Overview

This retail property in Richmond Hill is for sale offering roughly 290 sq ft of space. It has been on the market 0 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! This is a great opportunity to invest in a retail unit. This prime ground-floor commercial unit is situated on the busiest street in Richmond Hill. It benefits from a high-density residential customer base within the vicinity, offers high traffic exposure, and it is rented to the Convenience store . Additionally, it provides easy access to the YRT bus, GO station, and Highways 407/404. (id:66096)

Property Details

MLS®: N14145788
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: Commercial
Parking: 1
Interior Size: 290 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Garage: Underground
Property Tax: $3,394.33/yr
Listed: Today

Market Timing

Days on market

Richmond Hill (Doncrest) listings, avg age

67d

Price / ft²

$1,134

List price

$329K

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 0 days, which is 67 days fresher than the city average of 67. Act while there is still low competition.

Set a price alert Book a showing

Area context

Neighbourhood profile (L4B)

This home lists at $329,000, about 3.4× the local median household income of $97,000.

Carrying it typically needs a household income of about $64,265 (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)

$329,000· $1,134/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.

Inquire about financing →

#116B 372 Hwy 7 East, Richmond Hill (Doncrest) - Retail for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L4B)

Book a showing

Need a commercial mortgage?