For Lease · Specialty

828 3RD Avenue E, Owen Sound

828 3RD Avenue E, Owen Sound, ON N4K2K5

Price on request

1,870 SF

Asset Class

Specialty

Size

1,870 SF

Building class

A

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

95%

About this property

Excellent opportunity to lease flexible commercial space in Downtown Owen Sound. Approximately 1,870 sq. ft. of main-floor commercial space plus approximately 2,000 sq. ft. of basement space included at no additional charge. Rent is $3,000 per month plus hydro. Tenant is responsible for garbage/recycling removal and snow removal. Located in a well-maintained mixed-use building with all nine residential units currently rented. Municipal parking is conveniently located beside the property, with monthly parking available for approximately $30.The space offers a flexible layout suitable for professional office, wellness, salon, studio, training/education, service business, specialty retail or other permitted commercial uses. Two washrooms and a large lower-level area provide excellent additional storage, office or operational space. Immediate possession available. Excellent value for a tenant looking for substantial commercial space in a convenient Downtown Owen Sound location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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.

Rent roll (estimated)

TenantAreaExpiry
Aurora Legal LLP1,222 SF2034-10
Aurora Legal LLP400 SF2034-10
Aurora Legal LLP400 SF2034-10

Area demographics

Trade area within 3 miles of the property.

Population

119,741

Households

52,847

Median income

$87,000

Median age

41.7

Daytime population

202,660

5-yr growth

4.2%

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

Secure deal room

Confidential diligence documents for 828 3RD Avenue E, 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.