$3,750,000
Available - For Sale
Listing ID: E11984839
10 Russett Avenue , Oshawa, L1G 3R5, Durham
| 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 | $3,750,000 |
| Taxes: | $59469.42 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 10 Russett Avenue , 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 0 | |
| Washroom Type 27 | 0 | |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 |
| Category: | Multi-Use |
| Building Percentage: | T |
| Total Area: | 16040.00 |
| 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 |
| Sprinklers: | No |
| Washrooms: | 0 |
| 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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| RE/MAX HALLMARK FIRST GROUP REALTY LTD. |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Durham |
| Municipality: | Oshawa |
| Neighbourhood: | Centennial |
| Lot Size: | 299.26 x 136.92(Feet) |
| Tax: | $59,469.42 |
| Fireplace: | N |
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