haho.ca
$425,000
For sale

#16-17 1285 Elgin Mills Road East, Richmond Hill (Rouge Woods) - Business for Sale

#16-17 1285 Elgin Mills Road East, Richmond Hill (Rouge Woods), Ontario, L4S0B5

2,540 ft²Listed 163 days ago
Overview

This business in Richmond Hill is for sale offering roughly 2,540 sq ft of space.

Description

A rare chance to secure a fully equipped, turn-key restaurant space in one of Richmond Hill's most active and sought-after commercial plazas. Positioned at a high-traffic intersection surrounded by dense residential communities, top-rated schools, major green space, and convenient highway access - this is the kind of location that operators spend years searching for.2,500 sq ft of professionally built-out restaurant space. 60 seats. Full commercial kitchen designed for high-volume service. This space has proven itself year after year - maintaining a loyal and growing customer base while generating a built-in institutional revenue stream that speaks volumes about the strength and consistency of this location.The previous establishment held LLBO licensing - giving the incoming operator a clear and established path to obtaining their own liquor licence and unlocking a significant additional revenue opportunity from day one.The space is fully equipped and ready for immediate possession. Bring your concept, your cuisine, your brand. Whether you are an experienced operator looking to expand into a proven market or an aspiring owner ready to open your doors in the right location - everything you need is already here.Your vision. Your menu. Your name on the door. The hard part is done - this is your opportunity to walk into a space that was built to succeed and is ready for its next chapter. (id:66096)

Property Details

MLS®
N13176754
Property Type
Business
Business Type
Restaurant
Zoning
Restaurant
Interior Size
2,540 ft²
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Listed
163 days ago

Features

Appliances
Oven, Freezer, Hood Fan

Services

Water
Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market
163d
Richmond Hill (Rouge Woods) listings, avg age
68d
Price / ft²
$167
List price
$425K

Long Listed: 163 days on market, against an average age of 68 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.

Haho

This business in Richmond Hill (Rouge Woods) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Listed by RIGHT AT HOME REALTY · SARFRAZ AKBER JUMA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4S)

This home lists at $425,000, about 3.6× the local median household income of $119,000.

Carrying it typically needs a household income of about $83,017 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income
$119,000
Population
36,688
Median age
43.2
Owner / renter
85% / 15%
Avg. household size
3.2

Source: Statistics Canada, 2021 Census (FSA L4S)

$425,000· $167/ft²
For sale

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Financing

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$425,000

Richmond Hill

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