9 - 10066 BAYVIEW AVENUE, Richmond Hill (Crosby), Ontario, L4C0W5

Property Description

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. (id:64974)

Quick Facts

• Property Type: Retail
• Bedrooms: None
• Bathrooms: 2
• Living Area: 937 sq ft (87.1 m²)
• Frontage: 16 ft (4.8 m)

Costs

• Annual Taxes: $6,416.31

Listing Provided by: SUTTON GROUP-ADMIRAL REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.