59 Park Rd S, Oshawa, L1J 4G7

Home Overview

Description

An exceptional opportunity to acquire a fully assembled site of 5 residential lots located directly on an arterial road abutting a commercial plaza, designated as "High Density II Residential" in Oshawa's Official Plan, permitting the city's second-highest density. Currently zoned R5 / R7, the site allows for many uses, including apartment development, but the zoning significantly underutilizes the full potential of the official plan, making this an ideal candidate for rezoning and intensification. What sets this offering apart is the turnkey nature of the assembly - no risk of delayed acquisitions or holdout owners. All five sellers are aligned and committed to selling simultaneously, eliminating typical land assembly headaches and carrying risks. Situated just 1 KM from downtown Oshawa and steps to transit, this location offers unmatched urban convenience and growth potential. With Oshawa ranked among the fastest municipalities for development approvals, this site is poised for rapid progression. Sellers are open to vendor take-back (VTB) financing and may offer leaseback options during the entitlement phase, providing flexible terms to streamline your development timeline. Perfect for builders, developers, and forward-thinking investors - capitalize on Oshawa's intensifying growth and unlock the potential of this rare, high-density development parcel.

145 days

On Market

Vacant Land

Property Type

$2,090 / Year

Est. Taxes

Other

Style

-

Garage

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Basement

Location & Areas