Looking for a business for sale in Richmond Hill? This thriving York Region hub offers a range of commercial opportunities, from established local shops to fully equipped restaurants, retail spaces, and franchise operations.

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Main Photo: 116 372 Hwy 7 E in York: Doncrest Commercial for sale (Richmond Hill)  : MLS®# N12073286
Photo 1: 116 372 Hwy 7 E in York: Doncrest Commercial for sale (Richmond Hill)  : MLS®# N12073286
Photo 2: 116 372 Hwy 7 E in York: Doncrest Commercial for sale (Richmond Hill)  : MLS®# N12073286
Photo 3: 116 372 Hwy 7 E in York: Doncrest Commercial for sale (Richmond Hill)  : MLS®# N12073286
Photo 4: 116 372 Hwy 7 E in York: Doncrest Commercial for sale (Richmond Hill)  : MLS®# N12073286
Photo 5: 116 372 Hwy 7 E in York: Doncrest Commercial for sale (Richmond Hill)  : MLS®# N12073286
Photo 6: 116 372 Hwy 7 E in York: Doncrest Commercial for sale (Richmond Hill)  : MLS®# N12073286
Photo 7: 116 372 Hwy 7 E in York: Doncrest Commercial for sale (Richmond Hill)  : MLS®# N12073286
Status:
Active
Prop. Type:
Commercial
MLS® Num:
N12073286
Bus Major:
Retail Store Related
Location! Location! Location! This is a great opportunity to invest in a retail unit. This prime ground-floor commercial unit is situated on the busiest street in Richmond Hill. Itbenefits from a high-density residential customer base within the vicinity, offers high traffic exposure, and it is rented to the Convenience store . Additionally, it provides easy access to the YRT bus, GO station, and Highways 407/404.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
290 sq. ft. Square Feet
Total Area:
290 sq. ft.
Retail Area:
100 sq. ft. %
Depth:
0'
Frontage:
0'
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Gas Forced Air Open
Garage:
Underground
Parking Spaces:
1
Possession Details:
TBA
HST Applicable To Sale Price:
In Addition To, Included In
Type Taxes:
Annual
Taxes:
$3,274 / 2024
Assessment:
$- / -
Richmond Hill
Doncrest
York
Yes
All tenants fixture and Chatter
Public
Available
Utilities:
Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Condo Fee:
$330
Major Business Type:
Retail Store Related
Category:
Commercial Condo
Franchise:
No
Days Open:
Open 7 Days
Chattels:
No
LLBO:
No
Date Listed:
Apr 09, 2025
Original Price:
Previous Price:
  • Photo 1: 116 372 Hwy 7 E in York: Doncrest Commercial for sale (Richmond Hill)  : MLS®# N12073286
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  • Photo 2: 116 372 Hwy 7 E in York: Doncrest Commercial for sale (Richmond Hill)  : MLS®# N12073286
    Photo 2 of 7
  • Photo 3: 116 372 Hwy 7 E in York: Doncrest Commercial for sale (Richmond Hill)  : MLS®# N12073286
    Photo 3 of 7
  • Photo 4: 116 372 Hwy 7 E in York: Doncrest Commercial for sale (Richmond Hill)  : MLS®# N12073286
    Photo 4 of 7
  • Photo 5: 116 372 Hwy 7 E in York: Doncrest Commercial for sale (Richmond Hill)  : MLS®# N12073286
    Photo 5 of 7
  • Photo 6: 116 372 Hwy 7 E in York: Doncrest Commercial for sale (Richmond Hill)  : MLS®# N12073286
    Photo 6 of 7
  • Photo 7: 116 372 Hwy 7 E in York: Doncrest Commercial for sale (Richmond Hill)  : MLS®# N12073286
    Photo 7 of 7
Listed by CENTURY 21 HERITAGE GROUP LTD.
Data was last updated June 23, 2025 at 03:15 AM (UTC)
DARYL  KING
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Why Entrepreneurs Are Choosing Richmond Hill

• Steady population growth and diverse clientele
• Accessible via Hwy 404, Hwy 407, and local transit routes
• Proximity to residential hubs and corporate business parks
• Supportive community for small businesses and franchises
• Multicultural consumer base with strong local loyalty

Business Categories You’ll Commonly See

Explore popular business types currently available in the Richmond Hill market:

• Fast food and casual dining establishments
• Boutiques, salons, and retail storefronts
• Clinics, consulting firms, and tutoring centres
• Franchise units with proven operating systems
• Home-based or e-commerce options for flexible ownership

Top Areas for Business Listings in Richmond Hill

If you’re seeking a business for sale in Richmond Hill, consider key commercial areas:

  • Richmond Green Area – Near community centres and schools, ideal for service businesses
  • Highway 7 & Bayview – Popular for retail and restaurant traffic
  • Yonge Street Corridor – Walkable, high visibility for shops and services
  • Leslie & Elgin Mills – Growing commercial and office space hub

Explore More GTA Homes:

Each link provides updated listings and expert insights.

FAQs – Business for Sale Richmond Hill

1. What’s the price range for businesses in Richmond Hill?
You can find listings from $75,000 for small operations up to $1.5M+ for large, branded or franchise businesses.

2. Can I finance a business purchase?
Yes. Banks and business lenders offer financing depending on the type, revenue, and your qualifications.

3. Are there franchise opportunities available?
Absolutely. Richmond Hill hosts many established franchise locations across food, retail, and service sectors.

4. Do these businesses come with existing staff or inventory?
Many are sold turnkey, fully equipped, staffed, and stocked. Details depend on the listing.