$3,700,000

For saleJust listed

#L10 280 West Beaver Creek Road, Richmond Hill (Beaver Creek Business Park) - Retail for Sale

#L10 280 West Beaver Creek Road, Richmond Hill (Beaver Creek Business Park), Ontario, L4B3Z1

4,450 ft²Listed Yesterday

Overview

This retail property in Richmond Hill is for sale offering roughly 4,450 sq ft of space. It has been on the market 1 day, fresher than the Richmond Hill average of 83 days.

#67 670 Highway 7 East, Richmond Hill (Beaver Creek Business Park), Ontario, L4P3B2

328 ft²

Listed by RE/MAX PRIME PROPERTIES

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450 ft²

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#91D 550 Highway 7 Avenue East, Richmond Hill (Beaver Creek Business Park), Ontario, L4B3Z4

For sale

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$888K

#91D 550 Highway 7 Avenue East, Richmond Hill (Beaver Creek Business Park), Ontario, L4B3Z4

2 pk976 ft²

Listed by PROMPTON REAL ESTATE SERVICES CORP.

#72C 550 Highway 7, Richmond Hill (Beaver Creek Business Park), Ontario, L4B3Z4

For sale

215 days ago

$880K

#72C 550 Highway 7, Richmond Hill (Beaver Creek Business Park), Ontario, L4B3Z4

1 ba895 ft²

Listed by TRUSTWELL REALTY INC.

$3,700,000

Richmond Hill

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Description

Great investment opportunity: a fully leased commercial retail condo located in a highly desirable, prime business area of Richmond Hill. It has high pedestrian and vehicular traffic with convenient access to neighbouring retail establishments, including renowned restaurants, hotels and banks. The retail plaza has ample parking, great Highway 7 exposure, two retail tenants (including a spa and cafe), and the units have been recently renovated with long leases and annual rent escalations. 5% Cap. (id:66096)

Property Details

MLS®: N14141174
Property Type: Retail
Business Type: Personal Services
Zoning: Commercial
Interior Size: 4,450 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $25,111.32/yr
Listed: Yesterday

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

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

83d

Price / ft²

$831

List price

$3.70M

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 (Beaver Creek Business Park) has been listed for 1 day, which is 82 days fresher than the city average of 83. 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 (L4B)

This home lists at $3,700,000, about 38.1× the local median household income of $97,000.

Carrying it typically needs a household income of about $722,740 (20% down, 25-yr amortization, stress-tested) — roughly 645% 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)

$3,700,000· $831/ft²

For sale

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Financing

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