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$625,000

Est. payment - /mo

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3 Beds

3 Baths

New

164 Albert ST Oshawa, ON L1H 4R2

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Chaudhry Nadeem

nadeem@gta.realestate +1(416) 907-4533

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision Central

MLS Listing ID E12680478

Style 2-Storey

Bedrooms 3

Annual Tax Amount $2,851

Tax Year 2025

Property Sub-Type Detached

Property Description

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

Location

Province ON

County Durham

Area Durham

Rooms

Family Room No

Basement Unfinished

Kitchen 2

Interior

Interior Features Accessory Apartment

Cooling None

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Porch

Parking Features Private

Pool None

View Clear

Roof Type Fibreglass Shingle

Topography Flat

Lot Frontage 59.12

Lot Depth 99.99

Total Parking Spaces 3

Building

Building Age 100+

Foundation Stone

Others

ParcelsYN Yes

Listed by RE/MAX WEST REALTY INC.

TEAM MEMBER

Chaudhry Nadeem +1(416) 907-4533 nadeem@gta.realestate