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$4,900,000
Available - For Sale
Listing ID: E11984839
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.
Price $4,900,000
Taxes: $59,469.42
Tax Type: Annual
Occupancy by: Tenant
Address: 10 Russett Aven , Oshawa, L1G 3R5, Durham
Postal Code: L1G 3R5
Province/State: Durham
Lot Size: 299.26 x 136.92 (Feet)
Directions/Cross Streets: Simcoe St N & Taunton Rd W
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Category: Multi-Use
Building Percentage: T
Total Area: 16,040
Total Area Code:  Square Feet
Industrial Area: 9700
Office/Appartment Area Code: Sq Ft
Retail Area: 6340
Retail Area Code: Sq Ft
Area Influences: Major Highway   Public Transit
Financial Statement: T
Chattels: F
Franchise: F
Maintenance: 0
Sprinklers: No
Double Man Shipping Doors #: 1
  Height Feet: 12
  Width Feet: 10
Drive-In Level Shipping Doors #: 2
  Height Feet: 14
  Width Feet: 12
Grade Level Shipping Doors #: 1
Height Feet: 16
Width Feet: 12
Heat Type: Gas Forced Air Open
Central Air Conditioning: Partial
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK FIRST GROUP REALTY LTD.

10 Russett Aven , Oshawa, L1G 3R5, Durham


 
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At a Glance:
Type: Com - Commercial Retail
Area: Durham
Municipality: Oshawa
Neighbourhood: Centennial
Style:
Lot Size: 299.26 x 136.92(Feet)
Approximate Age:
Tax: $59,469.42
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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