1/84 - 420 HWY 7 E, Richmond Hill (Doncrest)
4 - 420 HWY 7 E, Richmond Hill (Doncrest), ON L4B3K2
$80,000 total
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Asset Class
Specialty
Size
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Building class
B
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
96%
About this property
A Fantastic Opportunity to Own a Dry Cleaning Business in One of Richmond Hill's Busy Commercial Plazas! Located On Busy Highway 7 E, Right Beside McDonald's, Surrounded By Numerous Condos, Residential Communities & Local Businesses. Excellent Exposure, Convenient Access & Strong Potential To Build A Loyal Neighbourhood Customer Base. An Ideal Opportunity For An Experienced Tailor Or Entrepreneur, Particularly Someone Skilled In Alterations, Clothing Repairs & Garment Care, With Potential To Further Grow The Business. Cleantext sameday Cleaners with a reported 4.9-star rating and 142 reviews in the business search results. Excellent Opportunity For A Hands-On Owner To Take Advantage Of This Desirable Location. Potential to explore other permitted business uses, subject to landlord approval and applicable municipal requirements. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$369
Projected NOI
$5K
Annual cash flow
$481
Cash-on-cash
2.01%
DSCR
1.11
Going-in cap
6.14%
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
92,471
Households
41,318
Median income
$110,000
Median age
32.7
Daytime population
80,420
5-yr growth
8.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 4 - 420 HWY 7 E, Richmond Hill (Doncrest).
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.