$1,499,000

For sale

#1 110 West Beaver Creek Road, Richmond Hill (Beaver Creek Business Park) - Office for Sale

#1 110 West Beaver Creek Road, Richmond Hill (Beaver Creek Business Park), Ontario, L4B3L6

2 baths2,560 ft²Listed 34 days ago

Overview

This office property in Richmond Hill is for sale offering roughly 2,560 sq ft of space. It has been on the market 34 days, fresher than the Richmond Hill average of 83 days.

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Description

An exceptional opportunity to own an industrial condo in the desirable Beaver Creek Business Park location. Currently configured with multiple private offices, a kitchenette, two washrooms, and a back door. Can be easily converted to industrial area. The space provides a practical setup for businesses looking to establish or expand their operations. M-1, High Performance Industrial zoning, offers a variety of permitted uses, including manufacturing, printing establishments, research & development, data processing centres, and accessory office uses, subject to applicable zoning provisions. Conveniently located near Hwy7/407 and Hwy 404, with plenty of restaurants, amenities, and public transit close by. A strategic location offering functionality, accessibility, and room for your business to grow. A turnkey property in one the best commercial locations in Richmond Hill! (id:66096)

Property Details

MLS®: N13848426
Property Type: Office
Business Type: Other
Zoning: M-1
Bathrooms: 2
Interior Size: 2,560 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $9,439.96/yr
Listed: 34 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

34d

Richmond Hill (Beaver Creek Business Park) listings, avg age

83d

Price / ft²

$586

List price

$1.50M

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 office in Richmond Hill (Beaver Creek Business Park) has been listed for 34 days, which is 49 days fresher than the city average of 83. Act while there is still low competition.

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Listed by CENTURY 21 ATRIA REALTY INC. · NILOO BOROUMAND

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4B)

This home lists at $1,499,000, about 15.5× the local median household income of $97,000.

Carrying it typically needs a household income of about $292,807 (20% down, 25-yr amortization, stress-tested) — roughly 202% above 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)

$1,499,000· $586/ft²

For sale

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Financing

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