24
See all 24 photos
$4,900,000
Est. payment /mo
16,040 SqFt
New
10 Russett AVE Oshawa, ON L1G 3R5
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
02/24/2025 02:37 PM
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 16,040 sqft
Price per Sqft $305
Subdivision Centennial
MLS Listing ID E11984839
Annual Tax Amount $59,469
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
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.
Location
Province ON
County Durham
Community Centennial
Area Durham
Interior
Cooling Partial
Exterior
Community Features Major Highway, Public Transit
Utilities Available Available
Lot Frontage 299.26
Lot Depth 136.92
Others
Security Features No
Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD.