169 HOWEY STREET, Red Lake169 HOWEY STREET, Red Lake — photo 2169 HOWEY STREET, Red Lake — photo 3169 HOWEY STREET, Red Lake — photo 4169 HOWEY STREET, Red Lake — photo 5169 HOWEY STREET, Red Lake — photo 6169 HOWEY STREET, Red Lake — photo 7
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For Sale · Office

169 HOWEY STREET, Red Lake

169 HOWEY STREET, Red Lake, ON P0V2M0

$349,000 total

3,000 SF

Asset Class

Office

Size

3,000 SF

Building class

A

Zoning

CO — Commercial Office

$ / SF

$116

Occupancy

96%

About this property

Prime Commercial Location with Endless Possibilities! An exceptional opportunity awaits with this approximately 6,000 sq. ft. commercial building, ideally situated in the heart of Red Lake! Offering incredible versatility and endless potential, this property is ready to accommodate a wide range of business ventures. Previously operated as an office building, the interior features 9 individual office spaces, 2 kitchen areas, and 4 bathrooms, providing a functional layout with plenty of room to adapt to your business needs. The ground floor offers a welcoming front reception area, while ramp access at the rear provides added accessibility and convenience.Additional features include rear parking, a newer deck, and beautiful views overlooking Howey Bay. Its central location puts you within easy walking distance of Red Lake's amenities, services, and business district.Whether you're envisioning professional offices, a wellness facility, a multi-use commercial space, or something entirely different, this property offers the space, location, and flexibility to bring your vision to life.A rare opportunity to secure a substantial commercial property in one of Red Lake's most desirable central locations. The possibilities are yours to explore! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$349K
Down payment30% · $105K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$21K

Annual cash flow

$2K

Cash-on-cash

1.59%

DSCR

1.09

Going-in cap

6.02%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Cascade Foods Inc.2,883 SF2030-02

Area demographics

Trade area within 3 miles of the property.

Population

82,054

Households

29,395

Median income

$124,500

Median age

36

Daytime population

73,344

5-yr growth

6.2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 169 HOWEY STREET, Red Lake.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.