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For saleMLS® N13877428

198 King Road, Richmond Hill, ON L4E 2W1

Oak Ridges · L4E 2W1

$2,425,000

$234 / sq ft

4 weeks on market

Total area
10,366 sf
Lot
69.62 × 148.67 ft

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About this property

ATTENTION DEVELOPERS, INVESTORS, BUILDERS & BUSINESS OWNERS! Exceptional Investment & Redevelopment Opportunity in Prime Oak Ridges! Discover a rare opportunity to secure a prominent corner property in the heart of Oak Ridges, offering excellent visibility, strategic positioning, and potential access from both King Road and Hughes Avenue. Designated GC1 (General Commercial) Zoning, the property offers a wide range of permitted commercial uses, including medical and dental clinics, financial institutions, professional offices, veterinary clinics, pet stores, daycare facilities, personal service businesses, laundromats, health centers, photography studios, and more, subject to applicable zoning provisions and municipal approvals. The property currently features an existing bungalow with renovation potential, presenting an opportunity to generate rental or holding income while exploring future commercial development or redevelopment possibilities. A RARE COMBINATION OF LOCATION, EXPOSURE, COMMERCIAL ZONING & LONG-TERM INVESTMENT POTENTIAL! Ideal for developers, investors, entrepreneurs, professionals, and owner-users seeking to capitalize on a strategically located property in the growing Oak Ridges community. Invest Today. Generate Income. Unlock Tomorrow's Potential! Buyer and Buyer's Agent to independently verify zoning, permitted uses, access, redevelopment potential, and all applicable municipal requirements and approvals.

Property details

Property

Property type
retail
Interior size
10,366 sq ft
Lot size
69.62 × 148.67 ft
Zoning
GC1
Possession
Immediate

Interior

Heating
Baseboard
Cooling
No

Exterior & services

Garage
Other

Costs

List price
$2,425,000
Property taxes
$9,980 / year (2026)
Price per sq ft
$234

Listing

MLS® number
N13877428
Status
For sale
Listed
October 8, 2026
Days on market
28
Last updated
October 9, 2026
Listing brokerage
RIGHT AT HOME 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 above most comparable listings — about 89% of comparable retail listings in Richmond Hill are asking less.

$275KMedian $849K$2.58M
This home
$234 / 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 payment20.0% · minimum $485,000
$485,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$10,726.59
Property tax (est.)
$831.66
Estimated monthly
$11,558

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
$47,100
Total due on closing
$47,100

An estimate on the asking price of $2,425,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RIGHT AT HOME 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.

$2,425,000

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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.

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