
1/253 OBSERVATORY LANE, Richmond Hill (Observatory), ON L4C8K9
Price on request
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Asset Class
Land
Size
—
Building class
C
Zoning
UR — Urban Reserve
$ / SF
—
Occupancy
90%
Lot Size
7491 ac
VEHICLE STORAGE & DEALERSHIP OVERFLOW PARKING OPPORTUNITY - CENTRAL RICHMOND HILL! Keep your inventory close and your business moving. Available for lease separately from the building, this approximately 60 ft. x 200 ft. rear yard offers approximately 12,000 sq. ft. of outdoor space in the heart of Richmond Hill. An appealing opportunity for automotive dealerships, vehicle importers, wholesalers and fleet operators seeking a conveniently located base for vehicle storage and overflow parking, subject to permitted use and required approvals. Free up valuable space at your primary location while keeping additional inventory within convenient reach. Consider the possibilities for dealership stock, imported vehicles awaiting their next destination, seasonal inventory or fleet parking. The central location offers a practical alternative for operators seeking storage closer to their local business operations. The rectangular yard provides scope for an organized parking layout, with actual vehicle capacity dependent on access aisles, circulation, setbacks and an approved site layout. This offering is for the designated rear-yard area only; indoor premises are not included. Proposed automotive storage and parking uses are subject to zoning verification, landlord approval and any required municipal approvals. Vehicle transporter access and loading arrangements must be confirmed for the intended operation. LOOKING FOR DEALERSHIP OVERFLOW PARKING, CAR STORAGE OR AUTOMOTIVE INVENTORY SPACE? Arrange a site visit and explore how this centrally located yard could support your business. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$76K
Annual cash flow
$-7K
Cash-on-cash
-1.54%
DSCR
0.92
Going-in cap
5.08%
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.
Trade area within 3 miles of the property.
Population
66,043
Households
26,274
Median income
$135,500
Median age
36.6
Daytime population
79,108
5-yr growth
1.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 53 OBSERVATORY LANE, Richmond Hill (Observatory).
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.