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For Sale · Office

379 ONTARIO Street S, Milton

379 ONTARIO Street S, Milton, ON L9T2N2

$899,900 total

1,103 SF

Asset Class

Office

Size

1,103 SF

Building class

A

Zoning

CB2 — Central Business

$ / SF

$816

Occupancy

85%

Year Built

1949

Lot Size

0 ac

About this property

Rare Opportunity To Own A Character-Filled Residential Property With A Home Professional Office Component In A Prime Milton Location. Situated At 379 Ontario St. S., This Property Offers Excellent Visibility And Convenient Access To Downtown Milton, Shops, Restaurants, Parks, Schools, Transit, Milton GO, And Major Commuter Routes. Historically Operating As A Chiropractic Clinic For Approximately 26 Years, The Property Offers A Flexible Layout With Multiple Rooms Throughout, Including A Welcoming Reception Area, Multiple Office/Treatment Rooms, And A Main Floor 2 Piece Bathroom With Plumbing Rough-In For A Bathtub/Shower Within The Half Wall. The First Bedroom/Office Opposite The Current Reception Area, Overlooking The Driveway And Garage Side Of The Property, Has Former Kitchen Plumbing And Electrical Connections Remaining Within The Walls. The Second Floor Offers Two Additional Rooms, While The Finished Basement Includes A Gas Fireplace, Laundry Area, An Additional Full Bathroom, And Extra Usable Space. Set On An Expansive 0.41 Acre Lot Backing Onto A Creek, The Property Also Features Extensive Parking With Space For Approximately 13 Vehicles, An Oversized Garage, And A Bright Sunroom Area Connected To The Garage Overlooking The Private Backyard Setting. A Rare Combination Of Character, Lot Size, Visibility, Parking, Location, And Functionality. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$900K
Down payment30% · $270K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$46K

Annual cash flow

$-4K

Cash-on-cash

-1.49%

DSCR

0.92

Going-in cap

5.10%

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.621 SF2030-11
Cascade Foods Inc.400 SF2030-11

Area demographics

Trade area within 3 miles of the property.

Population

81,345

Households

30,458

Median income

$116,000

Median age

35.8

Daytime population

76,696

5-yr growth

1.5%

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

Secure deal room

Confidential diligence documents for 379 ONTARIO Street S, Milton.

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.