More Photos

×

    For Sale - 395 Red Maple Road, Richmond Hill, Ontario

    Est payment $18,670/mo
    Get pre-qualified
    Views   1
    Time on Jump  11 day

    AI Summary *

    • Income-producing automotive property with four established tenants and approximately $180,000 in gross annual rent.
    • Approximately 8,230 sq. ft. across four leased units, each with its own gas meter.
    • Units range from approximately 1,000 to 3,500 sq. ft.; most ceiling height is 16 feet.
    • 0.573-acre Richmond Hill site with access to major highways and nearby arterial roads.
    • Interconnecting doors offer potential to combine units, subject to leases and approvals.




    Exceptional opportunity to acquire a well-maintained, income-producing automotive service property in a highly sought-after richmond hill location. Situated on the east side of red maple road, approximately 125 metres north of 16th avenue, and just off yonge street, this property occupies a 0. 573-acre site and offers excellent connectivity to highway 404, highway 407 etr, yonge street and highway 7. The approximately 8,230 sq. Ft. Building features four individually leased units ranging from approximately 1,000 to 3,500 sq. Ft. All units except unit 3 include a small office. Currently generating approximately $180,000 in gross annual rental income, the property benefits from four established tenants, primarily operating automotive-related businesses, with a strong interest in remaining and pursuing long-term lease arrangements. Designed for functionality and flexibility, each unit has its own gas meter, while three hydro meters serve the building: units 3 and 4 are separately metered, and units 1 and 2 share a meter. Interconnecting doors between units offer potential flexibility for larger configurations, subject to existing leases and required approvals. Automotive-use properties in this central richmond hill location are increasingly difficult to find. Whether you are an investor seeking established rental income or an automotive business owner looking to occupy your own premises while generating income from the remaining units, this property presents a compelling opportunity to build equity and explore future use potential. A recent environmental assessment has also been completed by the owner, providing a valuable starting point for purchaser due diligence. Buyers are encouraged to conduct their own due diligence regarding zoning, existing legal non-conforming uses, environmental matters, leases, rental income and future use potential. Most of the ceiling height is 16 feet, but it varies.
    Listing IDN14131366
    Address395 Red Maple Road
    CityRichmond Hill, Ontario
    Price$3,888,000
    StyleIndustrial
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype IndustrialHeating / Cooling BaseboardSewer Sanitary

    ASAP

    Wed

    11

    Nov

    Thu

    12

    Nov

    Fri

    13

    Nov

    Sat

    14

    Nov

    Sun

    15

    Nov

    Mon

    16

    Nov

    Tue

    17

    Nov

    Wed

    18

    Nov

    Thu

    19

    Nov

    Fri

    20

    Nov

    Sat

    21

    Nov

    Sun

    22

    Nov

    Mon

    23

    Nov

    Tue

    24

    Nov

    Wed

    25

    Nov

    Thu

    26

    Nov

    Fri

    27

    Nov

    Sat

    28

    Nov

    Sun

    29

    Nov

    Mon

    30

    Nov

    Tue

    1

    Dec

    Wed

    2

    Dec

    Thu

    3

    Dec

    Fri

    4

    Dec

    Sat

    5

    Dec

    Sun

    6

    Dec

    Mon

    7

    Dec

    Tue

    8

    Dec

    Wed

    9

    Dec

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Brokerage: 100% PARTNERS REAL ESTATE

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    68 Maple Grove Avenue
    Richmond Hill, Ontario.
    5 Beds | 6 Baths
    $4,180,000
    48 Montorio Drive
    Richmond Hill, Ontario.
    6 Beds | 7 Baths
    $3,350,000
    127 May Avenue
    Richmond Hill, Ontario.
    5 Beds | 6 Baths
    $3,499,000
    2 Eastgate Crescent
    Richmond Hill, Ontario.
    7 Beds | 9 Baths
    $3,788,000
    102 Boake Trail
    Richmond Hill, Ontario.
    6 Beds | 7 Baths
    $3,688,800
    69 Snively Street
    Richmond Hill, Ontario.
    5 Beds | 7 Baths
    $4,099,000
    76 Trailwood Crescent
    Richmond Hill, Ontario.
    6 Beds | 5 Baths
    $3,888,000
    3 Bridgewater Drive
    Richmond Hill, Ontario.
    6 Beds | 6 Baths
    $3,988,000
    160 Lawrence Avenue
    Richmond Hill, Ontario.
    4 Beds | 5 Baths
    $3,388,000
    Loading...
    395 Red Maple Road
    Richmond Hill , Ontario
    $3,888,000
    Get more info