$639,999

For sale

$639,999

Richmond Hill

Overview

This retail property in Richmond Hill is for sale offering roughly 667 sq ft of space. It has been on the market 10 days, fresher than the Richmond Hill average of 33 days.

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

Description

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)

Property Details

MLS®: N14114824
Property Type: Retail
Zoning: Regional Mixed Use Corridor Two (RMU-COR2) Zone
Interior Size: 667 ft²
Heating: No heat
Cooling: None
Property Tax: $8,748/yr
Listed: 10 days ago

Market Timing

Days on market

10d

Richmond Hill (Jefferson) listings, avg age

33d

Price / ft²

$960

List price

$640K

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 10 days, which is 23 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 $639,999, about 5.0× the local median household income of $127,000.

Carrying it typically needs a household income of about $125,014 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$639,999· $960/ft²

For sale

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#9 11611 Yonge Street, Richmond Hill (Jefferson) - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (L4E)

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