For Lease · Multifamily

503 - 976 SIMCOE STREET N, Oshawa (Centennial)

503 - 976 SIMCOE STREET N, Oshawa (Centennial), ON L1G4W4

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA9 — High Rise

$ / SF

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Occupancy

98%

About this property

Welcome to Unit 503 at 976 Simcoe Street North, a beautifully finished suite offering modern design, comfort, and low-maintenance living in a secure, well-maintained building. Located in Oshawa's desirable Centennial neighbourhood, this stylish residence offers quality finishes and a functional layout designed for comfortable everyday living. This bright and inviting unit features an open-concept layout, a contemporary 3-piece bathroom, and a modern kitchen complete with quartz countertops, stainless steel appliances, durable luxury vinyl flooring, and ample cabinetry. The thoughtfully designed floor plan creates a welcoming and comfortable living space. Enjoy a convenient location within walking distance of shopping, restaurants, medical facilities, parks, and public transit, making daily errands and commuting simple and convenient. One surface parking space is included with the unit, and storage lockers are available for rent for those requiring additional space. The landlord is seeking responsible A+ tenants with references and good credit. This is an outstanding opportunity to lease a modern, secure home in one of Oshawa's most convenient and well-connected neighbourhoods. Please Note: All photos are provided by and are the property of the builder and property management and are used for illustrative purposes only. Images may represent a similar unit, and actual room sizes, layouts, and finishes may vary. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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.

Area demographics

Trade area within 3 miles of the property.

Population

75,376

Households

32,778

Median income

$73,500

Median age

40.1

Daytime population

120,838

5-yr growth

3.3%

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

Secure deal room

Confidential diligence documents for 503 - 976 SIMCOE STREET N, Oshawa (Centennial).

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.