ON > Durham > Centennial
Durham, ON L1G 3R5,10 Russett AVE
Durham, ON L1G 3R5,10 Russett AVE
Durham, ON L1G 3R5,10 Russett AVE
Durham, ON L1G 3R5,10 Russett AVE
Durham, ON L1G 3R5,10 Russett AVE
Durham, ON L1G 3R5,10 Russett AVE
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Mike Taylor

Mike Taylor

+1(705) 985-1110
$ 4,900,000
Est. payment | /mo

16,040 SqFt

Save Virtual Tour
$ 4,900,000
Est. payment | /mo
Save Virtual Tour

16,040 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 16,040 sqft

Price per Sqft $305

Subdivision Centennial

MLS Listing ID E11984839

Annual Tax Amount $59,469

Tax Year 2024

Property Sub-Type Commercial Retail

Property 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.

Location

Province ON

County Durham

Community Centennial

Area Durham

Interior

Cooling Partial

Exterior

Community Features Major Highway, Public Transit

Utilities Available Available

Lot Frontage 299.26

Lot Depth 136.92

Others

Security Features No

ParcelsYN No

Virtual Tour https://www.winsold.com/tour/388102

Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD.
Mike Taylor

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

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10 Russett AVE