Salehian.com 647-325-5000

198 King Road

Oak Ridges, Richmond Hill, L4E 2W1

$2,425,000

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Listed 12 days ago · MLS® N13877428

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.

Details

Type
Commercial Retail
Lot
69.62 × 148.67 ft
Garage
Other
Property tax
$9,980 (2026)
Neighbourhood
Oak Ridges
Municipality
Richmond Hill

Heating, cooling and services

Heating
Baseboard
Utilities
Available

Building and exterior

Building area
10,366 Square Feet

More

Possession
Immediate
Cross street
King Road And Yonge Street

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

  • 🚆 Gormley5.1 km

Within a 10-minute walk: 6 grocery stores, 13 cafés and restaurants, 5 parks, 3 pharmacies. Nearest grocery: Madani (650 m). Nearest park: Oak Ridges Meadows (250 m).

Schools nearby

Elementary

  • Oak Ridges Public School
    EQAO: Gr 6 reading 80%, math 44%    17 min walk
  • Kettle Lakes Public School
    EQAO: Gr 6 reading 91%, math 71%    1.3 km
  • Windham Ridge Public School1.4 km
  • Father Frederick McGinn Catholic Elementary School Catholic
    EQAO: Gr 6 reading 90%, math 63%    1.5 km

Secondary

  • Dr. Bette Stephenson Centre for Learning16 min walk
  • Cardinal Carter Catholic Secondary School Catholic
    EQAO: Gr 9 math 69%, literacy test 93%    2.2 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L4E

Owners / renters
87% / 13%
Median household income
$127,000
Average age
38
Children under 15
19%
Homes
72% detached, 1% high-rise
Commute by transit
5%
Population
54,606

Languages spoken most at home besides English: Mandarin 10.6%, Iranian Persian 6.3%, Yue (Cantonese) 5.6%, Russian 3.2%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for York Region police: 50 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To Union Station (downtown Toronto): 34 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RIGHT AT HOME REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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