Overview

This retail property in Richmond Hill is for sale offering roughly 2,506 sq ft of space. It has been on the market 15 days, fresher than the Richmond Hill average of 33 days.

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Description

Exceptional Opportunity to Own a Prime 2,503 Sq. Ft. Corner Commercial Unit with Excellent Yonge Street Exposure! Located Just North of 19th Avenue in a High-Traffic Area, This Finished Commercial Space is Ideally Suited for a Pharmacy, Medical Clinic, Healthcare Services, Professional Offices, Retail, or Other Service-Oriented Businesses. Featuring High Ceilings, an Open-Concept Layout, Excellent Visibility, and Signage Potential. The Unit is Vacant, Finished, and Ready for Immediate Business Setup, with an Existing Layout Particularly Well-Suited for Medical or Pharmacy Use. Conveniently Located Steps from YRT Transit and Surrounded by Established Residential Communities and Retail Amenities. A Fantastic Opportunity for Business Owners and Investors to Own Commercial Real Estate on Yonge Street. Potential to Purchase Together with Units 9, 10 & 11 for Additional Space. (id:66096)

Property Details

MLS®: N14098960
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: Village Centre Commercial (VCC)
Interior Size: 2,506 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Garage: Underground
Property Tax: $24,582/yr
Listed: 15 days ago

Market Timing

Days on market

15d

Richmond Hill (Jefferson) listings, avg age

33d

Price / ft²

$958

List price

$2.40M

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 (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.

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Area context

Neighbourhood profile (L4E)

This home lists at $2,399,999, about 18.9× the local median household income of $127,000.

Carrying it typically needs a household income of about $468,804 (20% down, 25-yr amortization, stress-tested) — roughly 269% above the area median.

Median household income: $127,000
Population: 54,606
Median age: 40.4
Owner / renter: 87% / 13%
Avg. household size: 3.3

Source: Statistics Canada, 2021 Census (FSA L4E)

$2,399,999· $958/ft²

For sale

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Financing

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Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L4E)

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