For Sale · Office

SUITE 300 - UNIT 11 - 1717 2ND AVENUE E, Owen Sound

SUITE 300 - UNIT 11 - 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

89%

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. 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
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

109,501

Households

51,906

Median income

$73,500

Median age

37.6

Daytime population

130,464

5-yr growth

8.6%

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

Secure deal room

Confidential diligence documents for SUITE 300 - UNIT 11 - 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.