10123 Yonge Street, Richmond Hill (Crosby) - Business for Sale
10123 Yonge Street, Richmond Hill (Crosby), Ontario, L4C1T7
This business in Richmond Hill is for sale. It has been on the market 43 days, fresher than the Richmond Hill average of 75 days.
Description
Exceptional opportunity to own a fully equipped, turnkey restaurant in a high-visibility location on Yonge Street. Situated at 10123 Yonge Street, this established business benefits from excellent street exposure and steady residential and commercial traffic. The restaurant features seating for 32 guests, a liquor licence, an accessible washroom, and approximately 550 sq ft of valuable basement storage. More than $190,000 worth of kitchen equipment is included in the purchase price, offering a seamless transition and immediate operation for the new owner. Favourable lease terms include approximately three years remaining on the current five-year term, plus an additional five-year renewal option. Affordable monthly rent of approximately $4,700, including TMI, provides excellent value and long-term stability. Don't miss this rare opportunity to acquire a well-positioned restaurant with strong exposure, valuable equipment, and outstanding growth potential in the heart of Richmond Hill (id:66096)
Property Details
- MLS®
- N13822266
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- COMMERCIAL
- Frontage
- 5 m
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $20,855/yr
- Listed
- 43 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 43 days on market, against an average age of 75 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 97.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Richmond Hill (Crosby) has been listed for 43 days, which is 32 days fresher than the city average of 75. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L4C)
This home lists at $250,000, about 2.9× the local median household income of $86,000.
Carrying it typically needs a household income of about $48,834 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $86,000
- Population
- 74,636
- Median age
- 46
- Owner / renter
- 70% / 30%
- Avg. household size
- 2.6
Source: Statistics Canada, 2021 Census (FSA L4C)
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$250,000
Richmond Hill