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For saleMLS® N13526180

550 Highway 7 E 281-283, Richmond Hill, ON L4B 3Z4

Beaver Creek Business Park · L4B 3Z4

$1,299,900

$369 / sq ft

4 months on market

Total area
3,527 sf
0

What's special

  • Underground parking
  • Yes

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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

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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.

$275KMedian $849K$2.59M
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

Down payment8.1% · minimum $104,990
$104,990
Interest rate5-year fixed, illustrative only
4.49%
Amortization
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.

$1,299,900

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