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$995,000 total
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Asset Class
Specialty
Size
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Building class
A
Zoning
US — Urban Services
$ / SF
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Occupancy
95%
Welcome to 17 Erie Street, a unique property offering an exciting opportunity that doesn't come along often in Oshawa. Whether you're looking to expand an existing ministry, establish a new place of worship, or explore the property's potential for alternative uses, this property presents an opportunity to bring your vision to life. Designated PSC-A (Planned Strip Commercial) zoning, the property offers a diverse range of potential uses, including places of worship, offices, day care centres, private schools, etc. Once inside, you will be greeted by a large 2 section nave with capabilities of seating 150 people or the option of partitioning for smaller congregations. This space is flanked by a mezzanine perfect for extra seating or audio/visual use, 3 office spaces for various uses and lots of windows allowing an abundance of natural light. The stairs bridging the main and basement floors is accompanied by a TSSA approved chair lift complimented by outside wheelchair accessibility. The large basement has ample storage space, a large kitchen, 2 washrooms perfect for an after-service retreat and also presents itself as a perfect lease opportunity. Additional information - A/C approximately 7 years old, furnace 2026, security cameras and alarm system, no property taxes being paid due to current use classification. Don't miss out on this one of a kind property! (id:66811)
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Monthly debt service
$5K
Projected NOI
$75K
Annual cash flow
$20K
Cash-on-cash
6.80%
DSCR
1.37
Going-in cap
7.58%
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
111,627
Households
41,513
Median income
$81,500
Median age
44.2
Daytime population
157,223
5-yr growth
7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 17 ERIE STREET, Oshawa (Lakeview).
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.