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Listing ID: N9031208
186 King Rd , Richmond Hill, L4E 2W1, Ontario
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| Don't miss this exceptional opportunity! This property, featuring GC1 zoning for both commercial and residential use, is in a prime location. Rental Income is from first floor laundry mat and 2 apartments with 2 bedrooms each with 1000 sqft upstairs ($1215 +$1628 + $6000)$8843 a month! The building is in excellent shape, making it a fantastic investment. Steps from Yonge St and King Rd, it is surrounded by golf clubs, parks, and lakes, and is within walking distance to Yonge St, transit, and all amenities. The property also offers easy access to Hwy 404 and Yonge St, enhancing its convenience and appeal. As an added bonus, the adjacent property at 192 King Rd & 3 Hughes is for sale, providing a unique chance to combine both properties for future development, Mid Rise, day care etc.( buyer should verify with the city) Act now to secure this prime piece of real estate! The current zoning designation allows for a variety of commercial uses, such as professional and medical offices, veterinary clinics, day nurseries, personal service shops, and health centers. This property also offers potential for development. |
| Extras: Amazing investment opporunity! Zoning allows for both commercial and residential use in this prime location. |
| Listed Price | $1,399,000 |
| Taxes: | $6110.00 |
| Contract Date: | 7/10/2024 12:00:00 AM |
| Expiry Date: | 10/12/2024 12:00:00 AM |
| DOM | 7 |
| Possession Date: | tba |
| Occupancy by: | Owner |
| Commission Co-Op Brokerage | 2.5%-$499+hst |
| Seller Property Info Statement | N |
| Listing Agent 1: | SHARON SOLTANIAN, Broker of Record |
| Listing Agent 1 Phone: | 416-901-9881 |
| Address: | 186 King Rd , Richmond Hill, L4E 2W1, Ontario |
| Postal Code: | L4E 2W1 |
| Fronting On: | N |
| Province/State: | Ontario |
| Legal Description: | PT LT 25 PL 202 KING, PT 2 65R17838 ; RI |
| Lot Size: | 56.00 x 146.11 (Feet) |
| Acreage: | |
| Directions/Cross Streets: | King/Yonge |
| Rooms: | 7 |
| Bedrooms: | 4 |
| Bedrooms +: | |
| Kitchens: | 2 |
| Family Room: | N |
| Basement: | None |
| Property Type: | Detached |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 10 |
| Pool: | None |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Forced Air |
| Sewers: | Sewers |
| Water: | Municipal |
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| SOLTANIAN REAL ESTATE INC. |
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SHARON SOLTANIAN
Broker of Record
Dir:
416-901-9881
| Virtual Tour | Email a Friend |
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At a Glance:
| Type: | Freehold - Detached |
| Area: | York |
| Municipality: | Richmond Hill |
| Neighbourhood: | Oak Ridges |
| Style: | 2-Storey |
| Lot Size: | 56.00 x 146.11(Feet) |
| Tax: | $6,110 |
| Beds: | 4 |
| Baths: | 2 |
| Fireplace: | N |
| Pool: | None |
Locatin Map:
