For Sale · Retail

638 MERRITT STREET, Oshawa (Lakeview)

638 MERRITT STREET, Oshawa (Lakeview), ON L1H4W4

$499,000 total

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Asset Class

Retail

Size

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Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

97%

About this property

PSC-A = Planned Strip Commercial - A Zone. This is a relatively flexible zoning category that permits a combination of commercial, residential and institutional uses. Residential Apartment buildings, block townhouses, flats Mixed-use Commercial/residential buildings Retail Retail stores Professional Offices, financial institutions Hospitality Hotels, restaurants Personal services Personal service establishments Education Commercial and private schools Community Daycare centres Seniors housing Retirement homes. Multiple On/Off Ramps To 401 Within Blocks. Approx. 1500 Ft Retail Space (id:66811)

Financial sandbox

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Estimate
Purchase price$499K
Down payment30% · $150K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$30K

Annual cash flow

$3K

Cash-on-cash

1.69%

DSCR

1.09

Going-in cap

6.05%

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

113,939

Households

45,466

Median income

$133,000

Median age

36.4

Daytime population

134,958

5-yr growth

4.3%

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

Secure deal room

Confidential diligence documents for 638 MERRITT STREET, Oshawa (Lakeview).

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.