120 - 372 Hwy 7
Richmond Hill, ON
505 sqft • Commercial Retail • 151 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
- March 24, 2026
Price History
Listing history
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Location & Legal
- Cross Street
- Hwy 7 / Bayview
- Zoning
- COMMERCIAL Retail RR1
- Parcel Number
- 297850049
- Possession
- Other
Commercial
- Business Type
- Retail Store Related
- Occupancy
- Tenant
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
- $1,128,750
- Homes sold
- 1,994
- Median days on market
- 24
- Sale-to-list price
- 98.6%
Based on 1,994 recorded sales of commercial properties in Richmond Hill over the last 12 months.
Listed by
KW Living Realty
Location
Commercial figures
- Building area
- 505 sq ft
- Price per sq ft
- $966.34
- 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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