198 King Road, Richmond Hill, ON L4E 2W1
Richmond Hill, ON L4E 2W1
Quick cost estimateKnown monthly subtotal$12,114.79 / monthLand transfer tax $44,975One-time estimate
Quick cost estimate
$12,114.79 / monthKnown monthly subtotal
- Mortgage principal & interest
- $11,283.14
- Property tax / month
- $831.66
- Maintenance / month
- Period / amount not reported
Assumes 20% down, 5% annual interest and 25-year amortization. Illustrative rate, not a current quote.
Unknown expenses excluded. Mortgage insurance and closing costs are excluded; add insurance and utilities in the assumptions.
Land transfer tax · one time
- Transfer tax total
- $44,975
Before rebates, surcharges and fees. Not part of the monthly subtotal.
Tax assumptions & breakdown
Toronto municipal land transfer tax does not apply to this listing outside the City of Toronto.
- Ontario tax
- $44,975
- Toronto municipal tax
- $0
Current purchase scenario, before rebates, foreign-buyer taxes and fees. Confirm residence classification. Not historical tax paid; excluded from the monthly subtotal.
Ontario rates · Toronto rates (April 2026)
Eligible first-time purchasers may qualify for an Ontario land transfer tax refund of up to $4,000. Toronto buyers may also qualify for a separate municipal rebate of up to $4,475. Eligibility varies and these maximums are not guaranteed savings. See official eligibility links and details.
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About this home
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.
Home details
- Days on market
- Not reported
- Property type
- Commercial Retail
- MLS® number
- N13877428
- Source status
- New
- Postal code
- L4E 2W1
- Building area (total)
- 10,366 sq ft
- Lot size
- 10,365.64 sq ft
- Lot depth
- 148.67 ft
- Garage parking spaces
- Not reported
- Total parking spaces
- Not reported
- Occupancy
- Vacant
- Possession type
- Immediate
- Garage
- Other
- Annual property tax
- 9979.89
- Heating system
- Baseboard
- Cooling
- No
- Utility services
- Available
- MLS entry age (not confirmed DOM)
- 31 days
These details come from the listing source. Please confirm measurements and fees before making a decision.
Utilities and services
- Reported utility services
- Available
- Heating system
- Baseboard
- Cooling
- No
A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.
Rooms & virtual tours
Loading source-reported room dimensions…
Converted measurements are approximate. Levels and dimensions are shown only when supplied.
Room-count details have not been supplied for this listing.
Ask the listing brokerage for floor plans and measured room layouts.
Listing dates & price record
- Asking amount
- $2,425,000
Original MLS entry
Entry into the source MLS system; distinct from days on market.
Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.
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Estimate monthly costs
Adjust the assumptions for your own scenario. Blank expenses are unknown; enter them for a fuller estimate.
Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.
Explore affordability & closing-cost tools →Map and neighbourhood
- Region / county
- YORK
- Municipality
- RICHMOND HILL
- MLS® community
- Oak Ridges
Plan a trip from this home
Check a route from this property to work, school or another destination. Google Maps provides the current estimate when opened; traffic and departure time affect results.
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Around this property
Schools, transit & everyday places
Published local sources. Distances are approximate straight-line distances, not walking routes.
Filter the records displayed below.
Nearby publicly funded schools
Within 5 km · approximate straight-line distances, not walking routes or attendance eligibility.
School year 2024-2025 · Preliminary · publisher extract 2026-09-14.
Académie de la Moraine ↗
Elementary · JK-6 · French · Public
13200 Yonge rue, Richmond Hill
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
No published percentages for these measures in this source record.
Oak Ridges Public School ↗
Elementary · JK-8 · English · Public
School board: York Region DSB ↗
160 Coons Rd, Richmond Hill
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 62%
- Grade 3 Writing (at provincial standard)
- 50%
- Grade 3 Mathematics (at provincial standard)
- 55%
- Grade 6 Reading (at provincial standard)
- 80%
- Grade 6 Writing (at provincial standard)
- 78%
- Grade 6 Mathematics (at provincial standard)
- 44%
Kettle Lakes Public School ↗
Elementary · JK-8 · English · Public
School board: York Region DSB ↗
62 Kingshill Rd, Richmond Hill
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 84%
- Grade 3 Writing (at provincial standard)
- 86%
- Grade 3 Mathematics (at provincial standard)
- 74%
- Grade 6 Reading (at provincial standard)
- 91%
- Grade 6 Writing (at provincial standard)
- 89%
- Grade 6 Mathematics (at provincial standard)
- 71%
Windham Ridge Public School ↗
Elementary · 1-8 · English · Public
School board: York Region DSB ↗
32 Red Cardinal Trail, Richmond Hill
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Mathematics (at provincial standard)
- 84%
- Grade 6 Reading (at provincial standard)
- 96%
- Grade 6 Writing (at provincial standard)
- 96%
- Grade 6 Mathematics (at provincial standard)
- 77%
Our Lady of the Annunciation Catholic Elementary School ↗
Elementary · JK-8 · English · Catholic
30 Bayswater Ave, Richmond Hill
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 70%
- Grade 3 Writing (at provincial standard)
- 63%
- Grade 3 Mathematics (at provincial standard)
- 52%
- Grade 6 Reading (at provincial standard)
- 78%
- Grade 6 Writing (at provincial standard)
- 83%
- Grade 6 Mathematics (at provincial standard)
- 44%
Father Frederick McGinn Catholic Elementary School ↗
Elementary · JK-8 · English · Catholic
61 Brockdale St, Richmond Hill
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 83%
- Grade 3 Writing (at provincial standard)
- 83%
- Grade 3 Mathematics (at provincial standard)
- 71%
- Grade 6 Reading (at provincial standard)
- 90%
- Grade 6 Writing (at provincial standard)
- 88%
- Grade 6 Mathematics (at provincial standard)
- 63%
Our Lady of Hope Catholic Elementary School ↗
Elementary · JK-8 · English · Catholic
80 Red Cardinal Trail, Richmond Hill
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 88%
- Grade 3 Writing (at provincial standard)
- 82%
- Grade 3 Mathematics (at provincial standard)
- 65%
- Grade 6 Reading (at provincial standard)
- 97%
- Grade 6 Writing (at provincial standard)
- 100%
- Grade 6 Mathematics (at provincial standard)
- 74%
Bond Lake Public School ↗
Elementary · JK-8 · English · Public
School board: York Region DSB ↗
245 Old Colony Road, Richmond Hill
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 94%
- Grade 3 Writing (at provincial standard)
- 94%
- Grade 3 Mathematics (at provincial standard)
- 86%
- Grade 6 Reading (at provincial standard)
- 98%
- Grade 6 Writing (at provincial standard)
- 94%
- Grade 6 Mathematics (at provincial standard)
- 70%
Confirm programs and attendance with the school board. Private schools and verified catchment boundaries are not included. Contains information licensed under the Open Government Licence – Ontario. Ministry source.
Filter the records displayed below.
Transit near this property
No current nearby stops were returned by the installed TTC, GO Transit and UP Express datasets. Coverage and service dates vary; distances and travel times are not inferred.
Filter the records displayed below.
Nearby amenities
Mapped places within 2.0 km. Distances are straight-line estimates to map points or area centres.
Groceries
- MadaniMapped area centre639 m
- 681 m
- Oak Ridges Food MarketMapped area centre701 m
Pharmacies
- 188 m
- 592 m
- 640 m
Parks
- Oak Ridges MeadowsMapped area centre238 m
- Parker ParkMapped area centre517 m
- Mitchell Pond ParkMapped area centre633 m
Fitness centres
- 1.2 km
- Movati AthleticMapped area centre1.8 km
Libraries
- Richmond Hill Public Library - Oak Ridges BranchMapped area centre1.0 km
Cafés
- StarbucksMapped area centre754 m
- Tim HortonsMapped area centre1.2 km
- 1.6 km
Restaurants
- 181 m
- 228 m
- 481 m
Clinics
- 216 m
- 787 m
- 802 m
Childcare
- 123 m
- 558 m
- 1.3 km
© OpenStreetMap contributors · ODbL · Download this open dataset
Coverage & map information
Map snapshot: 2026-11-02T15:25:06Z. This is a rectangular GTA-area extract with partial regional coverage. Data may be incomplete near its edges. Places and categories are community mapped; opening status, entrances and service availability are not verified. Matching point/area entries with the same name within 25 metres are paired for display using the point location; the downloadable dataset retains every original map record. Other duplicates may remain. No walking routes, travel times or walking score are inferred.
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Similar homes for sale in Oak Ridges, Richmond Hill, York, Ontario
Current public IDX listings in the same city and transaction type. These are alternatives to explore, not sold comparables or an appraisal.
Property questions
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Measurements, lot details and features are displayed as reported by the listing source or a named public dataset. Missing facts are not inferred. Confirm material details with the listing brokerage.
What do nearby school, transit and shop results mean?
They are nearby records from the displayed source datasets. Distances are approximate straight-line distances; school catchment eligibility, ratings, walking routes, hours and live transit service are not inferred.
Can I see sold prices for nearby properties?
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How should I use the monthly cost estimate?
It is a planning estimate based on the visible assumptions and reported property figures. It is not a lender quote, tax assessment, legal opinion or mortgage approval.
Home and neighbourhood overview
198 King Road, Richmond Hill, ON L4E 2W1, Richmond Hill is listed for sale as a Commercial Retail. The listing reports lot size reported as 10,365.64 sq ft. Asking price: $2,425,000. Occupancy is reported as Vacant. Review the Home details, room measurements and utility sections below to compare reported specifications; confirm important details with the listing brokerage. MLS® N13877428.
The Ministry’s school dataset lists Académie de la Moraine approximately 822 m from the property’s mapped location. OpenStreetMap shows nearby mapped places including Oak Ridges Meadows (238 m) and Madani (639 m).
Local context
The Ministry’s school dataset lists Académie de la Moraine approximately 822 m from the property’s mapped location.
OpenStreetMap shows nearby mapped places including Oak Ridges Meadows (238 m) and Madani (639 m).
Sources & distance notes
Distances are approximate straight-line estimates to mapped points or area centres. School proximity does not establish attendance eligibility.
© OpenStreetMap contributors · ODbL
Explore the area: York · Oak Ridges.
This overview uses facts reported by the listing and named local sources. Please confirm details with the listing brokerage.
Listing brokerage: RIGHT AT HOME REALTY. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® N13877428. Information deemed reliable but not guaranteed.