16-17 - 1285 ELGIN MILLS ROAD E, Richmond Hill (Rouge Woods)

$425,000

For sale: Other

Other at 16-17 - 1285 ELGIN MILLS ROAD E, Richmond Hill (Rouge Woods)
Property type
Sale Of Business
MLS®
MLS® N13176754
Neighbourhood
Rouge Woods

A rare chance to secure a fully equipped, turn-key restaurant space in one of Richmond Hill's most active and sought-after commercial plazas. Positioned at a high-traffic intersection surrounded by dense residential communities, top-rated schools, major green space, and convenient highway access - this is the kind of location that operators spend years searching for.2,500 sq ft of professionally built-out restaurant space. 60 seats. Full commercial kitchen designed for high-volume service. This space has proven itself year after year - maintaining a loyal and growing customer base while generating a built-in institutional revenue stream that speaks volumes about the strength and consistency of this location.The previous establishment held LLBO licensing - giving the incoming operator a clear and established path to obtaining their own liquor licence and unlocking a significant additional revenue opportunity from day one.The space is fully equipped and ready for immediate possession. Bring your concept, your cuisine, your brand. Whether you are an experienced operator looking to expand into a proven market or an aspiring owner ready to open your doors in the right location - everything you need is already here.Your vision. Your menu. Your name on the door. The hard part is done - this is your opportunity to walk into a space that was built to succeed and is ready for its next chapter.

Sold data

Homes in Rouge Woods — recent sold market

Homes in Rouge Woods took a median of 16 days to sell over the last 90 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 30, across 30 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 34 days.

The median sale price was $1,448,500.

Homes sold for about 2.0% below asking on average, so there was room to negotiate.

About 40% of sales closed above the list price.

Around 13% of sellers reduced their price before finding a buyer.

Median days to sell
16
Median sale price
$1,448,500
Sale-to-list ratio
98.0%
Sold above asking
40%

Based on 30 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Richmond Hill (Rouge Woods)

Richmond Hill (Rouge Woods) has 43 Fraser Institute–rated schools (35 elementary and 8 secondary), averaging 7.5/10.

Rated schools
43
Elementary
35
Secondary
8
Average rating
7.5 / 10

Top-rated schools in Richmond Hill (Rouge Woods)

  • Corpus Christi — elementary, Richmond HillFraser rating 10.0/10
  • St. Therese of Lisieux — secondary, Richmond HillFraser rating 10.0/10
  • Silver Stream — elementary, Richmond HillFraser rating 9.3/10
  • St Charles Garnier — elementary, Richmond HillFraser rating 9.3/10
  • Bayview — secondary, Richmond HillFraser rating 9.2/10
  • Father Henri J M Nouwen — elementary, Richmond HillFraser rating 9.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 16-17 - 1285 ELGIN MILLS ROAD E