10 Russett Avenue Oshawa ON L1G 3R5
Listing ID
#E11984839
Property Type
Commercial Retail
County
Durham
Neighborhood
Centennial
Days on website
69
Rare opportunity to own a well-cared-for, income-producing property in a prime, high-traffic location, ideal for investors seeking a diverse and stable income stream with potential for future growth. This fully leased commercial property offers a rare mixed-use investment opportunity in a high-traffic area with excellent exposure. The property includes two distinct buildings: a free-standing industrial building with two units, each featuring two drive-in bays, and a retail strip plaza with four fully leased units. Located near a busy intersection and just minutes from Durham College and Ontario Tech University, the property benefits from high foot traffic and great visibility. It is also close to the new RioCan shopping plaza and expanding residential developments, ensuring continued demand from both retail and industrial tenants.The industrial building has undergone modern upgrades, including new overhead garage doors, updated heating and air conditioning systems, and a new roof, all of which contribute to its long-term reliability and minimal maintenance costs. Ample parking is available for both retail and industrial tenants, supporting smooth operations for all users. As a turnkey investment, all units are fully leased with tenants in place, providing an immediate return on investment with a hassle-free transition. Additionally, the property is in the early stages of a severance application for the retail and industrial buildings, offering potential for future development opportunities.
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List Price:
$ 4900000
Taxes:
$ 59469
Air Conditioning:
Partial
Area Influences:
Major Highway, Public Transit
Garage Type:
In/Out
Heat Type:
Gas Forced Air Open
Lease:
For Sale
Utilities:
Available
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Direct link:
https://www.search.durhamregionhomesales.com/listings/direct/2f819ef53301324f73bff10350abec5e
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Listed By:
RE/MAX HALLMARK FIRST GROUP REALTY LTD.
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Last Updated On:Saturday, May 3, 2025 at 7:56 AM