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68 & 69 - 550 HIGHWAY 7 E, Richmond Hill (Beaver Creek Business Park), Ontario, L4B 3Z4

MLS® # N9009334
Commercial For Sale In Beaver Creek Business Park, Richmond Hill (Beaver Creek Business Park), Ontario
$2,200,000
68 & 69 - 550 Highway 7 E, Richmond Hill (Beaver Creek Business Park), ON
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ACTIVE
68 & 69 - 550 HIGHWAY 7 E, Richmond Hill (Beaver Creek Business Park), Ontario, L4B 3Z4
$2,200,000

Property Information:

Good Investment for end user, in Time Square, Well Known Solid Tenant (Hong Kong Restaurant Since 2001) AAA Net Rent $100,000/year. Potential to increase. Tenant pays TMI, utilities, condo fees. **** EXTRAS **** Please Do not disturb the Business Owner. (id:27)

Building Features:

  • Style: Retail
  • Air Conditioning: Yes
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Retail
  • Bathrooms: 2
  • Amenities Nearby: Highway
  • Irregular: Yes
  • Lot Depth: 60.0 Feet
  • Lot Frontage: 30.0 Feet
  • Lot Size: Unit=30 x 60 FT
  • Zoning: Commercial C1

Courtesy of: HOMELIFE FRONTIER REALTY INC.

REALTOR.ca  

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Market Price Trends

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Location of 68 & 69 - 550 HIGHWAY 7 E, Richmond Hill (Beaver Creek Business Park), Ontario, L4B 3Z4

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

30 hot days expected in 2050

Projected Precipitation Risk: Moderate

13 storms expected in 2050

Projected Heat Risk: High

30 hot days expected in 2050

46/100

High

ClimateCheck®

Current data

This property, 68 & 69 - 550 HIGHWAY 7 E , experiences 7 hot days per year at around 31.4 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 30 hot days at 35 degrees Celsius.

Projected Avg. Temperature

Past
31.4℃
2050
35℃

# Hot Days Per Year

Past
7
2050
30

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

13 storms expected in 2050

56/100

High

ClimateCheck®

Current data

This property, 68 & 69 - 550 HIGHWAY 7 E , experiences 11 significant 2-day storms per year, with about 296.3mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 368.2mm of precipitation per year.

Precipitation Per Storm

Past
296.3mm
2050
368.2mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 68 & 69 - 550 HIGHWAY 7 E, Richmond Hill (Beaver Creek Business Park), Ontario, L4B 3Z4

Life Stage

Midlife Families

Employment Type

Service Sector/White Collar

Average Household Income

$99,028.21

Average Number of Children

1.31

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.08 %

High school certificate or equivalent

24.46 %

Apprenticeship trade certificate/diploma

2.37 %

College/non-university certificate

15.84 %

University certificate (below bachelor)

1.94 %

University Degree

43.32 %

Commuter

Travel To Work

By Car

86.48 %

By Public Transit

6.2 %

By Walking

5.0 %

By Bicycle

0.0 %

By Other Methods

2.32 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

76.98 %

Houses

23.02 %

Own Vs. Rent

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