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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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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