Homula Realty Brokerage
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472 Taunton Road W 3, Oshawa, ON L1L 0N8

Commercial Retail
$949,999

Client RemarksWelcome to Northwood Business Park, the largest and fastest-growing development in Durham Region. Spanning over 550 acres of mixed industrial and commercial space, this dynamic hub is ideal for your business. This brand-new commercial unit in North Oshawa is part of a stunning business center development, featuring over 200 parking spaces for the convenience of employees and customers. The unit is approximately 2,100 square feet and boasts impressive 20-foot ceilings, a 10-foot roll-up garage door at the front, and a 10-foot door at the rear, facilitating logistics and deliveries. A significant advantage is that the landlord has covered the city fees to change the use from industrial to commercial, valued at approximately $95,000. The unit is already approved for Office/Clinic space with the permit to start. Inside, the unit includes a rooftop AC/furnace, 200-amp service, and natural gas for reliable and efficient energy. Security is a priority, with two cameras at the front, two at the back, and a Network Video Recorder (NVR) for 24/7 monitoring. A built-in 600-square-foot steel mezzanine adds versatile space for offices or storage, along with rough-ins for a handicap-accessible washroom on the main floor and another washroom on the mezzanine. Signage opportunities above the unit and on Taunton Road provide high visibility, with over 32,000 cars passing by daily. Northwood Business Park is a vibrant community seeking professional offices or clinics no restaurants, please. A $100,000 investment in the steel mezzanine underscores the quality and potential of this space, ready to accommodate various business needs and serving as a gateway to endless business opportunities.

MLS number
E13045104
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
L1L 0N8
Photos
25
Property tax
$9,216 / year
140days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$190,000 · minimum here is $70,000
$4,206.39per month
Borrowed before insurance$759,999
Total borrowed$759,999
Interest over 25 years at 4.5%$501,918

If you rented it out

-$4,974.39per month out of pocket
Rent$0.00
Everything it costs to hold$4,974.39
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by ROYAL LEPAGE TERREQUITY TCK FINE HOMES REALTY. Listing data provided by the Toronto Regional Real Estate Board.