$1/mo - 160 East Beaver Creek Road Unit 29, Richmond Hill
Commercial for Rent in Richmond Hill
44 days on marketNeighbourhood: Beaver Creek Business Park
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- MLS Number
- N13708498
- Property Type
- Commercial
- Status
- active
- Days on Site
- 44
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 2,012 sqft
- Neighbourhood
- Richmond Hill
- Taxes (2025)
- $7,314
- Listing Brokerage
- BAY STREET GROUP INC.
10+ Years of Continuous Operations - Established in 2015, this business has built a loyal customer base and strong reputation in the GTA. The seller is retiring, offering a rare opportunity to acquire a turnkey operation. Beautiful and bright 2,012 sq. ft. showroom; lease term until July 31, 2027 with another three years renew options. Two Streams of Revenue: 1. Flooring Division (Showroom Based): - Fully stocked showroom featuring engineered hardwood, luxury vinyl plank (LVP), and complementary flooring products. - established supplier relationships across the supply chain. - Display inventory and samples included 2. Renovation Division: - Full-service residential renovation capabilities. - Expanding product lines include: Smart toilets and bidets; Smart doorbells and home security integration; Kitchen cabinets and millwork; Bathroom vanities and fixtures; - Commercial renovation projects also serviced (select clientele) Growing Smart Home Product Line - Positioned for the growing demand in home automation and smart technology integration. FINANCIAL & OPERATIONAL: - Profitable Operations - Verified financials available to qualified buyers upon signing a Confidentiality Agreement. - Lease in Place - Commercial unit in high-traffic Beaver Creek Business Park; - Inventory valued at approximately $50,000(at cost), including all showroom flooring samples, display units, and etc. - Equipment Included - Office furniture, shelving, display racks, computer systems, and renovation tools/equipment (Equipment list will be provide for qualified buyers); - Training/Transition Support - Seller willing to provide Two weeks reasonable training period to ensure smooth handover; 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.
Discover Beaver Creek Business Park
Beaver Creek Business Park 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 Beaver Creek Business Park
- •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
Beaver Creek Business Park 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.
160 East Beaver Creek Road Unit 29, 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
Commercial property values in Richmond Hill are driven by location, zoning, current tenancy, and income potential — not the same $/sqft benchmarks as residential. I'll run a proper comparable sales analysis using recent commercial transactions in this area.
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 44-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.