Rare investment opportunity! also can be vacant! 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.can be vacant too.
| MLS # | N13569130 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 50 |
| Listing Provided By | SUTTON GROUP-ADMIRAL REALTY INC. | N13569130 079901 |
| Bath(s) | 2 |
|---|---|
| SQ Feet | 937 |
| Acreage | 0.02 |
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Yes |
| Rooms Total | 0 |
| Community Features | Public Transit, Major Highway |
|---|---|
| Security Features | Yes |
| Utilities | Yes |
|---|
| Tax Annual Amount | 6416.31 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2025 |
| Province | ON |
|---|---|
| Region | York |
| City | Richmond Hill |
| Postal Code | L4C 0W5 |
| Area | Crosby |
| Listing VS Median (in L4C 0W5) | |
Price: $1,198,000 low | high Med: $1,073,500 sqft: 937 low | high Med: 860 $ / sqft: $1,279 low | high Med: $1,246 On site: 50 low | high Med: 114.5 | |
| Province | ON |
|---|---|
| Region | York |
| City | Richmond Hill |
| Postal Code | L4C 0W5 |
| Area | Crosby |
| Listing VS Median (in L4C 0W5) | |
Price: $1,198,000 low | high Med: $1,073,500 sqft: 937 low | high Med: 860 $ / sqft: $1,279 low | high Med: $1,246 On site: 50 low | high Med: 114.5 | |