For Sale · Office

SUITE 200 - OFFICE 14 - 1450 1ST AVENUE W, Owen Sound

SUITE 200 - OFFICE 14 - 1450 1ST AVENUE W, Owen Sound, ON N4K6W2

Price on request

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Asset Class

Office

Size

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Building class

C

Zoning

CB2 — Central Business

$ / SF

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Occupancy

84%

About this property

Introducing a new standard for modern workspaces at the Northridge BizPlex in Owen Sound - a thoughtfully designed commercial office environment that aligns with how today's professionals actually work. Perfectly positioned along the waterfront, this innovative development offers a flexible, cost-effective alternative to traditional office space. Tailored for small businesses, freelancers, and remote professionals, these private offices are fully built-out and turnkey-eliminating the need for costly renovations or inefficient layouts. Beyond your private office, the Northridge BizPlex offers a full suite of shared amenities designed to support productivity and professionalism. Enjoy high-speed internet, fully equipped meeting rooms, hot desk options, a shared kitchenette, and a welcoming client waiting area-all included within one predictable monthly rate. This contemporary office suite also features expansive windows, 9-foot ceilings, premium lighting, excellent soundproofing and polished reception areas that create a strong first impression for clients. With Phase One now available and Phase Two currently under construction, this is an ideal opportunity for forward-thinking businesses to secure space and plan ahead for future growth. Step outside and experience the added value of this exceptional location, just moments from the harbour front, nearby amenities, and everyday conveniences. Whether you're launching, scaling, or refining your business environment, the Northridge BizPlex delivers a seamless blend of flexibility, functionality, and location-redefining office space in Owen Sound. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

129,091

Households

54,870

Median income

$100,500

Median age

32

Daytime population

114,019

5-yr growth

1.9%

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

Secure deal room

Confidential diligence documents for SUITE 200 - OFFICE 14 - 1450 1ST AVENUE W, 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.