7 SIMCOE Street
Central / Oshawa, ON L1H 4G1
About This Property
Why rent? Run business in your own property while living upstairs! Commercial zoning permits many uses, Currently equipped as a Restaurant waiting for new owner/chef. Bring your Skills and Creativity to enhance your business in this high traffic and spacious location. All new Leasehold improvements done in 2022/2024. New 8' exhaust hood & fan, Fire Suppression system, Fryer, Walk-in-cooler, chest freezer, prep tables, three compartment sink with grease trap, basement fire-proofed. 2 new Washrooms-one accessible. New Furnace & HWT, Chairs, Tables, Front Counter, Cold units, Beverage coolers. Two Bedroom apartment on the second floor with spacious living/dining, kitchen, bathroom, patio is perfect for owner's use or extra rental income. Growing downtown Oshawa has multiple projects coming up including 90 unit luxury condo building, 119 unit Rental and Medallion project to bring 500 unit rental buildings in walking distance Tribute Centre and UOIT campus nearby. Busy Simcoe and King has great exposure. Multiple options for mixed use of this property. Don't miss out on this rare opportunity ! Commercial zoning allows multiple uses.
Property Details
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Features & Amenities
- View
- Air Conditioning
- Basement
TRREB MLS® Attribution
MLS® E13227890
Listed by RIGHT AT HOME REALTY
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Team Filipe · RE/MAX · (647) 210-6070
Mortgage Estimate
Est. Monthly Payment
$4,146
/month · $679,200 mortgage
Amortization
Total Interest
$564,534
Total Cost
$1,243,734
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
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RIGHT AT HOME REALTY