451 SIMCOE STREET, Oshawa (Central)451 SIMCOE STREET, Oshawa (Central) — photo 2
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Business For Sale · Multifamily

451 SIMCOE STREET, Oshawa (Central)

451 SIMCOE STREET, Oshawa (Central), ON L1H4J7

$3.9M total

13,896 SF

Asset Class

Multifamily

Size

13,896 SF

Building class

B

Zoning

RF6 — Medium Density

$ / SF

$281

Occupancy

90%

About this property

Exceptional Investment Opportunity In The Heart Of Central Oshawa! With Major Renovations In2026, This Mixed-Use Building Features 17 Total Units, Including 15 Residential Suites And 2Ground-Floor Retail Units. The Residential Mix Includes 2 Bachelor, 10 One-Bedroom, And 3Two-Bedroom Suites. Situated On A 0.32-Acre Lot With 22 On-Site Parking Spaces, The Property Is Zoned PSC-A And Located Within Oshawa's Central Planning Framework And PMTSA, Offering Excellent Long-Term Redevelopment Potential. Extensive Renovations Include New Plumbing, Electrical, HVAC, Framing, And Major Building Improvements, With The Remaining Interior Build-Out Nearing Completion. Seven Residential Units Are Already Leased, While The Remaining Residential And Two New Retail Units Offer Significant Upside Upon Completion. A Rare Opportunity To Acquire A Modernized, Income-Producing Mixed-Use Asset In A Rapidly Growing Urban Corridor. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$3.90M
Down payment30% · $1.17M
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$18K

Projected NOI

$134K

Annual cash flow

$-82K

Cash-on-cash

-6.98%

DSCR

0.62

Going-in cap

3.45%

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.7,086 SF2033-01
Cascade Foods Inc.3,062 SF2033-01
Cascade Foods Inc.2,303 SF2033-02

Area demographics

Trade area within 3 miles of the property.

Population

61,949

Households

22,028

Median income

$132,500

Median age

36.1

Daytime population

78,930

5-yr growth

4.8%

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

Secure deal room

Confidential diligence documents for 451 SIMCOE STREET, Oshawa (Central).

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.