | high Med: 2,801 $ / SqFt: $446 low | high Med: $446 On site: 138 low | high Med: 138.000000 |