Description
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!
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
Additional Details
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- Community
- Mill Pond
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- Lot Size
- 114.29 X 49.68 Ft.
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- Building Type
- Detached
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- Building Style
- 2 1/2 Storey
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- Taxes
- $9345.46 (2024)
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- Garage Space
- 2
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- Garage Type
- Built-In
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- Parking Space
- 12
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- Air Conditioning
- Central Air
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- Heating Type
- Forced Air
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- Kitchen
- 4
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- Basement
- Apartment, Seperate Entrance
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- Pool
- None
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- Zoning
- R2
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- Listing Brokerage
- COLDWELL BANKER THE REAL ESTATE CENTRE
Features
- Fireplace
Virtual Tour
