$949,000
For sale: Other

Exceptional Investment Opportunity in Prime Richmond Hill Location! Seize the chance to own a premium commercial retail unit situated at the bustling intersection of Bayview and Major Mackenzie. The unit comes with 200amp breaker more than enough for most operations and an accessible washroom (rare in this plaza). Its surrounded by high volume traffic with condos and apartments and not to mention its right across a strong academic high school (Bayview Secondary) with over 3000 students. With a planned 10-storey, 244-unit residential development directly across the street in the Walmart Plaza, this property is well positioned to benefit from future population growth and increased consumer traffic. A rare opportunity combining stable income, strong exposure, and long-term appreciation potential.
Sold data
Homes in Richmond Hill (Crosby) took a median of 26 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 51, across 533 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 58 days.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 $1,128,800.
Homes sold for about 3.2% below asking on average, so there was room to negotiate.
About 24% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
Based on 533 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Richmond Hill (Crosby) 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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