10087 Yonge Street in Richmond Hill: Crosby Commercial for sale : MLS®# N13721418
Looking for a commercial residential for sale? These mixed-use properties offer flexibility and income potential, blending business space with residential living. Whether you’re an investor, entrepreneur, or buyer seeking passive income, commercial-residential real estate presents excellent long-term value.
Exceptional Yonge Street Commercial Investment Opportunity! Well-managed and extensively renovated two-storey retail and professional office building located directly on Yonge Street in the heart of Richmond Hill. This high-exposure property offers strong rental income, established tenants, excellent street presence, and significant long-term investment and future development potential. The building features a distinctive modern exterior with large front patios facing Yonge Street, creating exceptional visibility along one of Richmond Hill's busiest commercial corridors. The property has undergone over $2.5 million in interior and exterior improvements and renovations and has been exceptionally well maintained. The building presents in excellent condition, allowing a new owner to acquire a substantially improved income-producing asset without the immediate need for major renovations. With its combination of high rental income, established tenants, Yonge Street frontage, extensive renovations, parking, accessibility, and future development potential, this property represents an outstanding opportunity for investors and owner-users. The layout may also be particularly well suited for medical, healthcare, professional, legal, financial, or other office uses, subject to applicable zoning and approvals. An excellentopportunity to acquire a high-income commercial property today while maintaining the potential for future redevelopment or intensification. Prime Richmond Hill location on the east side of Yonge Street, approximately one block north of Major Mackenzie Drive. The property benefits from outstanding exposure to Yonge Street traffic and is situated within an established commercial and residential area in the heart of Richmond Hill.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Total Area:
13385 sq. ft. Square Feet
Total Area:
13,385 sq. ft.1,244 m2
Retail Area:
6157 sq. ft. Sq Ft
Industrial Area:
0 sq. ft. Sq Ft
Office/Apt Area:
6157 sq. ft. Sq Ft
Lot Depth:
204'11¾"62.5 m
Lot Frontage:
66'2"20.2 m
Water supply:
Municipal
Zoning:
GC
Heating type:
Other
Clear Height:
0'0 m
Garage:
Outside/Surface
Possession Details:
TBD
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$49,500 /
2025
Assessment:
$- /
-
York
Richmond Hill
Crosby
No
The property currently includes: 4 commercial storefront entrances, established restaurant, law firm / professional retail-office space, 10 professional office units, large restaurant patios facing Yonge St, multiple male and female washroom facilities on each floor, water fountains on each floor, dedicated sink/utility room on each floor for office use, kitchen, extensive rear parking, wheelchair-accessible front and rear entrances, including ramps and accessible entry doors. Mechanical Systems: the property is equipped with: 3 York rooftop heating and cooling units, 2 furnace units located in the lower-level mechanical/furnace room, 1 newly installed dedicated heating and cooling system serving the restaurant.
• Dual Income Potential – Earn from both residential tenants and commercial leases • Ideal for Business Owners – Live and work in the same space or rent one out • High Demand in Urban Centers – Great appreciation in key GTA neighborhoods • Tax Benefits – Potential deductions for property taxes, mortgage interest, and depreciation
Explore Commercial Residential Across the GTA
From downtown Toronto storefronts with apartments above to suburban mixed-use lots, the GTA offers diverse opportunities. Consider locations like:
Hamilton & Durham – More affordable options with upside potential
Toronto Core – High foot traffic and visibility
Vaughan & Richmond Hill – Rapid suburban growth
Tips for Buying a Commercial Residential Property
Make sure to research zoning laws, expected rental yields, and property management needs. Consult professionals for financing, legal advice, and inspections.
Start Your Search for a Commercial Residential Property Today
Browse our listings to find a property that suits your investment goals or lifestyle. Whether you’re expanding a business or building long-term equity, now is the time to invest in this versatile property type.
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FAQs – Commercial Residential for Sale
1. What is a commercial residential property? It’s a mixed-use property that combines residential living space with commercial units, like retail or office.
2. Are these properties good investments? Yes. They offer dual income streams and strong appreciation in high-growth areas.
3. Can I live in the residential portion and rent the commercial part? Absolutely. Many owners choose to occupy one space and lease the other for income.
4. What financing options are available? You may need a commercial mortgage or mixed-use loan; rates and terms vary from traditional home loans.