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Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage Yes
Maintenance Fees 
Taxes $59,469
Days Active 116
Approx. Age 
MLS® Number E11984839

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® NumberE11984839
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatGas Forced Air Open
A/CPartial
Heating Fuel

Extras

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