$4,500,000
Available - For Sale
Listing ID: N9305639
305 Red Maple Rd , Richmond Hill, L4C 6P2, Ontario
| Attentions Builder and Developer!!! Discover a unique investment with this property, designated as NEIGHBORHOOD USE in the Official Plan. It is one of a couple of pockets of older, small-scale commercial/industrial uses in Richmond Hill where, over the long-term, the City of Richmond Hill expects the area to change to something more residential, as opportunities for redevelopment occur. Currently has 3 tenants, fully leased until March 2027. One Residential House with 2 bedrooms. One Warehouse with 2 units and 8000 SF. Perfectly positioned near the bustling intersection of 16th Avenue and Yonge Street, this freestanding warehouse offers excellent access to major routes, including Hwy 407. Located amidst numerous condominium and townhouse developments, it's ideal for future business operations or redevelopment. The versatile zoning accommodates uses such as automobile repairs, offices, data processing centers, day nurseries, financial institutions, health centers, hotels, parking facilities, printing services, private clubs, libraries, restaurants, retail establishments, and warehousing. Adding to its appeal, the property includes a house, providing the convenience of living where you work, perfect for streamlining daily routines. Capitalize on this opportunity in a rapidly developing area, with exceptional connectivity and potential for various commercial and mixed-use ventures. |
| Extras: The adjacent land is also for sale N8477584 |
| Price | $4,500,000 |
| Taxes: | $16703.84 |
| DOM | 106 |
| Occupancy by: | Tenant |
| Address: | 305 Red Maple Rd , Richmond Hill, L4C 6P2, Ontario |
| Lot Size: | 200.00 x 165.16 (Feet) |
| Directions/Cross Streets: | Yonge Street & 16th Avenue |
| Rooms: | 5 |
| Bedrooms: | 2 |
| Bedrooms +: | |
| Kitchens: | 1 |
| Family Room: | N |
| Basement: | Part Fin |
| Property Type: | Detached |
| Style: | Bungalow |
| Exterior: | Alum Siding, Brick |
| Garage Type: | None |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 40 |
| Pool: | None |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Sewers: | Sewers |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX ELITE REAL ESTATE |
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|
Hossein Vanishoja
Broker, ABR, SRS, P.Eng
Dir:
416-300-8000
Bus:
888-884-0105
Fax:
888-884-0106
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Detached |
| Area: | York |
| Municipality: | Richmond Hill |
| Neighbourhood: | South Richvale |
| Style: | Bungalow |
| Lot Size: | 200.00 x 165.16(Feet) |
| Tax: | $16,703.84 |
| Beds: | 2 |
| Baths: | 1 |
| Fireplace: | N |
| Pool: | None |
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