Overview

This retail property in Richmond Hill is for sale offering roughly 311 sq ft of space. It has been on the market 34 days, fresher than the Richmond Hill average of 67 days.

Retail Space for Sale in Richmond Hill →All real estate in Richmond Hill →

Description

LOCATION! LOCATION! LOCATION! Rare opportunity to own an affordable ground-floor commercial condo in the heart of Richmond Hill's thriving Highway 7 corridor. Directly across from the future T&T Supermarket and surrounded by high-rise condominiums, established residential communities, offices, restaurants and retail. This bright and versatile unit features soaring ceilings, a large glass storefront, excellent street exposure and an open-concept layout. Includes ONE PARKING SPACE and ONE LOCKER - a valuable bonus for a commercial unit of this size. Excellent potential for professional office, retail, coffee/dessert shop, tutoring or education centre, studio, beauty/personal services and other commercial uses, subject to zoning, condominium rules and applicable approvals. Convenient access to Viva/YRT, Hwy 404 & 407. An excellent opportunity for an owner-user, entrepreneur or investor seeking a manageable commercial property in a highly visible Richmond Hill location. (id:66096)

Property Details

MLS®: N13851290
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: Retail
Parking: 1
Interior Size: 311 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Garage: Underground
Property Tax: $3,208.57/yr
Listed: 34 days ago

Market Timing

Days on market

34d

Richmond Hill (Doncrest) listings, avg age

67d

Price / ft²

$1,119

List price

$348K

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 (Doncrest) has been listed for 34 days, which is 33 days fresher than the city average of 67. Act while there is still low competition.

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Area context

Neighbourhood profile (L4B)

This home lists at $348,000, about 3.6× the local median household income of $97,000.

Carrying it typically needs a household income of about $67,977 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$348,000· $1,119/ft²

For sale

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Financing

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#105C 370 HWY 7 East, Richmond Hill (Doncrest) - Retail for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (L4B)

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