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$20

53 Observatory Ln

Richmond Hill, ON L4C 8K9

53 Observatory Ln, Richmond HillListed at $20 Commercial Retail. MLS® N13749384.

Move-in

Immediate

4,305.5Sq Ft
Other
Commercial Retail
$80,000Taxes/yr · 2025

Description

HIGH CEILINGS. BIG POSSIBILITIES. YOUR NEXT FITNESS, DANCE OR EDUCATION DESTINATION! Discover approx. 4,305 sq. ft. of commercial space in the heart of Downtown Richmond Hill, offering an exciting opportunity to establish a distinctive business in an excellent location. The standout feature is the impressive HIGH CEILINGS, creating a spacious, uplifting atmosphere that brings an entirely different dimension to the customer experience. For operators envisioning an energetic fitness centre, boutique gym, dance academy or inspiring learning environment, this space deserves a closer look. Imagine group fitness classes, personal training, yoga, Pilates, martial arts, dance instruction, tutoring or educational programs, subject to zoning, landlord consent and required approvals. The generous floor area offers scope to explore training, teaching and activity zones tailored to your concept, subject to the existing layout and any necessary alterations. TEN ALLOCATED PARKING SPACES, together with visitor parking availability, add everyday convenience for members, students, instructors and guests. A compelling combination of size, ceiling height, parking and location for operators ready to grow their brand or introduce a fresh concept to Richmond Hill. Net Rent: $20.00/sq. ft./year. TMI: $12.00/sq. ft./year. Combined quoted rate: $32.00/sq. ft./year, plus HST, utilities and other applicable charges. Bring your vision, explore the possibilities and experience the impact of these high ceilings in person. BOOK YOUR PRIVATE SHOWING!

Property Details

Property TypeCommercial Retail
CommunityObservatory
Lot Dimensions200.19 × 615.63 ft
Dir/Cross StYONGE - WELDRICK
Garage TypeOutside/Surface
Heating TypeGas Forced Air Open
A/CYes
Taxes (2025)$80,000
SecurityNo
Listed Date9/6/2026
Days on Market15 days
PossessionTBA

Business Details

Property Sub-TypeCommercial Retail
Business TypeOther
Property UseRetail
Occupant TypeVacant
Hours of Operation24
FranchiseNo
Chattels IncludedYes
Financial StatementsNot Available
Showing RequirementsLockbox
Possession TypeImmediate
Listing Expires12/5/2026

Commercial Space & Financials

Retail Area4,305.5 Sq Ft

Industrial Specifications

Clear Height17'
Same-day showings available
5.0Rated 5 stars on Google ReviewsWhatsApp Us About This Listing

Property Insights

Listing Courtesy of: REMAX YOUR COMMUNITY REALTY

MLS® #N13749384

TRREBMLS®

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2026 Toronto Regional Real Estate Board. All rights reserved.

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About Richmond Hill Real Estate

This Commercial Retail is located in the Observatory community in Richmond Hill. Richmond Hill sits at the heart of York Region, offering a mix of estate homes, townhome communities, and new condo developments along Yonge Street. The city is well-served by the Richmond Hill GO line and Viva BRT. David Dunlap Observatory lands provide green space, while the Yonge/16th corridor is evolving into a vibrant urban centre.

Richmond Hill GO stationYonge Street corridor revitalizationHillcrest Mall & shopping districtsDavid Dunlap Observatory green space
~45 min commute to downtown TorontoWalkability: Moderate — best along Yonge Street corridor
View full Richmond Hill neighbourhood guide →