395 Red Maple Road
Richmond Hill, ON
- 0.57 sqft
- Industrial
Exceptional opportunity to acquire a well-maintained, income-producing automotive service property in a highly sought-after Richmond Hill location. Situated on the east side of Red Maple Road, approximately 125 metres north of 16th Avenue, and just off Yonge Street, this property occupies a 0.573-acre site and offers excellent connectivity to Highway 404, Highway 407 ETR, Yonge Street and Highway 7. The approximately 8,230 sq. ft. building features four individually leased units ranging from approximately 1,000 to 3,500 sq. ft. All units except Unit 3 include a small office. Currently generating approximately $180,000 in gross annual rental income, the property benefits from four established tenants, primarily operating automotive-related businesses, with a strong interest in remaining and pursuing long-term lease arrangements. Designed for functionality and flexibility, each unit has its own gas meter, while three hydro meters serve the building: Units 3 and 4 are separately metered, and Units 1 and 2 share a meter. Interconnecting doors between units offer potential flexibility for larger configurations, subject to existing leases and required approvals. Automotive-use properties in this central Richmond Hill location are increasingly difficult to find. Whether you are an investor seeking established rental income or an automotive business owner looking to occupy your own premises while generating income from the remaining units, this property presents a compelling opportunity to build equity and explore future use potential. A recent environmental assessment has also been completed by the owner, providing a valuable starting point for purchaser due diligence. Buyers are encouraged to conduct their own due diligence regarding zoning, existing legal non-conforming uses, environmental matters, leases, rental income and future use potential. Most of the ceiling height is 16 feet, but it varies.
Listing Details
- Taxes (2026)
- $16,043
- Listed
- October 30, 2026
Price History
Property
- Lot Size
- 100.79 x 265.25 Feet
Parking
- Garage
- Outside/Surface
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- Yonge Street & 16th Avenue
- Zoning
- M1 Industrial
- Parcel Number
- 031100198
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Other
- Office / Apartment Area
- 800 Sq Ft
Included
- Exclusions
- All equipment, tools, personal belongings, and portable air conditioning units are the property of the tenants and are not included in the sale.
- Rental Items
- The Buyer shall assume any existing contracts, if applicable, for waste collection, recycling, and snow removal services.
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
- $1,100,000
- Homes sold
- 1,973
- Median days on market
- 24
- Sale-to-list price
- 98.5%
Based on 1,973 recorded sales of commercial properties in Richmond Hill over the last 12 months.
Listed by
100% PARTNERS REAL ESTATE
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Annual property tax
- $16,043
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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Reita is an automated assistant, not a licensed real estate agent. This listing mentions Currently generating approximately $180,000 in gross annual rental income, the property benefits from four established tenants, primarily operating automotive-related businesses, with a strong interest in remaining and pursuing long-term lease arrangements.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?