Overview

This retail property in Oshawa is for sale offering roughly 11,500 sq ft of space.

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Description

Attractive Investment Opportunity - High Cap Rate! Mixed-Use Commercial Building W/ 6 Ground-Level Commercial Retail Units & 5 Two-Storey Residential Apartments Above. Rear Parking Lot With 10 Spaces and Newly Installed Steel Security Gate. Seller Has Made Many Improvements - Roof 2021, Windows Replaced, Kitchens Updated in Apartments, New Storefronts, Exterior Stucco. Possible VTB. Financial Information Available Upon Signing A Confidentiality Agreement. (id:66096)

Property Details

MLS®: E13643420
Property Type: Retail
Zoning: PSC-A
Bathrooms: 11
Parking: 10
Interior Size: 11,500 ft²
Lot Size: 89 × 109 ft (9,756 sq ft)
Frontage: 89 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $15,922.59/yr
Listed: 90 days ago

Market Timing

Days on market

90d

Oshawa (Central) listings, avg age

66d

Price / ft²

$243

List price

$2.79M

Homes here sell faster than most markets

Sold homes in this market spent an average of 29 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 99.2 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

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Area context

Neighbourhood profile (L1H)

This home lists at $2,790,000, about 38.0× the local median household income of $73,500.

Carrying it typically needs a household income of about $544,985 (20% down, 25-yr amortization, stress-tested) — roughly 641% above the area median.

Median household income: $73,500
Population: 32,298
Median age: 41.2
Owner / renter: 59% / 41%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L1H)

$2,790,000· $243/ft²

For sale

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Financing

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134-142 Simcoe Street South, Oshawa (Central) - Retail for Sale

Description

Property Details

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Market Timing

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Neighbourhood profile (L1H)

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