9 - 10066 BAYVIEW AVENUE, Richmond Hill, Ontario, L4C 0W5

$1,268,000

MLS® # N12627564

Commercial For Sale In Crosby, Richmond Hill, Ontario

$1,268,000

Property Information:

Rare investment opportunity! Exceptional fully leased commercial property at the high-traffic intersection of Bayview Avenue and Major Mackenzie Drive. Currently tenanted by a thriving Mediterranean restaurant, this space features high-end finishes, two bathrooms, stainless steel kitchen components, an 8-ft canopy hood, a tankless hot water system, and a fully equipped commercial setup. Located in a highly desirable area, the property offers excellent street exposure, ample parking, and great convenience - just a 5-minute walk to the Richmond Hill GO Station, with easy access to Highways 404 and 407, and a YRT transit stop nearby. The area's strong growth potential is further supported by Bayview Secondary School (3,000+ students) and a planned 10-storey, 244-unit residential development directly across from the unit, in the Walmart Plaza. This property combines stable rental income, great curb appeal, and tremendous upside for future appreciation - a rare gem in a booming location and the perfect addition to any investor's portfolio. The unit is rented for $5,900 + HST per month on a 5+5-year lease, starting November 2024. (id:27)

Building Features:

  • Style: Retail
  • Air Conditioning: Yes
  • Floor Space: 937 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned
  • Appliances:

Property Features:

  • Property Type: Retail
  • Bathrooms: 2
  • Amenities Nearby: Public Transit, Highway
  • Floor Space (approx): 937 Square Feet
  • Irregular: Yes
  • Lot Depth: 60.8 Feet
  • Lot Frontage: 15.5 Feet
  • Lot Size: Unit=15.5 x 60.75 FT
  • Zoning: Commercial

Courtesy of: SUTTON GROUP-ADMIRAL REALTY INC.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.