$839,999
Richmond Hill
#2 11611 Yonge Street, Richmond Hill (Jefferson), Ontario, L4E1G2
This retail property in Richmond Hill is for sale offering roughly 933 sq ft of space. It has been on the market 15 days, fresher than the Richmond Hill average of 33 days.
Rare opportunity to acquire a well-positioned commercial property within a multi-tenant plaza at the highly sought-after intersection of Yonge Street and 19th Avenue in the prestigious Jefferson community of Richmond Hill. Situated along one of the GTA's most established and recognized commercial corridors, this property benefits from excellent visibility, prominent exposure, and consistent traffic flow, making it an attractive opportunity for both investors and owner-users.Surrounded by established residential neighbourhoods, schools, and complementary retail and commercial businesses, the plaza enjoys a strong surrounding customer base and a desirable business environment. Excellent accessibility, ample on-site parking, and convenient access to public transit further enhance the property's appeal and long-term commercial potential.The property offers exceptional flexibility for a variety of commercial uses, including retail, professional offices, medical services, and other service-oriented businesses, subject to applicable zoning and municipal approvals. Its strategic location near major arterial roads provides convenient connectivity throughout Richmond Hill and the Greater Toronto Area.An outstanding opportunity to secure commercial real estate in a desirable and established Richmond Hill location. Ideal for investors seeking long-term appreciation potential or business owners looking to establish a presence along the prominent Yonge Street corridor. A strategic investment offering visibility, versatility, and future growth potential. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 15 days on market, against an average age of 33 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 (Jefferson) has been listed for 15 days, which is 18 days fresher than the city average of 33. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $839,999, about 6.6× the local median household income of $127,000.
Carrying it typically needs a household income of about $164,081 (20% down, 25-yr amortization, stress-tested) — roughly 29% above the area median.
Source: Statistics Canada, 2021 Census (FSA L4E)
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