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 your commercial address on Yonge Street - one of Ontario's most iconic and actively intensifying corridors. This move-in-ready 1.5-storey commercial building offers 3,782 sq ft of above-grade space across three levels: basement 823 sq ft, ground floor 2,164 sq ft, and second floor 795 sq ft. Three 8x20 ft storage containers add approximately 480 sq ft of enclosed utility space, easily retrofitted for warm/cold storage. Total GFA approximately 4,250 sq ft.The property holds an active occupancy certificate for retail use and is ready for immediate fit-out to suit your operation. On-site surface parking for 10-12 vehicles - an exceptional and increasingly rare amenity on Yonge Street that adds measurable commercial value for any use. Zoned RMU-COR1, among Richmond Hill's most permissive mixed-use designations, permitting office, major retail, medical, arts and cultural uses, live-work units, short-term accommodation, child care, private school, and more. Fit it out for your own business, lease it to a tenant, or structure a mixed-use strategy across floors. Positioned on a generous ~ 75 x 150 ft lot within Richmond Hill's designated Yonge Street intensification corridor, the Official Plan supports significant mid-to-high-rise densification along this stretch of Yonge. The land underneath this building appreciates on your behalf as the corridor evolves - making this the ideal buy-use-and-hold strategy for the sophisticated owner-occupier or investor. Stop writing rent cheques. Start building equity and capturing long-term land value on one of Ontario's most recognized streets.
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What’s NearbyDistances approximate
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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$21,836/mo
Mortgage (principal + interest)$19,827
Property taxFrom listing: $24,102/yr$2,009
Minimum 20% ($1,060,000 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$1,060,000
Ontario land transfer taxProvincial brackets, no first-time refund$118,975
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$1,181,775
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.
