827 Gordon Street, Oshawa MLS Number: E12053333

Welcome to 827 Gordon Street, Oshawa A Premium Investment Opportunity. This property spans 2.98 acres and offers great future development potential. Zoned Residential, the existing building is a fully leased commercial space currently operating as a Music Studio, with over 40 individual rental units. All units are occupied on a month-to-month basis, ensuring steady and reliable cash flow from a diverse tenant base. The property exciting future proposal includes the development of 67 townhomes on the excess land. A Site Plan Application has already been submitted to the city, and awaiting final approval and permits. The new owner can continue advancing the development process while enjoying ongoing income from the music studio, either as a short-term or long-term investment. Additionally, while the building is heritage designated, the rear addition is not part of the designation and can be demolished, offering flexibility for future development. Whether you're seeking immediate returns or long-term growth, this property offers a unique blend of both.