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KIYA HASHEMI

Sales Representative
RED APPLE REAL ESTATE INC., Brokerage Independently owned and operated. 71 MAIN ST SOUTH, NEWMARKET, Ontario L3Y3Y5 Office: 416-568-2092

$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
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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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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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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KIYA HASHEMI
Sales Representative
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416-568-2092
 
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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)
Approximate Age:
Tax: $16,703.84
Maintenance Fee: $0
Beds: 2
Baths: 1
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
Locatin Map:
Payment Calculator:
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