For Sale · Retail

C1 - 8888 YONGE STREET, Richmond Hill (South Richvale)

C1 - 8888 YONGE STREET, Richmond Hill (South Richvale), ON L4C5V6

$1.3M total

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Asset Class

Retail

Size

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Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

92%

About this property

Brand New Commercial Opportunity in a Prime Location! Discover Unit C1 at 8888 Yonge Street, ideally situated at Yonge Street & Highway 7 in the heart of Richmond Hill, with exposure facing Westwood. This exceptional two-level commercial unit offers a total of 1,932 sq. ft., featuring 748 sq. ft. on the ground floor and 1,184 sq. ft. on the upper mezzanine level. Delivered in unfinished condition, this space offers an excellent opportunity to customize the interior to suit your business needs and vision. The builder may also assist with interior finishing based on the purchaser's requirements, subject to mutual agreement. An optional lift connecting both levels may be arranged through the builder at an additional cost, or independently after closing. Vendor Take-Back (VTB) financing available at attractive rates, subject to seller approval. Ideal for a variety of potential uses, including medical and healthcare services, professional offices, dental clinics, beauty and wellness services, retail, showrooms, consulting firms, and more, subject to applicable approvals. Underground visitor parking available at P1 level. Dedicated parking spaces may also be purchased for $60,000 + HST each or leased for $200/month + HST, subject to availability. An outstanding opportunity to establish or expand your business in a prestigious, rapidly growing location surrounded by residential developments, businesses, and excellent amenities. Make this exceptional commercial space your own! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.30M
Down payment30% · $389K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$69K

Annual cash flow

$-2K

Cash-on-cash

-0.64%

DSCR

0.97

Going-in cap

5.35%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

60,838

Households

21,852

Median income

$73,000

Median age

38.8

Daytime population

92,788

5-yr growth

7.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for C1 - 8888 YONGE STREET, Richmond Hill (South Richvale).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.