Prime ground floor retail unit at the sought after Royal Gardens community! Spacious 505 sq.ft. w/exceptional street exposure on one of Richmond Hill's busiest corridors, surrounded by high density residential customer base. Ample surface parking right at the front door & one private underground parking space included. Currently leased to high-end fashion showroom, lease can be assumed at attractive 5% cap rate or seller can buyout the lease, perfect for investors seeking stable cash flow or business operators. Ideal location w/ high pedestrian & vehicle traffic, unbeatable access to YRT, GO Transit, Hwy 401, and Hwy 404. Rare opportunity to own a premium commercial unit in a thriving mixed-use community!
372 Hwy 7 N/A 120
Doncrest, Richmond Hill, York $488,000Make an offer
Outside/Surface
Garage
Zoning: COMMERCIAL Retail RR1
- MLS®#:
- N12913612
- Property Type:
- Commercial Retail
- Property Style:
- Area:
- York
- Community:
- Doncrest
- Taxes:
- $2,670 / 2025
- Added:
- March 24 2026
- Lot Frontage:
- 0
- Lot Depth:
- 0
- Status:
- Active
- Outside:
- Year Built:
- Brokerage:
- KW Living Realty
- Intersection:
- Hwy 7 / Bayview
- Rooms:
- Bedrooms:
- Bathrooms:
- Fireplace:
- Utilities
- Water:
- Municipal
- Cooling:
- Yes
- Heating Type:
- Gas Forced Air Open
- Heating Fuel:
Listing Details
Insights
- Prime Location: Situated in the bustling Royal Gardens community, this retail unit benefits from exceptional street exposure and high pedestrian and vehicle traffic, making it ideal for attracting customers.
- Attractive Investment Opportunity: Currently leased to a high-end fashion showroom with a 5% cap rate, this property offers stable cash flow for investors, with the option to assume the lease or have it bought out.
- Convenient Accessibility: The property includes ample surface parking and a private underground parking space, along with easy access to public transit options like YRT and GO Transit, as well as major highways (Hwy 401 and Hwy 404).
Neighborhood Overview
Complete neighborhood profile for 372 Hwy 7 N/A 120
Doncrest home prices
Average sold price for Detached, Semi-Detached, Condo, Townhomes in Doncrest
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)
