For rent 7$15,606/mo est.
$25/sq ft/yr base rent. Taxes, maintenance and insurance are extra.
53 Observatory Lane
Observatory, Richmond Hill, Ontario L4C8K9
For rent· Added
About this property
RARE TURNKEY RESTAURANT, LOUNGE & PREMIER EVENT VENUE IN THE HEART OF DOWNTOWN RICHMOND HILL! This is far more than a restaurant space-it is a show-stopping hospitality and entertainment destination designed to host unforgettable experiences. Offering approx. 5,700 sq. ft. of restaurant, lounge and event space, plus approx. 680 sq. ft. of private office area, this exceptional venue features a dramatic dance floor, full bar, professional-quality sound and music infrastructure, two large-screen TVs, extensive seating capacity and a fully equipped commercial kitchen. An outstanding opportunity for weddings, engagement parties, corporate functions, birthdays, cultural celebrations, live entertainment, ticketed programs, private venue rentals, upscale dining and nightlife concepts. Approx. 40 parking spaces are currently allocated to the premises, with the potential to accommodate up to approx. 100 vehicles, subject to availability, landlord approval and applicable arrangements-an extraordinary advantage for event-focused operators. The existing layout and infrastructure may significantly reduce the time and capital normally required to build a venue of this scale. Furniture, fixtures, kitchen/bar equipment, sound and music systems, TVs, tables, chairs and other business assets may be available through a separate agreement with the current business owner and are not included in the base rent. Existing liquor-licence and hookah-related approvals are subject to independent verification, transferability and regulatory approval. Net Rent: $25/Sq. Ft.; TMI: Approx. $12/Sq. Ft., plus HST, utilities and applicable charges. A space of this scale, energy and event capability is rarely offered in Richmond Hill. Photos cannot capture its atmosphere-book a private showing and experience the possibilities in person!
Location
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Property details
Listing
- MLS® number
- N13749360
- Added
- Sep 5, 2026 ()
- Updated
- Sep 15, 2026 ()
- Info refreshed
Overview
- Property type
- Retail
Inside
- Bathrooms
- 6
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Fireplace
- No
Building
- Parking
- 40 spaces
Land
- Frontage
- 200.2 ft
- Lot area
- 7491 acres
- Zoning
- R-IND Depth
Services
- Water
- Municipal water
Location
- Directions
- Yonge - Weldrick
Running costs
- Annual property tax (2025)
- $80,000
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