$750,000 - 1445 Harmony Road Unit 500, Oshawa
Commercial for Sale in Oshawa
68 days on marketNeighbourhood: Taunton
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- E13626210
- Property Type
- Commercial
- Status
- active
- Days on Site
- 68
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Oshawa
- Listing Brokerage
- EASY LIST REALTY LTD.
Visit the REALTOR website for further information about this Listing. Rare opportunity to acquire a well-established and profitable COBS Bread franchise in the rapidly growing Durham Region. This successful bakery has built a loyal customer base, strong community presence, and consistent sales performance, making it an ideal investment for owner-operators or experienced multi-unit franchisees. No guessing on how a new location will perform and can project expected growth. Located in a high-traffic retail plaza (Smart Centres) which is surrounded by residential neighborhoods, schools, and major retail anchors, this business benefits from excellent visibility, ample parking, and steady year-round customer traffic. Housing in the area continues to be developed, with planning in place for an additional 46,000 homes. COBS Bread is one of Canada's most recognized bakery franchises, known for high-quality fresh-baked products and strong franchise support systems. This location offers a proven business model with immediate cash flow and significant upside potential in one of the GTA's fastest-growing markets. Tenured staff, consistent and predictable customer count with endless opportunities for community growth. Ideal for entrepreneurs seeking a turnkey operation with established systems, strong brand recognition, and a history of profitability. This is an excellent opportunity for an owner operator. Royalties are 7% +3%. Location is 4yrs into a 10+10 lease. All equipment was brand new in 2022 and is maintained regularly and is in like new condition. EBITDA of approximately 15%. Current owner is needing to downsize their operations. Initial inquiries will be managed by current franchisee, with all detailed financials to be provided at the appropriate point in due diligence phase of franchise approval process. Taxes included in cost of rent.
Estimate your monthly payments for this property
Estimated Payment
$3,847.89/mo
Includes CMHC insurance ($20,925)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Taunton
Taunton is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Taunton
- •Convenient location in Oshawa
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Taunton offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1445 Harmony Road Unit 500, Oshawa
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $682/sqft, this is priced in the upper range for GTA commercial — typical for prime locations or newer buildings. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Extended Exposure — Negotiating Room
At 68 days on market, this commercial property has had significant exposure. Commercial listings typically take longer to sell than residential, but this timeline may indicate pricing or tenancy issues worth exploring. A motivated seller often means better terms for a prepared buyer.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Oshawa transactions.