174 Ritson Rd S

Oshawa, L1H5H5
UNAVAILABLE
174 Ritson Rd S, Oshawa
Retail
CATEGORY
12,948 Sq Ft
TOTAL AREA
E4133825
MLSID
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Property Description
Commercial Plaza For Sale.Excellent Opportunity To Own A Fully Leased Retail Plaza In The Booming City Of Oshawa. This Is A Corner Plaza Located On Ritson Road And Eulalie Avenue With 23 Parking Spots, Just South Of King St.This Plaza Has 3 Commercial Units And Residential Unit At Back: Unit 1 Is A Convenience Store(Long Term Tenant) Unit 2&3 Combined And Leased To A New Coin Laundromat. The Residential At The Back Of Property Are Fully Occupied And Rented.
Extras
Property Has Been Extensively Renovated,With New Facade,New Roof.The Apartment Is Renovated And Updated. Residential Brings In $2400/Month & Convenience Store $3875/Month,Laundromats $3390 Per Month.The Cap Rate Is 5% W/ Upside Potential
Property Details
Category
Retail
Usage
Retail Store Related
Zoning
Commercial
Total Area
12,948 Sq Ft
Retail Area
12,948 Sq Ft
Lot Size
104' x 124'
Taxes
$11,209 (2017)
Air Conditioning
Yes
Listing contracted with Century 21 Innovative Realty Inc., Brokerage
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Estimated Rent Income $8,500+TMI. Detached Structure that consists of two fast food restaurants, Two BR Apt and One BR Apt Basement (MOLTIPLEX BIDC). Plenty of parking at rear. Well maintained and newly renovated stand alone building in the heart of the Oshawa City. Excellent CAP Rate. High Visibility Perfect Option For Income Property.
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