Business For Sale · Specialty

17 ERIE STREET, Oshawa (Lakeview)

17 ERIE STREET, Oshawa (Lakeview), ON L1H3R1

$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%

About this property

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)

Financial sandbox

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Estimate
Purchase price$995K
Down payment30% · $299K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 17 ERIE 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.