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210 Jacey Anne Dr

3,531 SF Office Building Richmond Hill, ON L4C 4N5 £1,490,394 (£422/SF) 5.21% Net Initial Yield

Investment Highlights

  • Meticulously Maintained
  • Great Street Exposure
  • Lots of Natural Light

Executive Summary

Client Remarks
A truly unique and highly advantageous investment in the heart of Richmond Hill. Currently operating as a Dental Office & Denture Centre with 3 additional private residential apartments. Zoning allows for a versatile array of uses for main floor office space. Modern layout and high quality finishes throughout. No need to deal with below market rents since residential units are readily vacant and meticulously taken care of. Tremendous upside potential for savvy investors offering a 4.53% cap rate at full capacity. Alternatively, the ideal investment for professionals seeking to open their own practice benefiting with a combined work and live-in space. Stand out in your industry as you mitigate overhead operating costs while maximizing the rental income potential. Drastically eliminate your commute time while increasing efficiency and quality of life. Convenient location with simple public transit accessibility. Strategic corner lot allows for enhanced visibility for high foot traffic directly off Yonge St. Private driveway allows for 12 vehicle parking spaces in tandem with the potential to expand. Oversized garage allows for additional parking / storage space or possible conversion. Truly an exceptional opportunity to enhance your real estate portfolio and fast track your success!

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
3,531 SF
Building Class
B
Year Built
1975
Price
£1,490,394
Price Per SF
£422
Net Initial Yield
5.21%
NOI
£77,650
Tenancy
Single
Number of Floors
2
Typical Floor Size
2,006 SF
Slab to Slab
11 ft
Building FAR
0.58
Land Acres
0.14 AC
Zoning
R2 - R2 with Commercial Unit (35% of Floor Space)
Parking
12 Spaces (3.4 Spaces per 1,000 SF Leased)

Amenities

  • Bio-Tech/ Lab Space
  • Fenced Lot
  • Signage
  • Kitchen
  • Reception
  • Basement
  • Central Heating
  • High Ceilings
  • Wooden Floors
  • Air Conditioning
  • Balcony
  • Smoke Detector
Walk Score ®
Very Walkable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 33192078

  • Date on Market: 16/09/2024

  • Last Updated:

  • Address: 210 Jacey Anne Dr, Richmond Hill, ON L4C 4N5

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