78 Richmond Street

Original Remarks

Opportunity to purchase an income-producing property with rental growth and Lease flexibility making it an excellent option for occupiers and investors. The property has multiple leases in place, some with near-term lease expiries. A mix of government and community focused tenants. Near term opportunity (September 1 or sooner) to occupy ground floor area soon to be vacated of approximately 12,124 sf. Included in the total square footage is 11,151 sf of partially finished, usable below grade space, an excellent option for overflow or storage. The property is serviced by one shipping door at the rear, accessible via the parking lot. Just minutes from the main intersection of King and Centre Street with multiple nearby retail amenities and great access to overflow public parking offerings. Now zoned UGC-B (Urban Growth Centre - B), the site benefits from one of Oshawa's most flexible and high-intensity mixed-use designations. Possible uses: Medical clinics, professional office, retail stores, restaurants, cafes, personal service shops, educational and training facilities, government and/or community services, cultural facilities, commercial recreation uses, fitness studios, daycares, tech, digital media studios, hotels/hospitality related, mixed-use residential buildings, and high-density residential or mixed-use redevelopment. Ideal for investors, end-users, or developers seeking long-term repositioning potential in a rapidly intensifying downtown corridor.