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.
Property Type:
Commercial
Property Sub Type:
Industrial
Freestanding:
Yes
Total Area:
24960 sq. ft. Acres
Total Area:
24,959.88 sq. ft.2,319 m2
Industrial Area:
8230 sq. ft. Sq Ft Divisible
Office/Apt Area:
800 sq. ft. Sq Ft
Lot Depth:
265'3"80.8 m
Lot Frontage:
100'9½"30.7 m
Lot Shape:
Irregular
Water supply:
Municipal
Zoning:
M1 Industrial
Heating type:
Baseboard
Clear Height:
16'4.88 m
Survey Available:
Yes
Garage:
Outside/Surface
Possession Details:
Flexible
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$16,042.86 /
2026
Assessment:
$- /
-
York
Richmond Hill
Langstaff
No
The Buyer shall assume any existing contracts, if applicable, for waste collection, recycling, and snow removal services.
All equipment, tools, personal belongings, and portable air conditioning units are the property of the tenants and are not included in the sale.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.