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Home ON Greater Oshawa Oshawa Centennial
10 RUSSETT AVENUE
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10 RUSSETT AVENUE $4,900,000
$4,900,000
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10 RUSSETT AVENUE
Oshawa (Centennial), Ontario L1G3R5

MLS® Number: E11984839

Listing Description

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. (39929213)

Location Description

Simcoe St N & Taunton Rd W

Property Summary

Property Type
Retail
Community Name
Centennial
Land Size
299.26 x 136.92 FT ; Irregular Lot
Annual Property Taxes
$59,469.42
Time on REALTOR.ca
46 days

Building

Heating & Cooling
Cooling
Partially air conditioned
Heating Type
Other (Natural gas)
Utilities
Water
Municipal water
Neighbourhood Features
Amenities Nearby
Highway, Public Transit

Measurements

Square Footage
16040 sqft

Land

Lot Features
Frontage
299 ft ,3 in
Land Depth
136 ft ,11 in
Other Property Information
Zoning Description
PSC-A
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
KRISTOFER GAMBOA