The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Rare Opportunity To Own A Highly Visible Two-Level Commercial Unit In The Heart Of Richmond Hill At Yonge St & Hwy 7! Located In The Prestigious 8888 Yonge Mixed-Use Condominium Development, This Bright And Versatile Commercial Space Offers Approx. 2,026 Sq. Ft. Over Two Levels, Including Approx. 850 Sq. Ft. On The Ground Floor And 1,174 Sq. Ft. On The Mezzanine Level. Excellent Yonge Street Exposure With Expansive Windows Providing Exceptional Natural Light, Visibility And Signage Potential On Both Levels. Interior Staircase Connects The Main Floor To The Mezzanine, Creating A Unique Layout Ideal For Businesses Seeking Separate Customer-Facing And Office/Operational Areas. Potential Uses May Include Office, Retail, Medical, Café, Beauty/Wellness And Other Commercial Uses, Subject To Applicable Zoning And Municipal Approvals. Buyer And Buyer's Agent To Conduct Their Own Due Diligence And Independently Verify Zoning, Permitted Use, Licensing And All Municipal Requirements. Accessibility Lift Installation May Be Available At Additional Cost Through Builder- Recommended/Qualified Contractors. Convenient Commercial Parking Available On P1 On A First- Come, First-Served Basis, With Dedicated Elevator Access Connecting The Commercial Parking Level To The Main Level of the street. Additional Parking May Be Available For Purchase At $60,000 Or For Lease, Subject To Availability. One Of Only Three Commercial Units Within The Building. Exceptional Location In The Yonge & Hwy 7 Corridor, Surrounded By High-Density Residential And Commercial Development With Convenient Access To Major Roads, Transit And Area Amenities. VTB Financing Available At A Favorable Rate. An Excellent Opportunity For End Users, Professionals And Investors Looking For A Distinctive Commercial Street Presence On Yonge. The Unit Is Offered In An Unfinished Condition, Providing The New Owner With A Blank Canvas To Design And Finish The Space To Suit Their Vision, Brand And Business Needs.
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Age Groups
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Owners vs Renters
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Household Type
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What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$7,534/mo
Mortgage (principal + interest)$5,870
Property taxFrom listing: $19,978/yr$1,665
Minimum 20% ($313,800 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$313,800
Ontario land transfer taxProvincial brackets, no first-time refund$27,855
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$344,455
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Richmond Hill has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
