127&128 - 372 Highway 7
Richmond Hill, ON
595 sqft • Commercial Retail • 325 days on market
Newly leased with a strong cap rate, this prime two-unit commercial property offers an outstanding turnkey investment in the high-demand Markham/Richmond Hill corridor. Ideally located on busy Highway 7 between Bayview and Leslie, this versatile 600 sq.ft. space supports a wide range of retail and service uses, ensuring consistent leasing demand. With ample ground-level parking in front and two exclusive underground spots, accessibility is a major plus. A rare opportunity to own a fully tenanted, income-generating asset in one of the GTAs fastest-growing commercial hubs. *Photos were taken prior to current tenant occupancy.
Listing Details
- Taxes (2024)
- $6,222
- Listed
- October 6, 2025
Price History
Property
- Lot Size
- 229.71 x 476.23 Feet
Location & Legal
- Cross Street
- Highway 7 & Leslie
- Zoning
- RR1
- Parcel Number
- 297850056
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Included
- Exclusions
- All chattels and decorations are not included in the sale.
Community
Postal area L4B
- Population
- 36,080
- Private dwellings
- 13,301
- Median age
- 45.6
- Average household size
- 2.8
- Median household income
- $97,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Richmond Hill · last 12 months
- Median sold price
- $1,125,000
- Homes sold
- 1,977
- Median days on market
- 24
- Sale-to-list price
- 98.6%
Based on 1,977 recorded sales of commercial properties in Richmond Hill over the last 12 months.
Listed by
SMART SOLD REALTY
Commercial figures
- Building area
- 595 sq ft
- Price per sq ft
- $924.37
- Annual property tax
- $6,222
- Tax per sq ft
- $10.46
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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