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Price Change$6,200,000

2045 Grandview Street N

Rural Oshawa, Oshawa

$5,750,000

Detached|2-Storey
4 | 3 | 12
About this home

Prime residential development opportunity in North Oshawa's rapidly expanding growth corridor. This strategically located site presents the potential for a proposed 54-unit stacked townhouse development and offers developers a unique opportunity to capitalize on strong long-term housing demand in the region. Municipal services have been stubbed to the property line, reducing future servicing costs and enhancing development feasibility. A clean Phase I Environmental Site Assessment has been completed, and significant planning and due diligence work has already been undertaken. The property has received positive feedback regarding advancement through the development approval process, providing a strong foundation for future approvals. Surrounded by existing and planned residential communities, schools, parks, shopping, and major transportation routes, this site is ideally positioned for future growth. Supporting studies and development information available upon execution of a confidentiality agreement. Exceptional opportunity for builders, developers, and investors seeking a well-located residential land acquisition in one of Durham Region's most active development markets.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$12,442
Lot Size250.35 ft x 348.5 ft
mls© NumberE12998376
Listed ByCentury 21 Signature Service

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$29,431
Property tax
$1,037
Heat allowance
$150
Housing costs
$30,618 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $1,150,000
25-yr amortization

Income needed

$942,000

gross annual household income

Payment at 4%
$24,197 / mo
Cash down
$1,150,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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