Homula Realty Brokerage
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10066 Bayview Avenue 9, Richmond Hill, ON L4C 0W5

Commercial Retail
$1,198,000

Rare investment opportunity! also can be vacant! Exceptional fully leased commercial property at the high-traffic intersection of Bayview Avenue and Major Mackenzie Drive. Currently tenanted by a thriving Mediterranean restaurant, this space features high-end finishes, two bathrooms, stainless steel kitchen components, an 8-ft canopy hood, a tankless hot water system, and a fully equipped commercial setup. Located in a highly desirable area, the property offers excellent street exposure, ample parking, and great convenience - just a 5-minute walk to the Richmond Hill GO Station, with easy access to Highways 404 and 407, and a YRT transit stop nearby. The area's strong growth potential is further supported by Bayview Secondary School (3,000+ students) and a planned 10-storey, 244-unit residential development directly across from the unit, in the Walmart Plaza. This property combines stable rental income, great curb appeal, and tremendous upside for future appreciation - a rare gem in a booming location and the perfect addition to any investor's portfolio. The unit is rented for $5,900 + HST per month on a 5+5-year lease, starting November 2024.can be vacant too.

MLS number
N13569130
Type
Commercial Retail
Status
Active
Bedrooms
Bathrooms
2
Postal code
L4C 0W5
Photos
33
Property tax
$6,416 / year
60days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Matched to the building rather than the unit — every unit in a tower shares one coordinate.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Michaëlle Jean PS
Elementary · French Immersion · 1-3
YRDSB boundary · approved April 2007
Beverley Acres PS9.2 / 10
Elementary · French Immersion · 4-8
YRDSB boundary · approved April 2007
Walter Scott PS5.5 / 10
Elementary · Regular Track · JK-8
YRDSB boundary · approved April 2020
Alexander Mackenzie HS8.4 / 10
Secondary · Arts · 9-12
YRDSB boundary
Thornlea SS8.4 / 10
Secondary · French Immersion · 9-12
YRDSB boundary · approved December 2025
Bayview SS9.3 / 10
Secondary · International Baccalaureate (IB) · 9-12
YRDSB boundary
Bayview SS9.3 / 10
Secondary · Regular Track · 9-12
YRDSB boundary · approved May 2020
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

York Region. Published by the York Region District School Board’s planning department, with the date the board approved each boundary shown above. A boundary approved years ago is still the current one until the board redraws it, but the older the date, the more worth confirming.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: YRDSB school locator.

Sources: York Region District School Board planning department.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Richmond Rose Public School
York Region DSB
Elementary815 m8.3 / 10
83% met the standard
St Joseph Catholic Elementary School
York CDSB
Elementary874 m7.5 / 10
75% met the standard
Richmond Hill Christian AcademyElementary908 mNot reported
Our Lady Queen of the World CA High School
York CDSB
Secondary1.0 km8.6 / 10
86% met the standard · 2 of 6 measures
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 393 people.

$73,500Median household income
61.5%Own their home
81.5%Detached houses
41.6Median age
63.4%Born outside Canada
27%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35190494 — the few blocks around this address, home to 393 people. It describes the area, not this property.

393Population
39.3Average age
3Household size
$106,000Average household income
$73,500Median household income
62%Own their home
39%Rent
0%Condominiums
63%Born outside Canada
27%University degree
$1,160,000Average home value
16%Low income
97%Not in the labour force
32%Never married
Under $5,0003%
$20,000 to $24,9993%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9993%
$40,000 to $44,9996%
$45,000 to $49,9993%
$50,000 to $59,9996%
$60,000 to $69,9996%
$80,000 to $89,9996%
$100,000 and over30%
$100,000 to $124,9999%
$125,000 to $149,9996%
$150,000 to $199,9996%
$200,000 and over6%

Percentages are of the 165 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$239,600 · minimum here is $94,800
$5,304.48per month
Borrowed before insurance$958,400
Total borrowed$958,400
Interest over 25 years at 4.5%$632,945

If you rented it out

-$5,839.15per month out of pocket
Rent$0.00
Everything it costs to hold$5,839.15
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by SUTTON GROUP-ADMIRAL REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.