Tej Thakor Broker of Record / Owner 647-684-1731
For Sale
MLS®# N12889608

10610 Bayview Avenue Unit 10, Richmond Hill, ON L4C 3N8

Richmond Hill, ON L4C 3N8

$199,900 Est. $849/mo · 20% down, 25-yr, 4.09%
16 × 65 ftLot
Sale Of BusinessType

About this property

30+ Years of Continuous Operations - This hair salon has been serving the Richmond Hill community at the same high-traffic Bayview Avenue location for over 30 years, with the current owner successfully at the helm for the last 15 years. The seller is now retiring, offering a rare opportunity to acquire a deeply established, turnkey operation. Why This Business Stands Out: Legacy & Clientele: Multi-decade presence in the plaza has cultivated an extremely loyal, consistent, and daily busy customer base. You are acquiring a proven reputation and immediate cash flow. True Turnkey Operation: Walk in and take over Day 1. Supported by a couple of reliable, long-term employees, allowing for smooth operation even with minimal initial salon involvement from the new owner. Systems are in place. Massive Expansion Potential (The Basement): The unit features approximately 1,055 sq. ft. of main floor space PLUS additional basement space. This is a significant value-add opportunity: Sublet the basement to a complementary health/beauty business (esthetics, lashes, spa, skincare) to generate immediate additional monthly rental income. Expand service offerings into the basement to create a full-service "Salon & Spa" destination, increasing overall sales without relocating. FINANCIAL & OPERATIONAL: Profitable Operations: A consistently busy salon with verified financials available to qualified buyers upon signing a Confidentiality Agreement. Lease in Place: Current lease extension runs to May 31, 2028, with a clause for one further 5-year renewal option (Fair Market Value rent upon renewal). Equipment and Inventory onsite are all included. List will be provided with firmed offer. 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.DO NOT go direct & DO NOT speak to employees.

Property Summary

Property TypeSale Of Business
Community NameCrosby
Land Size16 x 65 ft
Annual Property Taxes$6.00
Tax Year2025
Parking TypeNone Garage

Building details

Bathrooms / washrooms0
Property typeSale Of Business

Lot & land

Lot dimensions16 × 65 ft
Lot frontage16 ft
Lot depth65 ft

Interior Features

InclusionsDISCLOSURES & CONDITIONS: - This is an asset sale (business assets, goodwill, and lease assignment). No shares are being transferred. - All financial representations are based on seller-provided information. The sale is conditional upon Landlord consent to lease assignment. Seller will assist. - HST applicable to the sale price (if any is in addition to the purchase price unless otherwise negotiated. SHOWING REQUIREMENTS: Strictly by appointment through showing systems. All interested buyers must sign a Confidentiality/Non-Disclosure Agreement first, before the co-operative agent to book a showing. All the showing need to be approved in 48 hours in advanced.

Building Features

StyleSale Of Business

Heating & Cooling

CoolingYes
Heating TypeGas Forced Air Closed

Utilities

WaterWater System

Parking

Parking TypeNone Garage

Taxes & fees

Annual taxes$6 (2025)

Listing history

On market sinceMar 11, 2026
Listed by BAY STREET GROUP INC., Brokerage · Listing data sourced from TRREB®, refreshed nightly.
Run your own mortgage numbers Open the full calculator — adjust down payment, term, and rate. Email yourself the estimate.
Open calculator →
The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.
Call Tej Now 647-684-1731