$2,000/mo - 129 Church Street Unit 202, Richmond Hill
Commercial for Rent in Richmond Hill
37 days on marketNeighbourhood: Crosby
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- MLS Number
- N13728562
- Property Type
- Commercial
- Status
- active
- Days on Site
- 37
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- 1,200 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- COLDWELL BANKER THE REAL ESTATE CENTRE
Fantastic opportunity to lease a bright, second-floor office suite in the heart of Richmond Hill, just steps from the corner of Yonge St and Major Mackenzie Dr W -one of the area's busiest and most recognizable intersections. This approximately 1,200 sq ft open-concept unit offers exceptional flexibility for a wide range of professional office uses, with a spacious main room of approximately 990 sq ft complemented by a smaller private room of approximately 310 sq ft, ideal for a private office, meeting room, or reception area. The unit features its own private washroom and a convenient coat closet, adding to the functionality and privacy of the space. Zoned for professional office use, the property accommodates numerous permitted uses defined under the office use category, offering great versatility for medical, legal, financial, consulting, or other professional practices. Abundant natural light pours in through plenty of windows, creating a bright and welcoming atmosphere for staff and clients alike. The building is home to a strong roster of established professional tenants, lending credibility and a polished, business-appropriate environment to the property. Plenty of on-site parking is available for customers and clients, ensuring convenient access for visitors - a valuable feature in this high-traffic, high-visibility location just minutes from major arterial roads. Pylon signage is available, offering excellent exposure to the thousands of vehicles passing daily along this major commercial corridor. With its central location, easy accessibility to Richmond Hill's key roads and amenities, professional neighbouring tenants, and versatile zoning, this is a rare opportunity for a growing business or professional practice to establish itself in a prime, high-exposure setting. Don't miss your chance to secure this well-located, move-in-ready office space in one of Richmond Hill's most desirable commercial corridors.
Discover Crosby
Crosby is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Crosby
- •Convenient location in Richmond Hill
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Crosby offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
129 Church Street Unit 202, Richmond Hill
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $2/sqft, this is priced on the lower end for commercial, which warrants investigating condition, zoning restrictions, and tenancy. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Commercial Market Pace
Commercial real estate transactions typically take 60–120 days from offer to close — longer than residential — due to financing conditions, environmental reports, and tenant estoppel reviews. This 37-day listing is within normal commercial market exposure.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Richmond Hill transactions.