Home ›Listings ›Richmond Hill ›N12913612

372 Hwy 7 N/A Richmond Hill ON

📍 Richmond Hill, Ontario L4B 0C6

$488,000

Active

📋 Listing Highlights

StatusActive
MLS®N12913612
ListedMar 24, 2026
Days on Market—
Property TypeCommercial
StyleCommercial Retail
Cross StreetHwy 7 / Bayview
PossessionTBD
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📝 Listing Description

Prime ground floor retail unit at the sought after Royal Gardens community! Spacious 505 sq.ft. w/exceptional street exposure on one of Richmond Hill's busiest corridors, surrounded by high density residential customer base. Ample surface parking right at the front door & one private underground parking space included. Currently leased to high-end fashion showroom, lease can be assumed at attractive 5% cap rate or seller can buyout the lease, perfect for investors seeking stable cash flow or business operators. Ideal location w/ high pedestrian & vehicle traffic, unbeatable access to YRT, GO Transit, Hwy 401, and Hwy 404. Rare opportunity to own a premium commercial unit in a thriving mixed-use community!

🏠 Property Details

Property TypeCommercial
StyleCommercial Retail

🔧 Building & Utilities

HeatingGas Forced Air Open
CoolingYes
GarageOutside/Surface

💰 Financial

List Price$488,000
Annual Taxes$2,670 (2025)
PossessionTBD

🧮 Mortgage Calculator

$97,600
Est. Monthly Payment
$2,397/mo
Principal: $390,400 · P+I only
Does not include taxes, insurance or CMHC
Listing provided by KW Living RealtyData via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #N12913612 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.