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$999,000
Whitby
916 BROCK STREET SOUTH Street, Whitby (Downtown Whitby), Ontario, L1N4L6
This office property in Whitby is for sale offering roughly 1,543 sq ft of space.
Rare opportunity to own a mixed-use office and residential building in a prime Downtown Whitby location, complete with its own private parking lot offering parking for up to 8 vehicles, an exceptionally rare and valuable feature in the downtown core. The main floor offers generous professional office space with two separate entrances, providing flexibility for a single business or the potential to accommodate multiple businesses. Currently configured with a large reception area, comfortable seating/waiting area and three private offices, with the potential to reconfigure the space to create a fourth office.The property also features two self-contained residential units, each with its own separate entrance. The upper level offers a one-bedroom apartment with private access from the north side of the building, while the lower level features a studio apartment with its own rear entrance. Both residential units are currently fully rented, generating a combined $2,700 per month.Adding to the investment potential, the current owner is willing to lease back the main-floor office space for one year at $3,000 per month, creating the potential for approximately $5,700 in total monthly rental income. An exceptional opportunity for an investor seeking multiple income streams or an owner-user looking to secure a prime Downtown Whitby property while benefiting from existing rental income and future flexibility. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 89 days on market, against an average age of 58 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 25 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 98.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This office in Whitby (Downtown Whitby) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $999,000, about 10.0× the local median household income of $100,000.
Carrying it typically needs a household income of about $195,140 (20% down, 25-yr amortization, stress-tested) — roughly 95% above the area median.
Source: Statistics Canada, 2021 Census (FSA L1N)
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