120 - 372 Hwy 7
Richmond Hill, ON
- 505 sqft
- Commercial Retail
- 267 days on market
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!
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Listing Details
- Taxes (2025)
- $2,670
- Listed
- December 9, 2025
Price History
Listing history
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Parking
- Garage
- Outside/Surface
Location & Legal
- Cross Street
- Hwy 7 / Bayview
- Zoning
- COMMERCIAL Retail RR1
- Possession
- Other
- Occupancy
- Tenant
Commercial
- Business Type
- Retail Store Related
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
- $1,120,000
- Homes sold
- 1,992
- Median days on market
- 24
- Sale-to-list price
- 98.5%
Based on 1,992 recorded sales of commercial properties in Richmond Hill over the last 12 months.
Listed by
KW Living Realty
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 505 sq ft
- Price per sq ft
- $988.12
- Annual property tax
- $2,670
- Tax per sq ft
- $5.29
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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