$129,999
Richmond Hill
#211 9737 Yonge Street, Richmond Hill (Harding), Ontario, L4C8S7
This retail property in Richmond Hill is for sale offering roughly 3,000 sq ft of space. It has been on the market 15 days, fresher than the Richmond Hill average of 56 days.
Exceptional opportunity to acquire a high-end, fully turn-key lounge and restaurant in a prime plaza location with main street exposure and ample parking. This beautifully designed establishment enjoys excellent visibility, easy access, and strong customer traffic, making it ideal for dining, lounge service, private events, and nightlife operations.Spanning approximately 3,000 sq. ft., the premises offer 100+ seating capacity in a sophisticated upscale setting with a premium buildout, modern décor, and substantial investment in leasehold improvements. The business is currently generating great sales and presents excellent growth potential for an experienced operator or hospitality group.Features a huge commercial kitchen equipped with an 8-ft exhaust hood, fryers, pizza oven, prep stations, and numerous additional chattels and equipment. A detailed equipment/chattels list will be provided to qualified buyers.Approximate rent is $17,000 per month all inclusive (including TMI) + HST if applicable, providing predictable occupancy costs. Buyers may continue the existing successful concept or bring virtually any cuisine, subject to landlord approval and plaza exclusivity, if any.A rare opportunity to take over a fully operational, turn-key establishment with strong sales, excellent exposure, abundant parking, and a beautifully finished interior in a sought-after commercial corridor. Ideal for restaurateurs, hospitality groups, franchise operators, or entrepreneurs looking for a ready-to-operate business with immediate revenue potential. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 15 days on market, against an average age of 56 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 (Harding) has been listed for 15 days, which is 41 days fresher than the city average of 56. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $129,999, about 1.5× the local median household income of $86,000.
Carrying it typically needs a household income of about $25,393 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA L4C)
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