Business For Sale · Office

201 - 10132 YONGE STREET, Richmond Hill (Mill Pond)

201 - 10132 YONGE STREET, Richmond Hill (Mill Pond), ON L4C1T6

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

86%

About this property

Position your business in a Landmark Modern Heritage building in the heart of Old Richmond Hill at 10132 Yonge Street. This bright 1490 sq ft second-floor office suite offers a professional and welcoming environment with reception area, 5 large private offices, a boardroom, a kitchen and a storage room. Oversized windows and abundant natural light-create a comfortable and productive workspace for both staff and clients. This space can be divided potentially into smaller spaces. Located on one of Richmond Hill's most established professional corridors, the building is home to a respected mix of service-based businesses including an immigration law firm, psychotherapy practice, and CHATS community services, creating excellent synergy for professionals in legal, healthcare, counselling, consulting, or administrative services. Clients will appreciate the prominent Yonge Street location with easy access to public transit, nearby municipal offices, and the growing collection of cafés, restaurants, and local shops throughout Old Richmond Hill Village. Two parking spaces are available at the rear of the building for added convenience. TMI is $14/sq.ft. Professionally maintained with SECURE ENTRY and VIDEO MONITORING, this space offers a polished and TURNKEY setting for professionals seeking a central, character-filled location to grow their practice. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

51,194

Households

21,621

Median income

$91,500

Median age

44.6

Daytime population

48,685

5-yr growth

8.5%

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

Secure deal room

Confidential diligence documents for 201 - 10132 YONGE STREET, Richmond Hill (Mill Pond).

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.