Description

Incredible Investment Opportunity In Prime Location Of Downtown Richmond Hill, Crosby Community. Perfectly Shaped Lot, Approximately 0.90 Acres With A 6,000 Square Foot Building Close To Yonge Street. The Property Has Many Permitted Uses And It Surrounded By Apartment Buildings, Detached Homes, Townhomes, Public Parks, Restaurants, Retail Establishments, Churches, Community Services, Shopping Plazas, Schools And Public Transportation. Walking Distance To Yonge Street And All Public Amenities. Great Re-Development Potential For Multi-Residential/Townhouses Or Multi-Storey Development With Premium Lot Potential. The Property Is Currently Zoned (Neighbourhood) Residential And Used As A Legal Day Care Business For The Past 28+ Years With By-Law Amendment. 146 Licensed Spaces. The Building Is In Good Condition And Can Be Used For Many Different Businesses Or Leased To Any Commercial/Retail/Institutional Uses. Large Gym Area And Day Care/Class Rooms. Current Tenant Is "Cuties & Patooties Daycare" And Will Not Stay On After Closing. Excellent Investment Property To Rent And Generate Cash Flow While Awaiting Re-Development Application.

Highlights

Fridge, Stove, Dishwasher, Electric Furnace, Hot Water Tank, Fire Alarm System, Electric Light Fixtures & Building All In "As Is Condition" New Roof (2-3 Years) And Some Windows Replaced In 2017.