10 Russett Avenue , Oshawa, ON L1G 3R5
Oshawa, ON L1G 3R5
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.
Details
| MLS# | E11984839 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 56 |
| Listing Provided By | RE/MAX HALLMARK FIRST GROUP REALTY LTD. | E11984839 072300 |
Features
| SQ Feet | 16,040 |
|---|---|
| Acreage | 0.37 |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Durham |
| City | Oshawa |
| Postal Code | L1G 3R5 |
| Area | Centennial |
| Listing VS Median (In L1G 3R5) | |
Price: $4,900,000 low | high Med: $4,900,000 SqFt: 16,040 low | high Med: 16,040 $ / SqFt: $305 low | high Med: $305 On site: 56 low | high Med: 56.000000 | |
