70 East Beaver Creek Rd
Richmond Hill, L4B3B2
For Sale
$7,999,000
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Office
CATEGORY10,800 Sq Ft
TOTAL AREAN8201780
MLSIDContact Us
Property Description
Turn-key immaculate executive office space, located in a high demand area of Richmond Hill's business park, includes 26 office spaces, event center, podcast room, 3 meeting room, a recording studio, and the service area. Calling entrepreneurs, head offices, convenient access through hwy 7, hwy 404, and main arterial roads executive place for law, architect & urban planning, financial planning, insurance firms or real estate brokerage and similar businesses.
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Extras
The unit generating $85,000/ y and a contract of $96,000/y and a vacancy rate of 40% as potential maintenance fees included ground, maintenance, snow removal, garbage removal, water usage. HST excluded from maintenance fee.
Property Details
Category
Office
Usage
Professional Office
Zoning
Commercial
Total Area
10,800 Sq Ft
Office/Apartment Area
10,800 Sq Ft
Retail Area
10,800 Sq Ft
Lot Size
318' x 806'
Taxes
$25,000 (2023)
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Listing contracted with Intercity Realty Inc.
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Incredible Investment Opportunity In Prime Location Of Downtown Richmond Hill, Crosby Community. Perfectly Shaped Lot, Approximately 0.90 Acres With A 6,000 Square Foot Building Close To Yonge Street. The Property Has Many Permitted Uses And It Surrounded By Apartment Buildings, Detached Homes, Townhomes, Public Parks, Restaurants, Retail Establishments, Churches, Community Services, Shopping Plazas, Schools And Public Transportation. Walking Distance To Yonge Street And All Public Amenities. Great Re-Development Potential For Multi-Residential/Townhouses Or Multi-Storey Development With Premium Lot Potential. The Property Is Currently Zoned (Neighbourhood) Residential And Used As A Legal Day Care Business For The Past 28+ Years With By-Law Amendment. 146 Licensed Spaces. The Building Is In Good Condition And Can Be Used For Many Different Businesses Or Leased To Any Commercial/Retail/Institutional Uses. Large Gym Area And Day Care/Class Rooms. Current Tenant Is "Cuties & Patooties Daycare" And Will Not Stay On After Closing. Excellent Investment Property To Rent And Generate Cash Flow While Awaiting Re-Development Application.
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