$150,000
For sale: Other

Well-established dry cleaning and laundry business operated by the owner for over 26 years at this busy location. Located in a high-traffic plaza in the desirable Mill Pond community, surrounded by affluent high-income neighborhoods,hospital,restaurants, diverse local businesses. Stable customer base.The business is equipped with PERC-Free ,eco-friendly dry cleaning equipment and generates additional revenue through professional alteration services.The retiring owner has not partnered with any depots, presenting a significant growth opportunity for the new owner to expand by adding depot relationships and potentially tripling current sales.
Sold data
Homes in Richmond Hill (Mill Pond) took a median of 24 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 48, across 487 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 58 days.
The median sale price was $1,099,900.
Homes sold for about 3.1% below asking on average, so there was room to negotiate.
About 25% of sales closed above the list price.
Around 14% of sellers reduced their price before finding a buyer.
Based on 487 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Richmond Hill (Mill Pond) has 43 Fraser Institute–rated schools (35 elementary and 8 secondary), averaging 7.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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