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$420,000 Monthly
2,000 SF
Asset Class
Specialty
Size
2,000 SF
Building class
B
Zoning
US — Urban Services
$ / SF
$210
Occupancy
83%
Year Built
2022
Lot Size
0.12373737373737374 ac
Prime commercial opportunity in a highly visible location just off Highway 1. Offered for sale at **$420,000**, this versatile commercial condominium features approximately **2,001 sq. ft. on the main floor plus a 607 sq. ft. mezzanine**, providing over **2,600 sq. ft. of functional space**.The unit is well equipped with a washroom, air conditioning, on-demand hot water, extensive electrical outlets, a high-end stereo system, and an **8-camera security system**. Double rear doors provide convenient access for loading equipment, materials, or inventory.Additional highlights include ample paved parking, affordable condominium fees, and excellent exposure with steady traffic generated by surrounding businesses. A great opportunity for an owner-user or investor looking for a well-located commercial property with flexible space and easy access to Highway 1. Property is also for lease at a base rent of $2,633.33 per month, plus 2026 operating costs of $1,052.54 per month. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$19K
Annual cash flow
$-4K
Cash-on-cash
-3.54%
DSCR
0.81
Going-in cap
4.48%
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.
| Tenant | Area | Expiry |
|---|---|---|
| Prairie Coffee Roasters | 1,073 SF | 2031-01 |
| Prairie Coffee Roasters | 400 SF | 2031-01 |
| Prairie Coffee Roasters | 400 SF | 2031-01 |
Trade area within 3 miles of the property.
Population
88,520
Households
33,621
Median income
$101,000
Median age
32.4
Daytime population
97,775
5-yr growth
1.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 105, 245 Canal Avenue, Strathmore.
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.