This retail property in Richmond Hill is for sale offering roughly 1,518 sq ft of space. It has been on the market 41 days, fresher than the Richmond Hill average of 63 days.
Exceptional Commercial Opportunity At The Beverly Hills Residences, In A Prime Yonge St. Location Near Yonge & 16th Ave In The Heart Of Richmond Hill! This Offering Consists Of Two Connected Commercial Units Being Sold Together, Providing Approx. 1,518 Sq. Ft. Of Combined Space: SW1 (Level 1, Unit 14) Approx. 776 Sq. Ft. And SW2 (Level 1, Unit 15) Approx. 742 Sq. Ft.Both Units Are Offered In Unfinished Condition, Providing An Excellent Opportunity For Purchasers To Design And Finish The Space To Suit Their Own Business Needs. Functional, Approximately Square-Shaped Layout With Excellent Exposure Along The Yonge St. Corridor.Suitable For A Variety Of Potential Commercial Uses, Including Café, Medical, Dental, Clinic, Health/Wellness, Professional Office And Other Permitted Uses. Buyer/Buyer's Solicitor To Verify Intended Use, Zoning, Licensing And All Required Municipal Approvals/Permits.Convenient Underground Commercial Visitor Parking Available On A First-Come, First-Served Basis, With Approximately 42 Commercial Visitor Parking Spaces. Visitors Are Required To Register Their Vehicle/Plate Number. Elevator Access From P1 To The Concierge Level Provides Convenient Access to the Property.Excellent Richmond Hill Location Surrounded By Residential Density, Shopping, Restaurants, Public Transit And Everyday Amenities, With Convenient Access To Hillcrest Mall, Hwy 7, Hwy 407 And Richmond Hill GO Station.2025 Property Taxes: SW1 - $10,660.69; SW2 - $9,715.65. Common Element Fees: SW1 - $706.18/Month; SW2 - $675.24/Month. VTB Financing Available At A Favourable Rate. An Excellent Opportunity For An Owner-User Or Investor To Create A Customized Commercial Space In A High-Visibility Yonge Street Location. (id:66096)
Property Details
MLS®
N13831898
Property Type
Retail
Business Type
Personal Services
Zoning
COMMERCIAL CONDO
Interior Size
1,518 ft²
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Garage
Underground
Property Tax
$20,754.41/yr
Listed
41 days ago
Features
Lot Features
Elevator
Services
Water
Municipal water
Sewer
Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
41d
Richmond Hill (North Richvale) listings, avg age
63d
Price / ft²
$1,250
List price
$1.90M
Extended: 41 days on market, against an average age of 63 days across the listings currently for sale in this city
Market timing · days on market0 → 63d avg age of current listings
Extended · day 41
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 retail in Richmond Hill (North Richvale) has been listed for 41 days, which is 22 days fresher than the city average of 63. Act while there is still low competition.
Listed by CENTURY 21 HERITAGE GROUP LTD. · SARA SADR
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (L4C)
This home lists at $1,897,000, about 22.1× the local median household income of $86,000.
Carrying it typically needs a household income of about $370,551 (20% down, 25-yr amortization, stress-tested) — roughly 331% 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)
$1,897,000· $1,250/ft²
For sale
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Financing
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