22 King St W

*ATTENTION INVESTORS* Great Investment Opportunity With Solid Tenants In The Heart Of Downtown Oshawa. This Condo Titled Building Has A Cap Rate Of Over 5% W/ Lots Of Rental Upside Potential. Recently Renovated Including All Major Mechanical Systems. ***Property Appraised At $5.76M At Full Tenancy!! Right Across Ministry Of Finance, Adjacent To Go Bus Terminal And Ample Parking. Surrounded By Amenities Such As Banks, Restaurants, Etc. *MOTIVATED SELLER*

A RARE FIND...Two separate buildings on 122' x 334' lot with a total of 8 individual Commercial Units. Each Unit complete with 10' x 10' grade-level ship doors & 12' clear interior height. The planned Strip Commercial PSC-A/EU zoning allows for a wide range of Commercial and Residential uses including but not limited to: Retail Store, Restaurant, Automobile Sales, Service, Rental & Repair, Personal Service Establishment, Office, Craft Brewery, Commercial Recreation Establishment, Church, Animal Hospital, Funeral Home, Retirement Home, Long-Term Care facility, Nursing Home & much more. Zoning also allows for Apartment or Block Townhouse Re-development. Both buildings are fully leased on a month to month basis only, at rates considerably below market, allowing for potential significant income upside. The month to month leases allow for the sale of the property to an end user for their own, partial or complete use or for potential re-development of the property for Residential purposes.

This 0.37 Acre parcel offers many options with its Planned Strip Commerical (PSC-A, R3-A, R5-B, R7-A) zoning including office space, retirement home, private school, long-term care facility, and much more. The building offers over 7000 square feet currently used as a mix of office and living space with a partial basement, 400 amp electrical service, forced air gas heating, central air and a gas generator.