Earn a 6.7% leveraged CAP rate. Potential for vacant possession by Sept 1st. An exceptional investment opportunity for investors and developers/builders in the heart of Downtown Oshawa's Urban Growth Centre Area. This expansive site features an impressive frontage of 64.83 ft and is perfectly zoned for higher-density residential uses, offering significant potential for various development options. Currently, it holds an updated multiplex with a desirable unit mix: 2 two-bedroom units, 1 three-bedroom unit, and 1 bachelor-style apartment, a spacious rear yard and a convenient onsite laundry on the main floor. Each unit is separately metered for hydro and heat. Positioned in Oshawa's dynamic employment and transit hub just steps from the Durham Region Courthouse, the Oshawa Hockey Rink, and other key amenities and transit stops this is an ideal opportunity to contribute to Oshawa's ongoing evolution and secure a reliable rental income in a high-demand, future-forward location. (id:63267)