53 Observatory Lane, Richmond Hill, ON L4C 8K9
Observatory, Richmond Hill · Near YONGE - WELDRICK · View map
About this home
VEHICLE STORAGE & DEALERSHIP OVERFLOW PARKING OPPORTUNITY - CENTRAL RICHMOND HILL! Keep your inventory close and your business moving. Available for lease separately from the building, this approximately 60 ft. x 200 ft. rear yard offers approximately 12,000 sq. ft. of outdoor space in the heart of Richmond Hill. An appealing opportunity for automotive dealerships, vehicle importers, wholesalers and fleet operators seeking a conveniently located base for vehicle storage and overflow parking, subject to permitted use and required approvals. Free up valuable space at your primary location while keeping additional inventory within convenient reach. Consider the possibilities for dealership stock, imported vehicles awaiting their next destination, seasonal inventory or fleet parking. The central location offers a practical alternative for operators seeking storage closer to their local business operations. The rectangular yard provides scope for an organized parking layout, with actual vehicle capacity dependent on access aisles, circulation, setbacks and an approved site layout. This offering is for the designated rear-yard area only; indoor premises are not included. Proposed automotive storage and parking uses are subject to zoning verification, landlord approval and any required municipal approvals. Vehicle transporter access and loading arrangements must be confirmed for the intended operation. LOOKING FOR DEALERSHIP OVERFLOW PARKING, CAR STORAGE OR AUTOMOTIVE INVENTORY SPACE? Arrange a site visit and explore how this centrally located yard could support your business.
The home
- Type
- Land
- Square footage
- 7491 sq ft
- Lot size
- 200.2 x 615.6 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $80,000/yr
- Tax year
- 2025
- Occupancy
- Vacant
- Possession
- TBA
- Cross street
- YONGE - WELDRICK
- Neighbourhood
- Observatory
More
- MLS® number
- N13748802
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
53 Observatory Lane, Richmond Hill, ON L4C 8K9
Observatory, Richmond Hill · Near YONGE - WELDRICK
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Listing history for 53 Observatory Lane
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 53 Observatory Lane
Answers come straight from this home’s MLS® listing.
How much is 53 Observatory Lane listed for, and what would it cost each month?
53 Observatory Lane is listed for $10,000. With 20% down ($2,000), the mortgage payment would be roughly $40 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $6,707 a month, all in. That figure is an illustration, not a quote.
Is 53 Observatory Lane freehold or a condo, and is there a monthly fee?
53 Observatory Lane is a land in Observatory, Richmond Hill. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 53 Observatory Lane have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 53 Observatory Lane?
53 Observatory Lane is a land. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 53 Observatory Lane, and what is the lot size?
The lot is listed as 200.2 x 615.6 ft.
What are the property taxes for 53 Observatory Lane?
Property taxes are $80,000 a year (2025), or about $6,667 a month.
Where is 53 Observatory Lane?
53 Observatory Lane is in the Observatory community of Richmond Hill. The nearest main intersection is YONGE - WELDRICK. The postal code is L4C 8K9.
Is 53 Observatory Lane still for sale?
Yes. It is an active listing (MLS® N13748802). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 53 Observatory Lane asking?
Similar properties for sale nearby right now include 211 Hillsview Drive at $7,100 (5 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 53 Observatory Lane sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 53 Observatory Lane?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
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Courtesy of: REMAX YOUR COMMUNITY REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.