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6 Bath Commercial Property in Richmond Hill
About 53 Observatory Lane
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!
Richmond Hill retail for rent at $25/sq ft/year — book a tour to see if it fits your search.
Inside 53 Observatory Lane
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
53 Observatory Lane Price & Lease History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For rentListedThis listingMLS® N13749360$25
Sourced from MLS®. Includes earlier listings of this property on record.
The local market
How 53 Observatory Lane Compares to the Richmond Hill Market
The local market around this rental, and what you need to apply.
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How long is your commute?
From 53 Observatory Lane. Typical times without traffic delays; transit times aren't available yet.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. 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 Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
53 Observatory Lane is listed for rent at $25 per sq ft per year (MLS® N13749360). Summitly updates the rent as soon as the MLS® record changes.
How many bedrooms and bathrooms does 53 Observatory Lane have?
53 Observatory Lane has 6 bathrooms. It is a commercial property in Richmond Hill.
Is 53 Observatory Lane close to transit?
The nearest rapid-transit station is Richmond Hill GO Station (Richmond Hill GO), about 1.8 km (about a 22-minute walk) in a straight line. Langstaff GO Station is about 2.3 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
Has 53 Observatory Lane been sold before?
Summitly has no earlier MLS® sale or lease of 53 Observatory Lane on record from the last two years. Older records aren't shown under TRREB rules.
Where is 53 Observatory Lane?
53 Observatory Lane is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 53 Observatory Lane been on the market?
49 days — 53 Observatory Lane was listed on September 3, 2026.
How do I book a viewing of 53 Observatory Lane or apply to rent it?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage, then helps you put together your rental application.
What is the property tax for 53 Observatory Lane?
The listing for 53 Observatory Lane doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Richmond Hill.
When was 53 Observatory Lane built?
The listing for 53 Observatory Lane doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
