$5,300,000
Richmond Hill
9875 Yonge Street, Richmond Hill (Harding), Ontario, L4C1V1
This retail property in Richmond Hill is for sale offering roughly 4,250 sq ft of space.
Rare opportunity to own your commercial address on Yonge Street - one of Ontario's most iconic and actively intensifying corridors. This move-in-ready 1.5-storey commercial building offers 3,782 sq ft of above-grade space across three levels: basement 823 sq ft, ground floor 2,164 sq ft, and second floor 795 sq ft. Three 8x20 ft storage containers add approximately 480 sq ft of enclosed utility space, easily retrofitted for warm/cold storage. Total GFA approximately 4,250 sq ft.The property holds an active occupancy certificate for retail use and is ready for immediate fit-out to suit your operation. On-site surface parking for 10-12 vehicles - an exceptional and increasingly rare amenity on Yonge Street that adds measurable commercial value for any use. Zoned RMU-COR1, among Richmond Hill's most permissive mixed-use designations, permitting office, major retail, medical, arts and cultural uses, live-work units, short-term accommodation, child care, private school, and more. Fit it out for your own business, lease it to a tenant, or structure a mixed-use strategy across floors. Positioned on a generous ~ 75 x 150 ft lot within Richmond Hill's designated Yonge Street intensification corridor, the Official Plan supports significant mid-to-high-rise densification along this stretch of Yonge. The land underneath this building appreciates on your behalf as the corridor evolves - making this the ideal buy-use-and-hold strategy for the sophisticated owner-occupier or investor. Stop writing rent cheques. Start building equity and capturing long-term land value on one of Ontario's most recognized streets. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 90 days on market, against an average age of 55 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 retail in Richmond Hill (Harding) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $5,300,000, about 61.6× the local median household income of $86,000.
Carrying it typically needs a household income of about $1,035,276 (20% down, 25-yr amortization, stress-tested) — roughly 1104% above the area median.
Source: Statistics Canada, 2021 Census (FSA L4C)
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