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$2,650,000
Status: For Sale
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!
| Price | : $2,650,000 |
|---|---|
| Property Taxes | :$9345.46 |
| Tax Year | :2024 |
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| Cross Street | :Yonge & Elgin Mills |
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| Fireplace/Stove | :No |
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| Virtual Tour | :Virtual Tour (External Link) |
