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$ 4,500,000
Est. payment | /mo
2 Beds
1 Bath
$ 4,500,000
Est. payment | /mo
2 Beds
1 Bath
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision South Richvale
MLS® Listing ID N9305639
Style Bungalow
Bedrooms 2
Originating Board Toronto Regional Real Estate Board
Property Description
Attentions Builder and Developer!!! Discover a unique investment with this property, designated as NEIGHBORHOOD USE in the Official Plan. It is one of a couple of pockets of older, small-scale commercial/industrial uses in Richmond Hill where, over the long-term, the City of Richmond Hill expects the area to change to something more residential, as opportunities for redevelopment occur. Currently has 3 tenants, fully leased until March 2027. One Residential House with 2 bedrooms. One Warehouse with 2 units and 8000 SF. Perfectly positioned near the bustling intersection of 16th Avenue and Yonge Street, this freestanding warehouse offers excellent access to major routes, including Hwy 407. Located amidst numerous condominium and townhouse developments, it's ideal for future business operations or redevelopment. The versatile zoning accommodates uses such as automobile repairs, offices, data processing centers, day nurseries, financial institutions, health centers, hotels, parking facilities, printing services, private clubs, libraries, restaurants, retail establishments, and warehousing. Adding to its appeal, the property includes a house, providing the convenience of living where you work, perfect for streamlining daily routines. Capitalize on this opportunity in a rapidly developing area, with exceptional connectivity and potential for various commercial and mixed-use ventures. **** EXTRAS **** The adjacent land is also for sale N8477584 (id:24570)
Location
Province ON
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 40
Private Pool No
Building
Story 1
Sewer Sanitary sewer
Architectural Style Bungalow
Others
Ownership Freehold
Listed by RE/MAX ELITE REAL ESTATE
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