For Sale · Office

578 KINGSTON ROAD W, Ajax (Central West)

578 KINGSTON ROAD W, Ajax (Central West), ON L1T3A2

$1.1M total

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Asset Class

Office

Size

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Building class

C

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

97%

About this property

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)

Financial sandbox

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Estimate
Purchase price$1.07M
Down payment30% · $321K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 578 KINGSTON ROAD W, Ajax (Central West).

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.