Exceptional Investment Opportunity in Prime Richmond Hill Location! Seize the chance to own a premium commercial retail unit situated at the bustling intersection of Highway 7 and Bayview Avenue. This 970 sq.ft. property boasts a newly secured 5-year lease with a high-quality tenant, including a 5-year renewal option. The tenant plans significant capital improvements, enhancing the property's value and appeal. Key features include an owned parking spot, ample additional parking adjacent to the underground parking exit, and proximity to new condominium developments, attracting a growing population to the area. The unit is fully equipped for restaurant use, featuring a comprehensive security system and low maintenance requirements. Located in the vibrant Doncrest neighborhood, this property offers excellent exposure and accessibility, making it an ideal investment for discerning buyers.
MLS# | N12009557 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | New |
Days On Site | 41 |
Listing Provided By | BAY STREET GROUP INC. | N12009557 294900 |
Bath(s) | 2 |
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SQ Feet | 970 |
Acreage | 0.02 |
Province | ON |
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County | York |
City | Richmond Hill |
Postal Code | L4B 3Y7 |
Area | Doncrest |
Listing VS Median (In L4B 3Y7) | |
Price: $899,900 low | high Med: $603,950 SqFt: 970 low | high Med: 970 $ / SqFt: $928 low | high Med: $623 On site: 41 low | high Med: 29.500000 |