372 Highway 7 120, Richmond Hill, ON L4B 0C6
Richmond Hill, ON L4B 0C6
Quick cost estimateKnown monthly subtotal$2,454.85 / monthLand transfer tax $6,035One-time estimate
Quick cost estimate
$2,454.85 / monthKnown monthly subtotal
- Mortgage principal & interest
- $2,224.06
- Property tax / month
- $230.79
- 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
- $6,035
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
- $6,035
- 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
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.
Home details
- Days on market
- Not reported
- Property type
- Commercial Retail
- MLS® number
- N13802088
- Source status
- New
- Postal code
- L4B 0C6
- Building area (total)
- 507 sq ft
- Garage parking spaces
- Not reported
- Total parking spaces
- Not reported
- Occupancy
- Owner
- Possession type
- Flexible
- Garage
- None
- Annual property tax
- 2769.51
- Heating system
- Other
- Cooling
- Yes
- Utility services
- Available
- MLS entry age (not confirmed DOM)
- 49 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
- Other
- Cooling
- Yes
A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.
Rooms & virtual tours
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Room-count details have not been supplied for this listing.
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Listing dates & price record
- Asking amount
- $478,000
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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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.
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- Region / county
- YORK
- Municipality
- RICHMOND HILL
- MLS® community
- Doncrest
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Around this property
Schools, transit & everyday places
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Nearby schools
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Transit near this property
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Nearby shops & amenities
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Similar homes for sale in Richmond Hill
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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Home and neighbourhood overview
372 Highway 7 120, Richmond Hill, ON L4B 0C6, Richmond Hill is listed for sale as a Commercial Retail. Asking price: $478,000. Occupancy is reported as Owner. MLS® N13802088.
Local context
Explore the area: Richmond Hill · Doncrest.
This overview uses facts reported by the listing and named local sources. Please confirm details with the listing brokerage.
Listing brokerage: ROYAL LEPAGE SIGNATURE REALTY. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® N13802088. Information deemed reliable but not guaranteed.