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 Medical & Commercial Investment Opportunity at Yonge & 16th!**Welcome to Unit NE-2-3-4, a rare 1,255 sq. ft. combined commercial condominium in one of Richmond Hill's most desirable commercial locations. This unique offering combines three units into one open-concept space with no interior dividing walls, providing exceptional flexibility for a medical clinic, family physician, dental office, pharmacy, physiotherapy, chiropractic, diagnostic or wellness centre, cosmetic medical practice, as well as professional offices, retail, beauty, spa, café, restaurant, and other service-related businesses (subject to municipal approval).Medical zoning has been obtained, making this an outstanding opportunity for healthcare professionals. Buyers and their representatives are responsible for verifying all permitted uses, zoning, licensing, permits, and municipal requirements with the Town of Richmond Hill. The unfinished interior offers a blank canvas to design and customize the space to suit your business and brand. The three units are currently combined but may also be purchased individually, allowing buyers to select the size that best fits their needs. Ideally located at the busy intersection of Yonge Street & 16th Avenue, this property offers excellent visibility, strong traffic exposure, outstanding demographics, and convenient access to Highways 407 and 404, public transit, and surrounding residential neighbourhoods. Underground visitor parking is available on a first-come, first-served basis through a convenient QR code registration system. Whether you're opening a medical practice, expanding your business, or investing in a premier commercial location, this property offers exceptional flexibility, exposure, and long-term potential.
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What’s NearbyDistances approximate
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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$6,048/mo
Mortgage (principal + interest)$4,695
Property taxFrom listing: $16,243/yr$1,354
Minimum $100,500 down for this price; the slider moves in whole percent, starting at 9%. Under 20% adds mortgage default insurance. 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$251,000
Ontario land transfer taxProvincial brackets, no first-time refund$21,575
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$275,375
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.
