$1,688,000

For sale

#B1 9610 Yonge Street, Richmond Hill (North Richvale) - Retail for Sale

#B1 9610 Yonge Street, Richmond Hill (North Richvale), Ontario, L4C1V6

1,554 ft²Listed 19 days ago

Overview

This retail property in Richmond Hill is for sale offering roughly 1,554 sq ft of space. It has been on the market 19 days, fresher than the Richmond Hill average of 62 days.

9191 Yonge Street, Richmond Hill (North Richvale), Ontario, L4C1E2

1,518 ft²

Listed by CENTURY 21 HERITAGE GROUP LTD.

9205 Yonge Street, Richmond Hill (North Richvale), Ontario, L4C1V5

For sale

53 days ago

$283K

9205 Yonge Street, Richmond Hill (North Richvale), Ontario, L4C1V5

283 ft²

Listed by CENTURY 21 HERITAGE GROUP LTD.

For sale

53 days ago

$301K

9205 Yonge Street, Richmond Hill (North Richvale), Ontario, L4C1V5

301 ft²

Listed by CENTURY 21 HERITAGE GROUP LTD.

#5 9610 Yonge Street, Richmond Hill (North Richvale), Ontario, L4C1V6

For sale

57 days ago

$549K

#5 9610 Yonge Street, Richmond Hill (North Richvale), Ontario, L4C1V6

1 ba570 ft²

Listed by BAY STREET GROUP INC.

$1,688,000

Richmond Hill

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Description

Excellent investment opportunity for user or investor. Multi-use commercial retail space on the ground level of the Grand Palace Condo Complex, in the sought-after, high traffic prime Yonge St. location, fronting on Yonge and directly across from a busy plaza with great visibility. Space is currently tenanted and occupied as a successful pastry/coffee shop on a month-to-month basis. Plenty of free parking, both surface and underground. Direct access to the building with exclusive use of 275 s.f. of patio spaces inside and outside. (id:66096)

Property Details

MLS®: N14088662
Property Type: Retail
Zoning: Commercial
Interior Size: 1,554 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Garage: Underground
Property Tax: $17,557.8/yr
Listed: 19 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

19d

Richmond Hill (North Richvale) listings, avg age

62d

Price / ft²

$1,086

List price

$1.69M

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 (North Richvale) has been listed for 19 days, which is 43 days fresher than the city average of 62. Act while there is still low competition.

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Listed by ELITE CAPITAL REALTY INC. · GRACE LAU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4C)

This home lists at $1,688,000, about 19.6× the local median household income of $86,000.

Carrying it typically needs a household income of about $329,725 (20% down, 25-yr amortization, stress-tested) — roughly 283% above the area median.

Median household income: $86,000
Population: 74,636
Median age: 46
Owner / renter: 70% / 30%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA L4C)

$1,688,000· $1,086/ft²

For sale

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Financing

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