##25 & #26 328 Highway 7 E, Richmond Hill (Doncrest) - Business for Sale
##25 & #26 328 Highway 7 E, Richmond Hill (Doncrest), Ontario, L4B3P7
This business in Richmond Hill is for sale offering roughly 3,526 sq ft of space. It has been on the market 54 days, fresher than the Richmond Hill average of 67 days.
Description
Excellent Opportunity To Acquire A Well-Established Xiao Long Kan Hot Pot Restaurant In A Prime Richmond Hill Location. Operating For Many Years And Known As A Popular GTA Hot Pot Destination, This Turn-Key Restaurant Features Attractive Interior Finishes, A Fully Equipped Professional Commercial Kitchen, And A Functional Dining Layout. Ideal For Continued Operation Or Conversion To Your Own Restaurant Concept. Located In A Busy, High-Traffic Plaza With A Strong Mix Of Tenants Including RBC, Bank Of China, Bubble Tea Shops, Nail Salon And Other Retail And Service Uses, Generating Consistent Daily Foot Traffic. Excellent Visibility, Ample Plaza Parking And Convenient Access To Major Roads And Transit. Liquor Licence In Place. A Rare Opportunity For An Owner-Operator Or Established Restaurant Group Looking To Expand In One Of Richmond Hill's Most Active Dining Hubs. (id:66096)
Property Details
- MLS®
- N13773790
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Interior Size
- 3,526 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 54 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 54 days on market, against an average age of 67 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 (Doncrest) has been listed for 54 days, which is 13 days fresher than the city average of 67. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L4B)
This home lists at $480,000, about 4.9× the local median household income of $97,000.
Carrying it typically needs a household income of about $93,761 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $97,000
- Population
- 36,080
- Median age
- 45.6
- Owner / renter
- 80% / 20%
- Avg. household size
- 2.8
Source: Statistics Canada, 2021 Census (FSA L4B)
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Buying this business?
Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.
Ask about acquisition financing →
$480,000
Richmond Hill