45 Richmond Street, Oshawa, ON

Description

We are pleased to present 45 Richmond Street West, a compelling retail investment opportunity located in the heart of Oshawa. The property comprised approximately 5,212 square feet of main floor retail space, complemented by an additional 5,000 square feet of basement area, offering exceptional flexibility for retail operations, storage, or future expansion. Situated on a prominent 0.44 - acre corner lot at the intersection of Bond Street West and Centre Street North, the asset benefits from strong exposure along a high-traffic corridor in a growing urban node. The property is currently owner-occupied by a grocery store and included 28 surface parking spaces, providing convenient access for customers and staff. The building has undergone significant capital improvements, with over $1 million invested into renovations, resulting in a well-maintained asset with minimal near-term capital requirements. Zoned UGC-A (Urban Growth Centre), the property permits high-density mixed-use development with a maximum density of 1,000 units per hectare, providing investors with strong long-term redevelopment and intensification potential. Strategically positioned in a rapidly evolving area with strong population growth and nearby development activity, 45 Richmond Street West Presents a rare opportunity to acquire a high-exposure retail asset with both stable occupancy characteristics and significant upside potential.