480-506 RITSON ROAD S, OSHAWA (CENTRAL), ON L1H5K2

Property Description for 480-506 RITSON ROAD S

Located at 480-506 Ritson Road South, this .656-acre parcel is just a 5-minute walk (approx. 400m) from the future Ritson Road GO Station (expected to be operational by 2027/2028) at 500 Howard Street, part of Metrolinx's multi-billion-dollar Lakeshore East expansion to Bowmanville positioning the property to benefit from major infrastructure investment and exceptional regional connectivity. It's also less than a 3-minute drive to Highway 401, offering unparalleled convenience for commuters and residents alike. This turnkey site is fully approved for two modern 3-storey stacked townhouse buildings comprising 39 residential units (11 one-bedroom, 26 two-bedroom, and two three-bedroom suites), with rooftop patios, underground parking, bike storage, and over 700m of amenity space. Zoned for high-density residential use with recent approvals supporting a floorspace index (FSI) of 1.33 and 192 units per hectare, the project aligns with Oshawa's intensification goals and has received full support from City staff. A recent planning update also allows for increased design flexibility by eliminating the underground parking, simplifying construction. Surrounded by arterial roads, transit, shops, schools, and the Michael Starr Trail, this site is ideal for compact, transit-oriented development in a rapidly evolving urban corridor. Seller is open to Seller Financing. Don't miss this rare opportunity to secure a prime footprint in one of Durham's most promising growth areas. (id:38686)