53 Observatory Lane
Richmond Hill, ON
- 4,305 sqft
- Commercial Retail
- 16 days on market
HIGH CEILINGS. BIG POSSIBILITIES. YOUR NEXT FITNESS, DANCE OR EDUCATION DESTINATION! Discover approx. 4,305 sq. ft. of commercial space in the heart of Downtown Richmond Hill, offering an exciting opportunity to establish a distinctive business in an excellent location. The standout feature is the impressive HIGH CEILINGS, creating a spacious, uplifting atmosphere that brings an entirely different dimension to the customer experience. For operators envisioning an energetic fitness centre, boutique gym, dance academy or inspiring learning environment, this space deserves a closer look. Imagine group fitness classes, personal training, yoga, Pilates, martial arts, dance instruction, tutoring or educational programs, subject to zoning, landlord consent and required approvals. The generous floor area offers scope to explore training, teaching and activity zones tailored to your concept, subject to the existing layout and any necessary alterations. TEN ALLOCATED PARKING SPACES, together with visitor parking availability, add everyday convenience for members, students, instructors and guests. A compelling combination of size, ceiling height, parking and location for operators ready to grow their brand or introduce a fresh concept to Richmond Hill. Net Rent: $20.00/sq. ft./year. TMI: $12.00/sq. ft./year. Combined quoted rate: $32.00/sq. ft./year, plus HST, utilities and other applicable charges. Bring your vision, explore the possibilities and experience the impact of these high ceilings in person. BOOK YOUR PRIVATE SHOWING!
Listing Details
- Taxes (2025) — owner
- $80,000
- Listed
- September 3, 2026
Price History
Listing history
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Property
- Lot Size
- 200.19 x 615.63 Feet
Parking
- Garage
- Outside/Surface
Location & Legal
- Cross Street
- YONGE - WELDRICK
- Zoning
- R-IND
- Parcel Number
- 031450329
- Possession
- Immediate
- Occupancy
- Vacant
Commercial
- Business Type
- Other
- Rental Term
- 36-60 months
Included
- Inclusions
- Use of approximately 4,305 sq. ft. of leased premises and 10 allocated parking spaces, subject to the final lease. Visitor parking is available subject to availability and property parking rules. Included fixtures and improvements to be specifically identified in the lease.
- Exclusions
- No furniture, equipment, inventory or other business assets are included unless expressly identified in the final lease. HST, utilities and other applicable charges are additional to the quoted net rent and TMI.
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.
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