#2 60 Industrial Road, Richmond Hill (Crosby) - Business for Sale
#2 60 Industrial Road, Richmond Hill (Crosby), Ontario, L4C2Y1
This business in Richmond Hill is for sale offering roughly 4,445 sq ft of space. It has been on the market 67 days, fresher than the Richmond Hill average of 75 days.
Description
Rare opportunity to acquire a highly successful and well-established automotive business operating for 15 years at 60 Industrial Rd Unit B, Richmond Hill. This turnkey operation generates approximately $840,000 in annual gross sales and benefits from a highly attractive lease of only $6,734.67 per month including TMI. The premises feature 6 fully equipped service bays and 9 exclusive parking spaces, providing excellent capacity for repairs, maintenance, and vehicle sales operations. The property is zoned and licensed for both automotive repair and automotive sales, offering flexibility and multiple revenue streams for owner-operators and investors alike. Top Gear Automotive has built a strong reputation for quality workmanship, repeat clientele, and dependable service, creating a solid foundation for continued growth. A comprehensive list of equipment, tools, and chattels included in the sale will be provided separately. (id:66096)
Property Details
- MLS®
- N13724832
- Property Type
- Business
- Business Type
- Automobile
- Zoning
- Industrial
- Bathrooms
- 2
- Parking
- 9
- Interior Size
- 4,445 ft²
- Lot Size
- 25,700 sq ft (0.59 ac)
- Heating
- Forced air, Natural gas
- Cooling
- None
- Property Tax
- $4/yr
- Listed
- 67 days ago
Services
- Water
- Municipal water, Community Water System
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 67 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 67 days, which is 8 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 $499,000, about 5.8× the local median household income of $86,000.
Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 13% above 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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$499,000
Richmond Hill