For Lease · Retail

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

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

Price on request

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Asset Class

Retail

Size

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Building class

B

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

93%

About this property

Prime Commercial Leasing Opportunity at Yonge St. & Hwy 7! Establish your business at 8888 Yonge Street, a brand-new 15-storey luxury condominium featuring only 3 exclusive commercial units! Unit C1 offers an impressive 1,932 sq. ft. across two levels, including 748 sq. ft. on the ground floor and 1,184 sq. ft. on the upper level. Excellent exposure toward Westwood, expansive floor-to-ceiling windows, abundant natural light, and outstanding street visibility. This bright, spacious unit offers incredible potential to customize the interior to suit your business needs. Convenient street-level access, approximately 42-45 shared underground visitor parking spaces, and a dedicated commercial elevator connecting the parking level to the ground floor. Ideal for medical and dental clinics, physiotherapy, chiropractic, optometry, pharmacy, beauty and wellness services, fitness studios, professional offices, law firms, accounting firms, real estate brokerages, financial services, retail boutiques, showrooms, and more, subject to required approvals. Surrounded by established residential communities, growing condominium developments, and excellent accessibility to major highways and transit. Gross Lease at $50/Sq. Ft.! Flexible 3-5 year lease term with potential renewal options. An exceptional opportunity to position your business in one of Richmond Hill's most desirable commercial locations. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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

85,388

Households

39,485

Median income

$110,500

Median age

33.3

Daytime population

135,929

5-yr growth

0.9%

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.