Unit 10 - 10610 Bayview Avenue
Richmond Hill, ON
- 2,100 sqft
- Sale Of Business
- 172 days on market
30+ Years of Continuous Operations - This hair salon has been serving the Richmond Hill community at the same high-traffic Bayview Avenue location for over 30 years, with the current owner successfully at the helm for the last 15 years. The seller is now retiring, offering a rare opportunity to acquire a deeply established, turnkey operation. Why This Business Stands Out: Legacy & Clientele: Multi-decade presence in the plaza has cultivated an extremely loyal, consistent, and daily busy customer base. You are acquiring a proven reputation and immediate cash flow. True Turnkey Operation: Walk in and take over Day 1. Supported by a couple of reliable, long-term employees, allowing for smooth operation even with minimal initial salon involvement from the new owner. Systems are in place. Massive Expansion Potential (The Basement): The unit features approximately 1,055 sq. ft. of main floor space PLUS additional basement space. This is a significant value-add opportunity: Sublet the basement to a complementary health/beauty business (esthetics, lashes, spa, skincare) to generate immediate additional monthly rental income. Expand service offerings into the basement to create a full-service "Salon & Spa" destination, increasing overall sales without relocating. FINANCIAL & OPERATIONAL: Profitable Operations: A consistently busy salon with verified financials available to qualified buyers upon signing a Confidentiality Agreement. Lease in Place: Current lease extension runs to May 31, 2028, with a clause for one further 5-year renewal option (Fair Market Value rent upon renewal). Equipment and Inventory onsite are all included. List will be provided with firmed offer. FINANCING AVAILABLE: VENDOR FINANCING may be available for qualified buyer. Terms to be discussed upon conditional agreement. The seller has spent a decade building supplier relationships, customer trust, and operational systems.DO NOT go direct & DO NOT speak to employees.
Listing Details
- Taxes (2025)
- $7
- Listed
- March 11, 2026
Price History
Property
- Lot Size
- 16 x 65 Feet
Parking
- Garage
- None
Utilities
- Water
- Water System
Location & Legal
- Cross Street
- Bayview Ave./ Elgin Mills Rd E.
- Zoning
- Hair/Beauty Salon, Skincare, all kinds of Retail
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Barber/Beauty
Included
- Inclusions
- DISCLOSURES & CONDITIONS: - This is an asset sale (business assets, goodwill, and lease assignment). No shares are being transferred. - All financial representations are based on seller-provided information. The sale is conditional upon Landlord consent to lease assignment. Seller will assist. - HST applicable to the sale price (if any is in addition to the purchase price unless otherwise negotiated. SHOWING REQUIREMENTS: Strictly by appointment through showing systems. All interested buyers must sign a Confidentiality/Non-Disclosure Agreement first, before the co-operative agent to book a showing. All the showing need to be approved in 48 hours in advanced.
Property Insights
AI-generated from listing photos. Not professional advice.
Community
Postal area L4C
- Population
- 74,636
- Private dwellings
- 30,129
- Median age
- 46
- Average household size
- 2.6
- Median household income
- $86,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Richmond Hill · last 12 months
- Median sold price
- $1,120,444
- Homes sold
- 1,976
- Median days on market
- 24
- Sale-to-list price
- 98.6%
Based on 1,976 recorded sales of commercial properties in Richmond Hill over the last 12 months.
Listed by
BAY STREET GROUP INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 2,100 sq ft
- Price per sq ft
- $95.19
- Annual property tax
- $7
- Tax per sq ft
- $0.00
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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