For Sale · Office

60 ATHOL STREET E, Oshawa (Central)

60 ATHOL STREET E, Oshawa (Central), ON L1H8B7

$2.5M total

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Asset Class

Office

Size

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Building class

A

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

100%

About this property

Versatile standalone commercial building in the heart of downtown Oshawa, presenting an exceptional opportunity for investors, developers, and owner-users alike. The property supports a wide range of uses including medical, clinical, food processing, commissary kitchen, and other specialized commercial operations. Positioned on its own parcel in Oshawa's evolving downtown core, the property offers compelling long-term Commercial/Residential redevelopment potential. Whether maintained as an income-producing asset, repositioned through renovation, or considered for future redevelopment or a complete rebuild (subject to all required municipal approvals), the site provides flexibility to capitalize on the area's ongoing growth and revitalization. The building features ample on-site parking and excellent accessibility, with convenient connections to major highways, public transit, and nearby amenities. A significant highlight is the approximately 4,200 sq. ft. high-ceiling basement, with portions extending a few feet above grade, providing bright, functional space ideal for storage, production, additional workspace, or other complementary commercial uses. Existing improvements include a walk-in cooler and infrastructure suitable for food or healthcare-related operations, offering potential cost savings for end users. With its adaptable layout, substantial lower-level space, strategic location, existing specialized improvements, and future redevelopment potential, this is a rare opportunity to acquire a well-positioned commercial asset with both immediate functionality and long-term value appreciation. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.50M
Down payment30% · $750K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$12K

Projected NOI

$171K

Annual cash flow

$33K

Cash-on-cash

4.34%

DSCR

1.24

Going-in cap

6.84%

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

60,230

Households

23,156

Median income

$64,000

Median age

39.1

Daytime population

64,422

5-yr growth

4%

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

Secure deal room

Confidential diligence documents for 60 ATHOL STREET E, Oshawa (Central).

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.