550 Highway 7 St E
Richmond Hill, L4B3Z4
UNAVAILABLE
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Commercial Condo
CATEGORY2,345 Sq Ft
TOTAL AREAN5074782
MLSIDContact Us
Property Description
One Of The Best Spots On The Second Floor With Exposure To The Intersection Of Highway 7 & Leslie With Approximately 80,000 Cars Per Day. Accessibility To The Unit With Escalator And Elevator. Purchase As An Investment. Leased To April 30, 2026, For $21 Per Sf And Increasing To $22 Per Sf Net In 2022 And $23 Per Sf Net In 2025, Triple Net Lease At (5.5% Cap Rate And Increasing To 6% ). High Demand Times Square Complex.
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Extras
Incredible Build-Out Completed With Exposed Ceiling And Decor. Currently Designed As A Salon & Spa Studio With 20 Styling Chairs And 5 Washing Stations. In-Suite Washroom And The Possibility To Add Services.
Property Details
Category
Commercial Condo
Zoning
Commercial
Total Area
2,345 Sq Ft
Retail Area
2,345 Sq Ft
Taxes
$14,957 (2020)
Parking Spaces
2
Air Conditioning
Yes
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Listing contracted with Royal Lepage Your Community Realty, Brokerage
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