$2,650,000Asking Price
A truly unique and highly advantageous investment in the heart of Richmond Hill. Currently operating as a Dental Office & Denture Centre with 3 additional private residential apartments. Zoning allows for a versatile array of uses for main floor office space. Modern layout and high quality finishes throughout. No need to deal with below market rents since residential units are readily vacant and meticulously taken care of. Tremendous upside potential for savvy investors offering a 5.21% cap rate at full capacity. Alternatively, the ideal investment for professionals seeking to open their own practice benefiting with a combined work and live-in space. Stand out in your industry as you mitigate overhead operating costs while maximizing the rental income potential. Drastically eliminate your commute time while increasing efficiency and quality of life. Convenient location with simple public transit accessibility. Strategic corner lot allows for enhanced visibility for high foot traffic directly off Yonge St. Private driveway allows for 12 vehicle parking spaces in tandem with the potential to expand. Oversized garage allows for additional parking / storage space or possible conversion. Truly an exceptional opportunity to enhance your real estate portfolio and fast track your success! **EXTRAS** 1st Floor fully equipped dental office designed to accommodate wide range of dental services. 2nd Floor apartment: spacious 3 bed unit w/ massive loft. Basement: 1 bed & bachelor unit. All 4 units feature functional privacy. 3938 sqft total
A truly unique and highly advantageous investment in the heart of Richmond Hill. Currently operating as a Dental Office & Denture Centre with 3 additional private residential apartments. Zoning allows for a versatile array of uses for main floor office space. Modern layout and high quality finishes throughout. No need to deal with below market rents since residential units are readily vacant and meticulously taken care of. Tremendous upside potential for savvy investors offering a 5.21% cap rate at full capacity. Alternatively, the ideal investment for professionals seeking to open their own practice benefiting with a combined work and live-in space. Stand out in your industry as you mitigate overhead operating costs while maximizing the rental income potential. Drastically eliminate your commute time while increasing efficiency and quality of life. Convenient location with simple public transit accessibility. Strategic corner lot allows for enhanced visibility for high foot traffic directly off Yonge St. Private driveway allows for 12 vehicle parking spaces in tandem with the potential to expand. Oversized garage allows for additional parking / storage space or possible conversion. Truly an exceptional opportunity to enhance your real estate portfolio and fast track your success! **EXTRAS** 1st Floor fully equipped dental office designed to accommodate wide range of dental services. 2nd Floor apartment: spacious 3 bed unit w/ massive loft. Basement: 1 bed & bachelor unit. All 4 units feature functional privacy. 3938 sqft total
See MoreRoom | Floor | Dimensions | Details | |
---|---|---|---|---|
1 | Foyer | Main | 11.65' x 8.66' | Wainscoting, 2-PieceBath, Ceramic Floor |
2 | Kitchen | Main | 9.12' x 12.14' | Double Sink, Laminate, Window |
1 2-Piece Bathroom on Main Floor | ||||
1 1-Piece Bathroom | ||||
1 3-Piece Bathroom | ||||
1 4-Piece Bathroom | ||||
2 3-Piece Bathrooms |
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Mill Pond, Richmond Hill is a north GTA neighbourhood notable for its singles, renters, executives and business and education, law & public sector professionals. It has a higher than average population of Italian and Russian speakers. Residents tend to be older with a significant number of youth aged 20 to 24, adults aged 25 to 29, 25 to 29 and 25 to 29 and seniors aged 65 to 74.
Kids Per Family
1.3
kids per family
in the neighbourhood.
42%
of residents are
single and loving it.
42% singles
Richmond Hill (39%)
21%
of residents
are renters.
21% renters
Richmond Hill (19%)
54%
of residents are
university grads.
54% university grads
Richmond Hill (54%)Average Household Income
$169K
is the average household
income in the neighbourhood.
Professions
Business | 12% |
Sales | 12% |
Management | 11% |
Government | 9% |
Sciences | 7% |
45%
of residents were
born outside of Canada.
45% immigrants
Richmond Hill (59%)9.4% from Iran
All-time
3.6% from Iran
Recent
Foreign Languages
Persian | 10% |
Russian | 6% |
Mandarin | 5% |
Italian | 5% |
Cantonese | 2% |
Religions
Christian | 57% |
Jewish | 12% |
Muslim | 9% |
Hindu | 2% |
Buddhist | 1% |