Rare investment opportunity! Exceptional fully leased commercial property at the high-traffic intersection of Bayview Avenue and Major Mackenzie Drive. Currently tenanted by a thriving Mediterranean restaurant, this space features high-end finishes, two bathrooms, stainless steel kitchen components, an 8-ft canopy hood, a tankless hot water system, and a fully equipped commercial setup. Located in a highly desirable area, the property offers excellent street exposure, ample parking, and great convenience - just a 5-minute walk to the Richmond Hill GO Station, with easy access to Highways 404 and 407, and a YRT transit stop nearby. The area's strong growth potential is further supported by Bayview Secondary School (3,000+ students) and a planned 10-storey, 244-unit residential development directly across from the unit, in the Walmart Plaza. This property combines stable rental income, great curb appeal, and tremendous upside for future appreciation - a rare gem in a booming location and the perfect addition to any investor's portfolio. The unit is rented for $5,900 + HST per month on a 5+5-year lease, starting November 2024.
Address
9 - 10066 Bayview Avenue
List Price
$1,268,000
MLS® Status
New
Expiration Date
2026-05-31
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Richmond Hill
Sub-Area
Crosby
Region
York
Bathrooms
2
Lot Depth
60.75
Lot Type
Unit
Lot Size Units
Feet
Lot Width
15.5
Parcel Number
297570009
Total Building Area
937
Occupant Type
Tenant
Cross Street
Bayview/Major Mackenzie
Approx. Age
6 - 15 Years
MLS® Number
N12627564
Listing Brokerage
SUTTON GROUP-ADMIRAL REALTY INC.
Basement
No
Postal Code
L4C 0W5
Tax Amount
$6,416.31
Tax Year
2025
Site Influences
Major Highway, Public Transit
Community Features
Public Transit, Major Highway
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heating
Yes
Heat Type
Gas Forced Air Open
Cooling
Yes
Cooling Features
Yes
Garage Type
Plaza
Security Features
Yes