Welcome to this remarkable sale of business located in the coveted neighborhood of Beaver Creek Business Park. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1 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.
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.
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Major Highway, Public Transit
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Data-driven valuation for 160 East Beaver Creek Road 29, Richmond Hill, ON L4B 3L4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Richmond Hill.
About Purchasing a Home in Richmond Hill, ON
For a property listed at $1 in Richmond Hill, the legal minimum down payment is $0 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 $0 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 $0.
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