Industrial space for Sale — Richmond Hill
Overview
Description
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 courtesy of 100% PARTNERS REAL ESTATE.
Property details
- Property type
- Industrial
- Property subtype
- Flex
- Square footage
- 8,230 sq ft
- Clear height
- 16′
Feature sheet
- Municipality
- Richmond Hill
- Community
- Langstaff
- Apt/Unit
- Not provided
- Property Type
- Industrial
- Category
- Free Standing
- Use
- Other
- Total Area
- 8,230 sq ft
- Lot Size
- Not provided
- Lot Code
- Lot
- Office Apt Area
- 800 sq ft
- Industrial Area
- 8230 sq ft
- Truck Level Door No
- Not provided
- Drive-In Level Door No
- 7
- Grade Level Door No
- Not provided
- Clear Height
- 16 ft
- Amps
- Not provided
- Volts
- Not provided
- A/C
- No
- Heating Type
- Baseboard
- Sprinklers
- Not provided
- Zoning
- Not provided
- List
- $3,888,000
- Price Code
- Asking price
- Taxes
- $16,042.86
- Tax Type
- Annual
- Tax Year
- 2026
- Occupancy
- Not provided
- Possession Type
- Flexible
- Possession Remarks
- Flexible
Features & highlights
- 16′ clear height