Rare investment opportunity! Exceptional fully leased commercial property at the high-traffic intersection of Bayview Avenue and Major Mackenzie Drive. Currently tenanted by a thriving Mediterranean restaurant, this space features high-end finishes, two bathrooms, stainless steel kitchen components, an 8-ft canopy hood, a tankless hot water system, and a fully equipped commercial setup. Located in a highly desirable area, the property offers excellent street exposure, ample parking, and great convenience - just a 5-minute walk to the Richmond Hill GO Station, with easy access to Highways 404 and 407, and a YRT transit stop nearby. The area's strong growth potential is further supported by Bayview Secondary School (3,000+ students) and a planned 10-storey, 244-unit residential development directly across from the unit, in the Walmart Plaza. This property combines stable rental income, great curb appeal, and tremendous upside for future appreciation - a rare gem in a booming location and the perfect addition to any investor's portfolio. The unit is rented for $5,900 + HST per month on a 5+5-year lease, starting November 2024.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Approx. Age:
6-15
Total Area:
937 sq. ft. Square Feet
Total Area:
937 sq. ft.87.1 m2
Retail Area:
937 sq. ft. Sq Ft
Lot Depth:
60'9"18.5 m
Lot Frontage:
15'6"4.72 m
Lot Details:
16.00 x 61.00 Feet
Bathrooms:
2.0
Water supply:
Municipal
Rooms:
0
Zoning:
Commercial
Heating type:
Gas Forced Air Open
Cooling:
Yes
Clear Height:
16'4.88 m
Garage:
Plaza
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$6,416.31 /
2025
Assessment:
$- /
-
York
Richmond Hill
Crosby
Public Transit, Major Highway
Yes
Canopy Hood, owned tankless water heater, and so much more!!!....
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