1550 16th Avenue Unit B01&B02, Richmond Hill

Price: $21

0 bedrooms, 0 bathrooms

4,797 sqft

Property Type: Commercial

MLS#: N12613340

Rarely Available - Main Level, Commercial / Office / Flex Space with Direct Exposure on Leslie Street with commanding street presence *Great for Lawyers, Accountants & Other Professionals TMI Excludes Utilities - Hydro & Gas extra *Deposit To Consist Of First, Last Gross, Plus Security Deposit Equal To Last Months Gross Rent All Plus Hst

1550 16th Avenue Unit B01&B02 - Commercial photo 1 of 1 in Richmond Hill, Ontario
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$21 - 1550 16th Avenue Unit B01&B02, Richmond Hill

Commercial for Sale in Richmond Hill

0Beds
0Baths
4,797Sq Ft
Commercial
Property Details
MLS Number
N12613340
Property Type
Commercial
Status
active
Days on Site
26
Bedrooms
0
Bathrooms
0
Square Feet
4,797 sqft
Neighbourhood
Richmond Hill
Listing Brokerage
METROGLOBE REALTY BROKERAGE CORP.
Description

Rarely Available - Main Level, Commercial / Office / Flex Space with Direct Exposure on Leslie Street with commanding street presence *Great for Lawyers, Accountants & Other Professionals TMI Excludes Utilities - Hydro & Gas extra *Deposit To Consist Of First, Last Gross, Plus Security Deposit Equal To Last Months Gross Rent All Plus Hst

Neighbourhood Guide: Richmond Hill

Discover Richmond Hill

Richmond Hill is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Richmond Hill

  • Convenient location in Richmond Hill
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Richmond Hill offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

1550 16th Avenue Unit B01&B02, Richmond Hill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,899/mo
Range: $3,314 - $4,484
Cap Rate (ROI)
222800.0%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$3,899
Maintenance Fees-$0
Property Tax (est.)-$0
Insurance (est.)-$0
Net Cash Flow+$3,899

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Market Position

At 26 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Larger Home Realities

At 4,797 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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