$849,000 - 223 Bloor Street, Oshawa
Detached for Sale in Oshawa
Neighbourhood: Lakeview
- MLS Number
- E13224998
- Property Type
- Detached
- Status
- active
- Days on Site
- 29
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Oshawa
- Listing Brokerage
- HOMELIFE ELITE SERVICES REALTY INC.
Rare Opportunity On Bloor Street East In Oshawa! 223 Bloor St E Offers An Incredible Mix Of Current Residential Use, Strong Rental/Investment Appeal, And Future Commercial/Mixed-Use Potential Under PSC-A Planned Strip Commercial Zoning. Situated On A Deep Lot With Excellent Road Exposure, Quick Access To Highway 401, And An Impressive Amount Of On-Site Parking With Space For Approximately 100 Vehicles, This Property Is An Excellent Fit For Automotive-Related Users, Car Dealers, Vehicle Storage, Sales, Service, Or Other Business Owners Needing Strong Visibility And Parking Capacity. PSC-A Zoning Permits A Wide Range Of Potential Uses Including Automobile Sales And Service Establishment, Automobile Repair Garage, Automobile Rental Establishment, Office, Retail, Restaurant, Personal Service, Apartment Building, Block Townhouse, Studio And More, Subject To City Approvals. The Existing Home Has Been Renovated And Can Be Ideal For Holding Income, Owner Use, Land Banking, Or Exploring A Live/Work Or Commercial Conversion Opportunity. A Rare Chance To Secure A Deep-Lot Property With Highway Convenience, Major Exposure, Automotive Potential, And Long-Term Upside In A Transforming Oshawa Corridor
Estimate your monthly payments for this property
Estimated Payment
$4,355.81/mo
Includes CMHC insurance ($23,687)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Waterfront Transformation in Progress
Lakeview is an exciting neighbourhood undergoing a major transformation from its industrial roots to a vibrant waterfront community. The Lakeview Village development is creating thousands of new homes, parks, and amenities along the Lake Ontario shoreline. Early buyers are positioning themselves in what will become one of the GTA's most sought-after waterfront communities.
Why Live in Lakeview
- •Major waterfront redevelopment underway
- •New parks, trails, and community amenities planned
- •Strong investment potential
- •Lake Ontario waterfront access
- •Mix of new condos and established homes
Nearby Schools
Transit & Commuting
- •Long Branch GO Station nearby
- •Future Hurontario LRT connection
- •MiWay bus routes
- •Easy access to QEW and Gardiner Expressway
Parks & Amenities
- •Jim Tovey Lakeview Conservation Area (opening soon)
- •Lakefront Promenade Park
- •Marie Curtis Park (nearby)
- •Planned retail and restaurant district
- •Future community centre
Lifestyle & Community
Lakeview is perfect for those who want to get in on the ground floor of a major urban transformation. The area offers excellent value with the promise of significant appreciation as the Lakeview Village development completes.
223 Bloor Street, Oshawa
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $772/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 29 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Oshawa are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Oshawa. Good resale value as demand remains consistent.
About Lakeview
I know Lakeview well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Oshawa properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,538 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.