#4 10 Headdon Gate, Richmond Hill (Mill Pond) - Business for Sale
#4 10 Headdon Gate, Richmond Hill (Mill Pond), Ontario, L4C8A3
This business in Richmond Hill is for sale offering roughly 1,087 sq ft of space. It has been on the market 19 days, fresher than the Richmond Hill average of 56 days.
Description
Well-established dry cleaning and laundry business operated by the owner for over 26 years at this busy location. Located in a high-traffic plaza in the desirable Mill Pond community, surrounded by affluent high-income neighborhoods,hospital,restaurants, diverse local businesses. Stable customer base.The business is equipped with PERC-Free ,eco-friendly dry cleaning equipment and generates additional revenue through professional alteration services.The retiring owner has not partnered with any depots, presenting a significant growth opportunity for the new owner to expand by adding depot relationships and potentially tripling current sales. (id:66096)
Property Details
- MLS®
- N14087618
- Property Type
- Business
- Business Type
- Service
- Zoning
- Commercial
- Interior Size
- 1,087 ft²
- Heating
- Forced air, Natural gas
- Cooling
- None
- Listed
- 19 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 19 days on market, against an average age of 56 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 19 days, which is 37 days fresher than the city average of 56. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L4C)
This home lists at $150,000, about 1.7× the local median household income of $86,000.
Carrying it typically needs a household income of about $29,300 (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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$150,000
Richmond Hill