Overview

This retail property in Oshawa is for sale offering roughly 10,000 sq ft of space.

Retail Space for Sale in Oshawa →All real estate in Oshawa →

Description

Welcome To Your Next Great Investment Opportunity. This Turn Key Investment Property Cash Flows From Day 1. Located In Downtown Oshawa, On Bus Route, Close To College Campuses, Great Restaurants And Shopping. This Property Consists Of 2 Great Commercial Tenants With Approximately 3400 Sq Ft Combined Plus An Additional 8 Apartments. The Five 2 Bedroom And Three 1 Bedroom Apartments Have Mostly Been Updated Over The Last 5-10 Years. The $154,000 Net Income After All Expenses And Maintenance That This Property Brings In Represents An Impressive 6 Cap Rate With Some Room For Improvement Down The Road. Whether You Are Looking For Your First Investment Or Wanting To Add Another Property To Your Portfolio. This Property Is For You. (id:66096)

Property Details

MLS®: E13561828
Property Type: Retail
Zoning: CBD-A .T25
Interior Size: 10,000 ft²
Lot Size: 71 × 53 ft (3,754 sq ft)
Frontage: 71 ft
Heating: Baseboard heaters, Forced air, Natural gas
Cooling: Partially air conditioned
Property Tax: $23,727/yr
Listed: 113 days ago

Market Timing

Days on market

113d

Oshawa (O'Neill) listings, avg age

41d

Price / ft²

$250

List price

$2.50M

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

This retail in Oshawa (O'Neill) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Area context

Neighbourhood profile (L1G)

This home lists at $2,500,000, about 33.1× the local median household income of $75,500.

Carrying it typically needs a household income of about $488,338 (20% down, 25-yr amortization, stress-tested) — roughly 547% above the area median.

Median household income: $75,500
Population: 43,497
Median age: 43.2
Owner / renter: 56% / 44%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L1G)

$2,500,000· $250/ft²

For sale

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Financing

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8-10 Simcoe Street North, Oshawa (O'Neill) - Retail for Sale

Description

Property Details

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Market Timing

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Neighbourhood profile (L1G)

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