$1,688,000
For sale: Other

Excellent investment opportunity for user or investor. Multi-use commercial retail space on the ground level of the Grand Palace Condo Complex, in the sought-after, high traffic prime Yonge St. location, fronting on Yonge and directly across from a busy plaza with great visibility. Space is currently tenanted and occupied as a successful pastry/coffee shop on a month-to-month basis. Plenty of free parking, both surface and underground. Direct access to the building with exclusive use of 275 s.f. of patio spaces inside and outside.
Sold data
Homes in North Richvale took a median of 22 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 34, across 36 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 52 days.
The median sale price was $892,500.
Homes sold for about 4.4% below asking on average, so there was room to negotiate.
About 14% of sales closed above the list price.
Around 19% of sellers reduced their price before finding a buyer.
Based on 36 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
Richmond Hill (North Richvale) 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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