#102 (C2) 8888 Yonge Street, Richmond Hill (South Richvale), Ontario, L4C5V6
$1,569,000
Richmond Hill
This retail property in Richmond Hill is for sale offering roughly 2,026 sq ft of space. It has been on the market 47 days, fresher than the Richmond Hill average of 61 days.
Rare Opportunity To Own A Highly Visible Two-Level Commercial Unit In The Heart Of Richmond Hill At Yonge St & Hwy 7! Located In The Prestigious 8888 Yonge Mixed-Use Condominium Development, This Bright And Versatile Commercial Space Offers Approx. 2,026 Sq. Ft. Over Two Levels, Including Approx. 850 Sq. Ft. On The Ground Floor And 1,174 Sq. Ft. On The Mezzanine Level. Excellent Yonge Street Exposure With Expansive Windows Providing Exceptional Natural Light, Visibility And Signage Potential On Both Levels. Interior Staircase Connects The Main Floor To The Mezzanine, Creating A Unique Layout Ideal For Businesses Seeking Separate Customer-Facing And Office/Operational Areas. Potential Uses May Include Office, Retail, Medical, Café, Beauty/Wellness And Other Commercial Uses, Subject To Applicable Zoning And Municipal Approvals. Buyer And Buyer's Agent To Conduct Their Own Due Diligence And Independently Verify Zoning, Permitted Use, Licensing And All Municipal Requirements. Accessibility Lift Installation May Be Available At Additional Cost Through Builder- Recommended/Qualified Contractors. Convenient Commercial Parking Available On P1 On A First- Come, First-Served Basis, With Dedicated Elevator Access Connecting The Commercial Parking Level To The Main Level of the street. Additional Parking May Be Available For Purchase At $60,000 Or For Lease, Subject To Availability. One Of Only Three Commercial Units Within The Building. Exceptional Location In The Yonge & Hwy 7 Corridor, Surrounded By High-Density Residential And Commercial Development With Convenient Access To Major Roads, Transit And Area Amenities. VTB Financing Available At A Favorable Rate. An Excellent Opportunity For End Users, Professionals And Investors Looking For A Distinctive Commercial Street Presence On Yonge. The Unit Is Offered In An Unfinished Condition, Providing The New Owner With A Blank Canvas To Design And Finish The Space To Suit Their Vision, Brand And Business Needs. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 47 days on market, against an average age of 61 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 (South Richvale) has been listed for 47 days, which is 14 days fresher than the city average of 61. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,569,000, about 18.2× the local median household income of $86,000.
Carrying it typically needs a household income of about $306,481 (20% down, 25-yr amortization, stress-tested) — roughly 256% above the area median.
Source: Statistics Canada, 2021 Census (FSA L4C)
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