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For saleMLS® N13527594

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

Beaver Creek Business Park · L4B 3Z4

$199,900

$57 / sq ft

4 months on market

Bathrooms
4
Total area
3,527 sf
0

What's special

  • Underground parking
  • Yes

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About this property

Exceptional turnkey business opportunity located at the highly trafficked 550 Highway 7 E, one of Richmond Hill's most prominent mixed-use commercial addresses. Situated on the second floor, this beautifully built-out café and lounge spans approximately 3,527 sq ft and is fully equipped and operational - The space features a fully built-out commercial kitchen, stylish dining and lounge areas, and an inviting atmosphere that has established a loyal customer base. Ideal for an experienced restaurateur, entrepreneur, or investor looking to acquire a proven concept in a high-density, high-visibility location surrounded by residential, office, and retail traffic. The Highway 7 corridor continues to experience significant growth and development, making this an outstanding location for long-term business success. Ample parking available on site and excellent transit access make this destination easily accessible for both customers and staff.

Property details

Property

Property type
business
Bathrooms
4
Interior size
3,527 sq ft
Zoning
Commercial
Possession
Flexbile

Interior

Heating
Gas Forced Air Open
Cooling
Yes

Exterior & services

Garage
Underground

Costs

List price
$199,900
Property taxes
$6 / year (2026)
Price per sq ft
$57

Listing

MLS® number
N13527594
Status
For sale
Listed
July 6, 2026
Days on market
122
Last updated
August 7, 2026
Listing brokerage
PREMIER GROUP REALTY INC.

Price & sale history

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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 63% of comparable business for sale listings in Beaver Creek Business Park are asking less.

$21KMedian $110K$477K

Based on 8 comparable active business for sale listings in Beaver Creek Business Park. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $9,995
$9,995
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$1,050.02
Property tax (est.)
$0.52
Estimated monthly
$1,051

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
$1,724
Total due on closing
$1,724

An estimate on the asking price of $199,900. 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.

$199,900

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Comparable sales nearby

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