For Sale · Office

200 - 406 NORTH SERVICE ROAD E, Oakville (QE Queen Elizabeth)

200 - 406 NORTH SERVICE ROAD E, Oakville (QE Queen Elizabeth), ON L6H5R2

$1.3M total

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Asset Class

Office

Size

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Building class

B

Zoning

CO — Commercial Office

$ / SF

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Occupancy

94%

About this property

Bright second-floor corner office condo for sale at 406 North Service Road East in Oakville. This nicely finished, self-contained unit offers a practical layout with 7 private glass offices, a spacious boardroom, an open area for additional desks or collaborative workspace, a kitchen, and two in-suite washrooms. Glass partitions and soft-close sliding doors allow natural light to flow throughout, creating a comfortable and professional setting. Well suited to a variety of professional office uses, with potential for medical or healthcare-related uses, subject to applicable zoning and condominium approvals. Furniture may also be available. Features include ample on-site parking, an electronic entry door lock, and signage exposure at the boulevard and building entrance. Conveniently located just off Trafalgar Road with easy access to the QEW, Oakville GO Station, restaurants, shopping, and nearby amenities. An excellent opportunity for businesses looking to own their office space or investors seeking an office condo in an accessible Oakville location. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.26M
Down payment30% · $377K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$87K

Annual cash flow

$17K

Cash-on-cash

4.61%

DSCR

1.25

Going-in cap

6.93%

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

75,655

Households

29,137

Median income

$76,000

Median age

43.1

Daytime population

101,696

5-yr growth

6.9%

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

Secure deal room

Confidential diligence documents for 200 - 406 NORTH SERVICE ROAD E, Oakville (QE Queen Elizabeth).

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.