For Sale · Office

SUITE 300 - UNIT 1 - 1717 2ND AVENUE E, Owen Sound

SUITE 300 - UNIT 1 - 1717 2ND AVENUE E, Owen Sound, ON N4K6V4

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

88%

About this property

Discover a better way to work with flexible, fully equipped coworking spaces in Owen Sound! Located along the waterfront in the well-known former BDO building, this professionally managed commercial property offers a cost-effective alternative to traditional office space. Ideal for small businesses, freelancers, consultants, startups, and remote professionals, the space features fully built-out private offices alongside shared workspaces, providing a professional place to work without the expense or commitment of traditional office space. This featured office provides just over 400 sq. ft. of well-designed workspace, featuring two private offices, a reception area, and private storage. Beyond your individual workspace, tenants enjoy access to an impressive selection of shared amenities designed to support productivity, collaboration, and convenience. These include high-speed internet, fully equipped meeting rooms, a shared kitchenette, a welcoming client waiting area, and a rooftop terrace offering a great place to recharge or enjoy the waterfront surroundings. With established neighbours, a professionally managed setting, and a range of amenities included within one predictable monthly rate, this coworking space offers everything you need to work, connect, and grow in one convenient location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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

133,452

Households

48,809

Median income

$104,500

Median age

33.7

Daytime population

145,353

5-yr growth

8.4%

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

Secure deal room

Confidential diligence documents for SUITE 300 - UNIT 1 - 1717 2ND AVENUE E, Owen Sound.

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.