10066 Bayview Avenue, Richmond Hill, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Crosby. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,198,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 2 Bathrooms
- Premium 15.5 x 60.75 ft lot size
- Convenient plaza garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Rare investment opportunity! also can be vacant! Exceptional fully leased commercial property at the high-traffic intersection of Bayview Avenue and Major Mackenzie Drive. Currently tenanted by a thriving Mediterranean restaurant, this space features high-end finishes, two bathrooms, stainless steel kitchen components, an 8-ft canopy hood, a tankless hot water system, and a fully equipped commercial setup. Located in a highly desirable area, the property offers excellent street exposure, ample parking, and great convenience - just a 5-minute walk to the Richmond Hill GO Station, with easy access to Highways 404 and 407, and a YRT transit stop nearby. The area's strong growth potential is further supported by Bayview Secondary School (3,000+ students) and a planned 10-storey, 244-unit residential development directly across from the unit, in the Walmart Plaza. This property combines stable rental income, great curb appeal, and tremendous upside for future appreciation - a rare gem in a booming location and the perfect addition to any investor's portfolio. The unit is rented for $5,900 + HST per month on a 5+5-year lease, starting November 2024.can be vacant too.
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Property Summary
This commercial retail located at 10066 Bayview Avenue, Richmond Hill is currently for sale and has been available on SousaSells for 26 days. This property is listed at $1,198,000 with an estimated mortgage of $3,988* per month. It has 0 beds, 2 bathrooms, and is unknown square feet. 10066 Bayview Avenue, Richmond Hill is in the Crosby neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Crosby, Richmond Hill.
- •2 well-appointed bathrooms
- •Desirable Commercial Retail architecture in Crosby, Richmond Hill
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
None listed
Security Features
- Yes
Community Features
- Public Transit
- Major Highway
Frequently Asked Questions about 10066 Bayview Avenue, Richmond Hill, ON
Q.What is the asking price for 10066 Bayview Avenue, Richmond Hill, ON ?
The current listing price for 10066 Bayview Avenue, Richmond Hill, ON in Crosby, Richmond Hill is $1,198,000.
Q.How many bedrooms and bathrooms does this property have?
This property features null bedrooms and 2 bathrooms.
Q.What property type and architectural style is 10066 Bayview Avenue, Richmond Hill, ON ?
10066 Bayview Avenue, Richmond Hill, ON is a Commercial Retail () featuring a basement.
Q.What neighborhood and community amenities are nearby?
Community features and nearby amenities include: Public Transit, Major Highway.
Q.What security features are installed at 10066 Bayview Avenue, Richmond Hill, ON ?
Security features include: Yes.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via Yes.
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Pricing & Value Insights
Data-driven valuation for 10066 Bayview Avenue 9, Richmond Hill, ON L4C 0W5
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $1,198,000 in Richmond Hill, the legal minimum down payment is $239,600 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $20,435 for this transaction. As this listing is in Richmond Hill (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $20,435.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.