$2,500,000
Oshawa
60 Athol Street East, Oshawa (Central), Ontario, L1H8B7
This office property in Oshawa is for sale offering roughly 8,500 sq ft of space.
Versatile standalone commercial building in the heart of downtown Oshawa, presenting an exceptional opportunity for investors, developers, and owner-users alike. The property supports a wide range of uses including medical, clinical, food processing, commissary kitchen, and other specialized commercial operations. Positioned on its own parcel in Oshawa's evolving downtown core, the property offers compelling long-term Commercial/Residential redevelopment potential. Whether maintained as an income-producing asset, repositioned through renovation, or considered for future redevelopment or a complete rebuild (subject to all required municipal approvals), the site provides flexibility to capitalize on the area's ongoing growth and revitalization. The building features ample on-site parking and excellent accessibility, with convenient connections to major highways, public transit, and nearby amenities. A significant highlight is the approximately 4,200 sq. ft. high-ceiling basement, with portions extending a few feet above grade, providing bright, functional space ideal for storage, production, additional workspace, or other complementary commercial uses. Existing improvements include a walk-in cooler and infrastructure suitable for food or healthcare-related operations, offering potential cost savings for end users. With its adaptable layout, substantial lower-level space, strategic location, existing specialized improvements, and future redevelopment potential, this is a rare opportunity to acquire a well-positioned commercial asset with both immediate functionality and long-term value appreciation. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 111 days on market, against an average age of 66 days across the listings currently for sale in this city
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.
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Approximate location — exact address confirmed upon showing
This home lists at $2,500,000, about 34.0× the local median household income of $73,500.
Carrying it typically needs a household income of about $488,338 (20% down, 25-yr amortization, stress-tested) — roughly 564% above the area median.
Source: Statistics Canada, 2021 Census (FSA L1H)
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