Looking for a business for sale in Richmond Hill? This vibrant and growing community just north of Toronto is an ideal location for entrepreneurs, franchise investors, and professionals seeking profitable ventures. With a mix of retail, hospitality, and service-based businesses available, Richmond Hill offers exceptional value for both first-time buyers and seasoned investors.
101 1650 Elgin Mills Road E
Richmond Hill
L4S 0B2
$1,699,999 /For Sale
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- N13422956
- Photos (3)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
- Property Type:
- Commercial
- Property Sub Type:
- Commercial Retail
- Freestanding:
- No
- Total Area:
- 921 sq. ft. Square Feet
- Total Area:
- 921 sq. ft.
- Retail Area:
- 800 sq. ft. Sq Ft
- Lot Depth:
- 0'
- Lot Frontage:
- 0'
- Water supply:
- Municipal
- Zoning:
- MC3
- Heating type:
- Gas Forced Air Closed
- Garage:
- Plaza
- Possession Details:
- TBD
- HST Applicable To Sale Price:
- In Addition To
- Assessment Year:
- 2025
- Type Taxes:
- Annual
- Taxes:
- $6,532 / 2025
- Assessment:
- $- / 2025
- York
- Richmond Hill
- Rural Richmond Hill
- Yes
- Utilities:
- Yes
- Air Conditioning:
- Yes
- Seller Property Info Statement:
- No
- Category:
- Commercial Condo
-
Photo 1 of 3 -
Photo 2 of 3
-
Photo 3 of 3
- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
Why Buy a Business in Richmond Hill?
• Strong local economy supported by affluent residential neighbourhoods
• Easy access to highways 404, 407, and public transit options
• Growing population means increased demand across business sectors
• Variety of commercial properties including storefronts and office spaces
• Business-friendly policies and a supportive municipality
Features of Richmond Hill Businesses for Sale
Purchasing a business in Richmond Hill offers access to:
• Turnkey operations with existing customer bases
• Long-term lease agreements in high-traffic zones
• Restaurants, salons, medical practices, and convenience stores
• Franchise opportunities backed by national brands
• Flexible zoning for retail, professional, and mixed-use space
Neighbourhood Highlights for Business Owners
Richmond Hill’s commercial hubs stretch across key corridors like Yonge Street, Bayview Avenue, and Highway 7. Popular areas include:
- Downtown Richmond Hill: High pedestrian traffic and heritage storefronts
- Hillcrest Mall Area: Anchored retail plazas with steady footfall
- Beaver Creek Business Park: Office and industrial spaces near major routes
These diverse zones cater to different business models, helping you align your investment with local demographics and traffic flow.
Who Should Consider Businesses for Sale in Richmond Hill?
Whether you’re expanding your franchise footprint or launching your first independent business, Richmond Hill provides:
Opportunity for owner-operated and absentee-run businesses
Affordable alternatives to downtown Toronto
Loyal local clientele in suburban communities
Low startup costs compared to urban core areas
Explore More GTA Homes:
- Condos for Sale in Toronto Under $350K
- Waterfront Cottages for Sale in Ontario under $300000
- Houses for Sale Richmond Hill under $500000
- Houses for Sale near Caledonia and Eglinton West
- Condos for Sale in Toronto Under $400K
- Aurora Homes For Sale
- Bradford Homes For Sale
- King City Homes For Sale
- Markham Homes For Sale
- Newmarket Homes For Sale
- Richmond Hill Homes For Sale
- Thornhill Homes For Sale
- Toronto Homes For Sale
- Brampton Homes For Sale
- Uxbridge Homes For Sale
- Vaughan Homes For Sale
- Stouffville Homes For Sale
- Mississauga Homes For Sale
Each link provides updated listings and expert insights.
FAQs – Business for Sale Richmond Hill
1. What’s the average investment needed to buy a business?
Prices start under $100,000 for small operations and go beyond $1 million for high-revenue franchises or specialized practices.
2. Are financing options available for buying a business?
Yes. Buyers can explore business loans, seller financing, or private equity. Our team connects you with lenders experienced in commercial purchases.
3. What due diligence is required before purchase?
Due diligence includes reviewing lease agreements, customer history, financial performance, inventory, and vendor contracts.
4. Why should I choose Richmond Hill over downtown Toronto?
Richmond Hill offers lower entry costs, easier parking and access, less competition in certain sectors, and a community-focused customer base.