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For saleMLS® N13802088

372 Highway 7 120, Richmond Hill, ON L4B 0C6

Doncrest · L4B 0C6

$478,000

$943 / sq ft

1 months on market

Total area
507 sf
0

What's special

  • Yes

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About this property

Prime ground-floor commercial opportunity at Shops at Royal Gardens, strategically positioned on Highway 7 E in Richmond Hill. This approximately 505 sq. ft. retail/commercial unit offers exceptional street-level exposure in a high-traffic location surrounded by established residential condominiums, retail, restaurants and everyday amenities.The versatile space presents an excellent opportunity for an owner-operator, entrepreneur or investor looking to establish a retail, professional service, personal service or other permitted commercial business. Potential concepts may include boutique retail, beauty or salon services, studio, professional office and other service-oriented businesses, subject to zoning, condominium declaration, licensing and all applicable municipal approvals.Enjoy convenient surface parking directly in front of the unit, plus one private underground parking space. The unit offers excellent visibility and accessibility for both customers and operators, with a strong residential customer base immediately surrounding the property.Ideally located near Bayview Avenue with quick access to Highway 404 and Highway 407, and with Viva/YRT transit conveniently accessible along Highway 7. Surrounded by established residential communities, shops, banks, restaurants and other amenities, this location offers outstanding convenience and exposure.A rare opportunity to own a highly visible ground-floor commercial unit in one of Richmond Hill's established mixed-use communities. Bring your business vision and explore the possibilities at Royal Gardens.

Property details

Property

Property type
retail
Interior size
507 sq ft
Zoning
RR1
Possession
TBA

Interior

Heating
Other
Cooling
Yes

Costs

List price
$478,000
Property taxes
$2,770 / year (2026)
Price per sq ft
$943

Listing

MLS® number
N13802088
Status
For sale
Listed
September 18, 2026
Days on market
48
Last updated
October 9, 2026
Listing brokerage
ROYAL LEPAGE SIGNATURE REALTY

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 below most comparable listings — about 22% of comparable retail listings in Richmond Hill are asking less.

$275KMedian $850K$2.59M
This home
$943 / sq ft
Comparable median
$831 / sq ft

Based on 55 comparable active retail listings in Richmond Hill. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $23,900
$23,900
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$2,510.80
Property tax (est.)
$230.79
Estimated monthly
$2,742

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
$6,035
Total due on closing
$6,035

An estimate on the asking price of $478,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. 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.

$478,000

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