78 Richmond St W 57,246 SF Office Building Oshawa, ON L1G 1E1 For Sale

78 Richmond Street West is a centrally located two-storey office building in the heart of Oshawa’s downtown core. Situated within a vibrant urban setting, this property offers excellent accessibility and proximity to key amenities, including public transit, restaurants, retail shops, and civic institutions. Currently configured as an office space, the property presents an exceptional opportunity for future redevelopment. With a proposed residential conversion potential, the site is well-positioned for a mixed-use or multi-residential development, aligning with the city’s ongoing urban growth and intensification plans. This rare offering combines immediate usability with long-term investment potential, making it an attractive prospect for developers and investors looking to capitalize on Oshawa’s evolving skyline. 78 Richmond St W falls within the City of Oshawa’s exemption area for residential development charges. As a result, the subject property is exempt from development charges estimated to be in excess of $22,000,000. Furthermore, the property is also subject to property tax grants of approximately $4,100,000 over a 9 year period.