The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Excellent opportunity to acquire an established, turnkey Automotive Service business in a prime Richmond Hill location near Yonge Street & 16th Avenue. This well-equipped operation offers oil change, tire service, and automotive repair services, making it an ideal opportunity for an experienced automotive professional or investor. The sale includes the business name, goodwill, established customer relationships, transferable client database where permitted, and all equipment required to continue operations. The approximately 1,600 sq. ft. facility plus one large mezzanine areas, 2 overhead garage doors, 1 man door, office, washroom. Extensive equipment includes one 10,000-lb hoist & one 9,000-lb hoist, tire machine, wheel balancer, compressor with hard-line air system, workbenches, shelving, transformers, oil disposal system, office furniture and supplies, plus additional machinery required for a turnkey automotive operation. Excellent location with high visibility and accessibility, minutes from Yonge Street, shopping, major amenities, and approximately a 10-minute walk to the GO Station. Current gross rent is approximately $3,955/month including TMI. A new 3-year lease is available for a qualified purchaser, with immediate possession possible. Seller represents that the business and equipment are free and clear of liens. A fantastic opportunity to step into an established automotive operation with existing infrastructure, equipment, and customer base. Business sale only.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$744/mo
Mortgage (principal + interest)$744
Minimum $9,940 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$39,760
Ontario land transfer taxProvincial brackets, no first-time refund$1,713
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$44,273
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Richmond Hill has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
