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$39,900,000
For Sale
13042 Yonge Street, Richmond Hill, ON L4E 1A3
Richmond Hill, ON L4E 1A3
Property Sub Type
Investment
Property Type
Commercial
Property Use
Apartment
13042 Yonge Street Picasso Place is located in the heart of Oak Ridges, a well-established and growing community in Richmond Hill known for its family-friendly atmosphere, excellent amenities, and proximity to nature. The area offers a rare balance of suburban charm and urban accessibility, making it highly desirable for both residents and investors. Positioned directly on Yonge Street, one of the GTAs busiest and most prominent thoroughfares, the property benefits from outstanding visibility and connectivity. Residents have access to York Region Transit bus routes and nearby GO Transit, providing convenient connections throughout Richmond Hill and to downtown Toronto. The area is supported by strong demographics, with high household incomes and strong consumer spending power, contributing to a stable and thriving community. This provides a solid foundation for long-term tenant demand and investment security. The building features 64 residential suites, including 47 one- bedroom units, 15 two-bedrooms, and 2 two-bedroom units with oversized terraces. Amenities include high ceilings, lockers on each floor, bike racks, a full gym, and a rooftop green deck designed for resident enjoyment. Nearby, residents can explore the natural beauty of Lake Wilcox or take advantage of the 56,000 SF Oak Ridges Community Centre, which features a pool, water slide, fitness facilities, and programming for all ages. The property is equipped with SmartOne technology, giving residents access to cameras, alarm settings, thermostat control, and visitor access via in-suite wall pads. Bell Fibre optic Internet is also integrated through SmartOne. Currently self-managed, tenants are carefully qualified, ensuring a well-maintained and secure environment. Picasso Place presents an exceptional opportunity in one of Richmond Hills most sought-after locations.
