Description

Prime Investment Opportunity in the heart of Richmond Hill's bustling Times Square! This highly sought-after 976 sq. ft. ground-floor retail unit offers exceptional business exposure in a high-traffic outdoor mall. Strategically located just minutes from Hwy 404 and Hwy 407, the property features ample surface and underground parking and is anchored by major banks, popular restaurants, and established retail neighbors. The unit is currently tenanted on an open lease term, providing the ultimate flexibility to generate immediate rental income or transition to an owner-user. Don't miss this rare chance to own premium commercial real estate in a thriving transit corridor! (id:66096)

Property Details

MLS®: N13468498
Property Type: Retail
Zoning: Commercial Condo
Parking: 2
Interior Size: 976 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $7,510.56/yr
Listed: 138 days ago

Market Timing

Days on market

138d

Richmond Hill (Beaver Creek Business Park) listings, avg age

84d

Price / ft²

$910

List price

$888K

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

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Area context

Neighbourhood profile (L4B)

This home lists at $888,000, about 9.2× the local median household income of $97,000.

Carrying it typically needs a household income of about $173,457 (20% down, 25-yr amortization, stress-tested) — roughly 79% above 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)

$888,000· $910/ft²

For sale

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Financing

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#91D 550 Highway 7 Avenue East, Richmond Hill (Beaver Creek Business Park) - Retail for Sale

Description

Property Details

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Market Timing

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Neighbourhood profile (L4B)

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