550 Highway 7 E 281-283, Richmond Hill, ON L4B 3Z4
Beaver Creek Business Park · L4B 3Z4
$1,299,900
$369 / sq ft4 months on market
- Total area
- 3,527 sf
What's special
- Underground parking
- Yes
About this property
Prime second-floor commercial space available at one of Richmond Hill's most prominent mixed-use addresses along the Highway 7 corridor. This 3,527 sq ft unit is currently built out as a restaurant and café, featuring an existing commercial kitchen infrastructure, dining area, and customer-facing layout - offering significant savings on leasehold improvements for food and beverage operators looking to hit the ground running. The space is currently tenanted with vacant possession available, providing flexibility for incoming occupants to take over a fully operational setup or reimagine the footprint for their concept. Situated within a high-traffic, established retail and commercial node, 550 Highway 7 E benefits from exceptional visibility, strong daytime and evening foot traffic, and a dense surrounding residential and professional population. The building is easily accessible by transit and offers ample surface and structured parking for customers and staff.
Property details
Property
- Property type
- retail
- Interior size
- 3,527 sq ft
- Zoning
- Commercial
- Possession
- Flexible
Interior
- Heating
- Other
- Cooling
- Yes
Exterior & services
- Garage
- Underground
Costs
- List price
- $1,299,900
- Property taxes
- $22,000 / year (2026)
- Price per sq ft
- $369
Listing
- MLS® number
- N13526180
- Status
- For sale
- Listed
- July 6, 2026
- Days on market
- 122
- Last updated
- August 12, 2026
- Listing brokerage
- PREMIER GROUP REALTY INC.
Price & sale history
This property's sale history is hidden
TRREB rules require a free account before sold and leased prices can be shown. One registration unlocks full sale history across the site.
Unlock sale history & sold priceFree. Takes about twenty seconds.
Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced in line with comparable listings — about 73% of comparable retail listings in Richmond Hill are asking less.
- This home
- $369 / sq ft
- Comparable median
- $900 / sq ft
Based on 55 comparable active retail listings in Richmond Hill. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $6,606.86
- Property tax (est.)
- $1,833.33
- Estimated monthly
- $8,440
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $22,473
- Total due on closing
- $22,473
An estimate on the asking price of $1,299,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of PREMIER GROUP REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
Unlock nearby sold pricesFree. Takes about twenty seconds.