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:56069)
| MLS® Number | N12627564 |
| Property Type | Retail |
| Community Name | Crosby |
| Amenities Near By | Public Transit, Highway |
| Bathroom Total | 2 |
| Age | 6 To 15 Years |
| Appliances | Water Heater - Tankless |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 937 Ft2 |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Public Transit, Highway |
| Size Depth | 60 Ft ,9 In |
| Size Frontage | 15 Ft ,6 In |
| Size Irregular | Unit=15.5 X 60.75 Ft |
| Size Total Text | Unit=15.5 X 60.75 Ft |
| Zoning Description | Commercial |
https://www.realtor.ca/real-estate/29180402/9-10066-bayview-avenue-richmond-hill-crosby-crosby
Contact us for more information
Masoud Khalili
Salesperson
(416) 739-7200
(416) 739-9367
www.suttongroupadmiral.com/
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