$949,999 - 472 Taunton Road Unit 3, Oshawa
Commercial for Sale in Oshawa
165 days on marketNeighbourhood: Northwood
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- MLS Number
- E13045104
- Property Type
- Commercial
- Status
- active
- Days on Site
- 165
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 2,100 sqft
- Neighbourhood
- Oshawa
- Taxes (2025)
- $9,216
- Listing Brokerage
- ROYAL LEPAGE TERREQUITY TCK FINE HOMES REALTY
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.
Estimate your monthly payments for this property
Estimated Payment
$4,873.99/mo
Includes CMHC insurance ($26,505)
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 Northwood
Northwood 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 Northwood
- •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
Northwood 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.
472 Taunton Road Unit 3, Oshawa
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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 $452/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 165 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.