$4,900,000
FOR SALE

Commercial/Retail

Lot: 299.25 x 136.92 ft

10 Russett Avenue
Oshawa (Centennial), ON L1G 3R5

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. (id:47421)
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Listed By RE/MAX HALLMARK FIRST GROUP REALTY LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number E11984839
Last Updated Feb 24, 2025
Property Summary
Property Type Commercial/Retail

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Community Centennial
Price History

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Detailed Information
Lot 299.25 x 136.92 ft
Amenities Nearby Highway, Public Transit
Listing Contract Date 2025-02-24
Location Description Simcoe St N & Taunton Rd W
Property Type Retail
Transaction Type For sale
Zoning Description PSC-A
Building
Cooling Type Partially air conditioned
Heating Fuel Natural gas
Heating Type Other
Utility Water Municipal water
Land
Total Size 299.26 x 136.92 FT ; Irregular Lot
Amenities Highway, Public Transit
Size of Irregular Land 299.26 x 136.92 FT ; Irregular Lot

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