550 Highway 7 Avenue E 91D

Beaver Creek Business Park, Richmond Hill, L4B 3Z4

$888,000

Reduced $50,000 from $938,000

Listed 123 days ago · MLS® N13468498

About this home

Prime Investment Opportunity in the heart of Richmond Hill's bustling Times Square! This highly sought-after 976 sq. ft. ground-floor retail unit offers exceptional business exposure in a high-traffic outdoor mall. Strategically located just minutes from Hwy 404 and Hwy 407, the property features ample surface and underground parking and is anchored by major banks, popular restaurants, and established retail neighbors. The unit is currently tenanted on an open lease term, providing the ultimate flexibility to generate immediate rental income or transition to an owner-user. Don't miss this rare chance to own premium commercial real estate in a thriving transit corridor!

Details

Type: Commercial Retail
Garage: Plaza
Property tax: $7,511 (2026)
Neighbourhood: Beaver Creek Business Park
Municipality: Richmond Hill

Heating, cooling and services

Heating: Gas Forced Air Open
Air conditioning: Yes
Utilities: Yes

Building and exterior

Building area: 976 Square Feet

Possession: 30-59 days
Cross street: Leslie/Highway 7

Listed by PROMPTON REAL ESTATE SERVICES CORP..

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

Estimated monthly cost

Mortgage: $3,889
Property tax: $626
Total: $4,514

$177,600 down, 25-year amortization at 4.39%.

Cash needed to buy

Down payment: $177,600
Land transfer tax: $14,235
Legal and other costs: ~$2,500
Total: $194,335

First-time buyers can get up to $8,475 of land transfer tax back. All closing costs

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Or call 647-325-5000

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