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List Price: $4,900,000

10 Russett Avenue, Oshawa, L1G 3R5

- By RE/MAX HALLMARK FIRST GROUP REALTY LTD.
Commercial Retail|MLS - #E11984839|New
Bed
Bath
16040 Sqft.
In/Out Garage

Client Remarks

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.
Property Description

10 Russett Avenue, Oshawa, L1G 3R5

Property type

Commercial Retail

Lot size

N/A acres

Style

Approx. Area

16040 Sqft

Home Overview

Last check for updates

Virtual tour

N/A

Basement information

Building size

16040

Status

In-Active

Property sub type

Maintenance fee

$N/A

Year built

--

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10 Russett Avenue, Oshawa, L1G 3R5
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Sales Representative

Shally Shi

Sales Representative, Dolphin Realty Inc

English, Mandarin
Commercial PropertiesProperty Management

Mortgage Information

Estimated Payment

$0 Principal and Interest

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