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$1.1M total
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Asset Class
Office
Size
—
Building class
C
Zoning
DC1 — Direct Control
$ / SF
—
Occupancy
97%
578 Kingston Rd is a fully modernized VC3-zoned commercial property offering the rare combination of structural authenticity and updated infrastructure on a 66 x 150 ft lot in Central West Ajax. The VC3 zoning provides flexible mixed-use potential, permitting a range of commercial uses with the opportunity for residential accommodation above, subject to applicable municipal regulations. Originally constructed as a barn, the building retains continuous barn boards running floor to roof and exposed structural elements, while the interior has been opened to create cathedral ceilings, a loft aligned with the roofline, and consistent natural light throughout.Major capital components have been updated, including roof (2019), windows and exterior doors (2021), insulation, plumbing, electrical panel, HVAC (zoned), and drainage improvements, with renovations completed under permits and a finalized site plan available. Exterior improvements include organized hardscaping, professional landscaping, a wraparound front porch, rear deck, accessible ramp, and approved illuminated signage on both front and side elevations.At the rear, the property offers nine surface parking spaces including an accessible space, delivery access suitable for large trucks, and a detached two-car garage/workshop with spray foam insulation, separate breaker panel, and underground rough-in gas line. Inside, designer-led renovations feature custom cabinetry, integrated appliances, stone countertops, reclaimed barn board flooring, built-in millwork, LED lighting, and thoughtful storage throughout.Walking distance to historic Pickering Village with convenient highway and transit access, this is a turnkey commercial asset suited to an established operator seeking visibility, flexibility, and long-term durability without immediate capital reinvestment. (id:66811)
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Monthly debt service
$5K
Projected NOI
$79K
Annual cash flow
$20K
Cash-on-cash
6.31%
DSCR
1.34
Going-in cap
7.43%
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.
Trade area within 3 miles of the property.
Population
127,324
Households
47,261
Median income
$90,500
Median age
42.1
Daytime population
178,675
5-yr growth
7.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 578 KINGSTON ROAD W, Ajax (Central West).
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.