10520 YONGE Street, Richmond Hill (Mill Pond) - Business for Sale
10520 YONGE Street, Richmond Hill (Mill Pond), Ontario, L4C3C7
This business in Richmond Hill is for sale offering roughly 1,041 sq ft of space. It has been on the market 42 days, fresher than the Richmond Hill average of 58 days.
Description
Rare turnkey opportunity to acquire a prime, fully equipped 1,041 sq. ft. Shawarma and quick-service Mediterranean Restaurant in the heart of Richmond Hill in the immediate area. Features a comfortable dining space seating 15, plus a fully loaded commercial kitchen complete with a commercial exhaust hood system, 3 refrigerators, and 3 shawarma rotisseries built for high-volume service for fast through and low labor overhead. Situated in a high-visibility, high-density plaza with secure long-term lease terms featuring 5-year renewal options. Strongly backed by an established online ordering system, active Instagram community, and steady walk-in traffic. A seamless, plug-and-play operation for an owner-operator or expanding brand looking for immediate cash flow. (id:66096)
Property Details
- MLS®
- N13825320
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- CC
- Bathrooms
- 1
- Interior Size
- 1,041 ft²
- Frontage
- 234 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 42 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 42 days on market, against an average age of 58 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 (Mill Pond) has been listed for 42 days, which is 16 days fresher than the city average of 58. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L4C)
This home lists at $355,000, about 4.1× the local median household income of $86,000.
Carrying it typically needs a household income of about $69,344 (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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$355,000
Richmond Hill