Skip to main content
For Sale

372 Hwy 7 N/A 120 #120

Doncrest, Richmond Hill, ON
$488,000
0Bd
0Ba
sqft
CommercialMLS# N12913612Listed 2026-03-2428 DOM

About this home

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!

Features

  • Yes

Financials

Annual Taxes
$2,670

Estimated Rental Income

Entire property$2,500 – $8,000/mo
Rental yield6.1% – 19.7%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Richmond Hill

Days on market28 days
Buyer's MarketSeller's Market

Based on active listings in Richmond Hill. Data updates daily.

Demographics — Richmond Hill

Population
202,022
Avg Household Income
$115,000
Age Distribution
0-19
20%
20-34
17%
35-49
22%
50-64
22%
65+
19%
Ownership
81% own · 19% rent
EnglishMandarinCantoneseFarsiRussian

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$488,000
372 Hwy 7 N/A 120, Richmond Hill
ShowingCall