1070 Major Mackenzie Drive, Richmond Hill, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Rouge Woods. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $38,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Spacious lot size measured in Feet
- Convenient outside/surface garage included
- equipped with partial central cooling and highly efficient electric forced air heating
Description
Excellent opportunity to acquire a turnkey indoor golf studio and after-school academic business in a high-traffic SmartCentres Plaza in Richmond Hill. Approx. 1,881 sq ft featuring 2 golf simulator bays with owned Impact Vision simulators and automatic tee systems, with the remaining area currently used as academic classroom space. Ideal for golf academy, after-school program, or professional office use. Current rent is $9,092.60/month including TMI and HST. Current lease in place until September 2026, with a new 2-year lease term available subject to landlord's consent. The seller will prioritize buyers who are able to take occupancy as soon as possible. Strong applicants with good credit, relevant experience, and proof of assets will be viewed favourably. Financial statements will not be provided at the seller's request; however, recent sales records from the Skedda automated booking/payment system can be shared, based on the current operation of 2 simulator bays. All existing equipment is fully owned by the seller and is included in the sale on an as-is basis. Existing fixtures are also included and to be assumed on an as-is basis. Please note that future redevelopment of the property is planned; however, as final approval is expected to take considerable time, all units are currently being actively operated, with many recently leased or renewed. The lease also contains a 6-month demolition clause.
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Pricing & Value Insights
Data-driven valuation for 1070 Major Mackenzie Drive E H4, Richmond Hill, ON L4S 1P3
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $38,000 in Richmond Hill, the legal minimum down payment is $1,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $190 for this transaction. As this listing is in Richmond Hill (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $190.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.