$1,249,900 - 71 Albert Street, Oshawa
Commercial for Sale in Oshawa
84 days on marketNeighbourhood: Central
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- MLS Number
- E13567894
- Property Type
- Commercial
- Status
- active
- Days on Site
- 84
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 8,471 sqft
- Neighbourhood
- Oshawa
- Taxes (2025)
- $16,954
- Listing Brokerage
- Royal LePage Our Neighbourhood Realty
Oshawa has one of the highest rates of population growth in Ontario & is expected to continue to grow. It boasts Hospital, Durham College, Trent University Durham, UOIT & Queen's University. The downtown core enjoys entertainment/sporting events with Regent Theatre, Tribute Centre, restaurants, museum, gallery & Court House making a diverse area to suit every need. Proximity to expanding GO Transit (estimated economic value 1.1 Billion in urban development), Hwy 401/407 allows for easy access for clients from any location. This property has maintained many classic architectural features such as Victorian spiral staircase & bay windows. The "Victorian Office" is one of the main floor's standout units, a spacious & elegant suite featuring high ceilings, intricate decorative moulding & grand chandelier that exudes timeless Victorian charm. Main-floor private reception office offers a welcoming, modern environment featuring dedicated reception area & 2 private offices. Tastefully decorated throughout, the space is ideal for a small business seeking both functionality & style. The featured 2nd flr office is a modern suite with 2 connected offices separated by a door, offering both collaboration and privacy. The space showcases sleek laminate flooring, fresh neutral paint, and chic contemporary decor making it an ideal setting for a small business. A unique offering within the building is a loft office providing a private, open-concept workspace complete with ensuite kitchen perfect for professionals seeking a quiet functional setting. The property offers a total of 10 rental offices providing a range of options to suit various business needs. It has a beautiful stucco exterior, large advertisement post, Rentable spaces: basement storage, 7 garage and 8 exterior parking spaces with Municipal Parking across the street. Ideal location for lawyers, doctors, accountants & many other professional services. *Fully rented* 6 outside door cameras-24/7 surveillance
Estimate your monthly payments for this property
Estimated Payment
$5,528.73/mo
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 Central
Central 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 Central
- •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
Central 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.
71 Albert Street, 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 $148/sqft, this is priced on the lower end for commercial, which warrants investigating condition, zoning restrictions, and tenancy. 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 84 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.