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Main Photo: 120 372 Hwy 7 in Richmond Hill: Doncrest Commercial for sale : MLS®# N12613022
Photo 1: 120 372 Hwy 7 in Richmond Hill: Doncrest Commercial for sale : MLS®# N12613022
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
N12613022
Bus Major:
Retail Store Related
Prime ground floor retail unit at the sought after Royal Gardens community! Spacious 505 sq.ft. w/exceptional street exposure on one of Richmond Hill's busiest corridors, surrounded by high density residential customer base. Ample surface parking right at the front door & one private underground parking space included. Currently leased to high-end fashion showroom, lease can be assumed at attractive 5% cap rate or seller can buyout the lease, perfect for investors seeking stable cash flow or business operators. Ideal location w/ high pedestrian & vehicle traffic, unbeatable access to YRT, GO Transit, Hwy 401, and Hwy 404. Rare opportunity to own a premium commercial unit in a thriving mixed-use community!
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
505 sq. ft. Square Feet
Total Area:
505 sq. ft.
Retail Area:
100 sq. ft. %
Lot Depth:
0'
Lot Frontage:
0'
Water supply:
Municipal
Zoning:
COMMERCIAL Retail RR1
Heating type:
Gas Forced Air Open
Garage:
Outside/Surface
Possession Details:
TBD
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$2,670 / 2025
Assessment:
$- / -
York
Richmond Hill
Doncrest
Yes
Utilities:
Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Condo Fee:
$548.1
Major Business Type:
Retail Store Related
Category:
Retail
Date Listed:
Dec 09, 2025
Original Price:
Previous Price:
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Listed by KW Living Realty
Data was last updated December 15, 2025 at 02:15 PM (UTC)
DARYL  KING
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Looking for houses for sale in Richmond Hill? This York Region city north of Toronto is one of the GTA’s most sought-after places to live. Known for its excellent schools, safe neighbourhoods, and beautiful green spaces, Richmond Hill offers a wide variety of homes from cozy starter properties to luxurious detached estates, perfect for families, professionals, and investors alike.

Why Buy a Home in Richmond Hill?

• Highly rated schools and family-friendly neighbourhoods
• Convenient access to Highways 404, 407, and GO Transit
• Shopping, dining, and entertainment at Hillcrest Mall and Yonge Street
• Green parks, trails, and recreational spaces throughout the city
• Steady real estate appreciation and investment potential

Top Neighbourhoods with Houses for Sale in Richmond Hill

Bayview Hill – Prestigious area featuring luxury detached homes
Jefferson – Modern developments ideal for growing families
Oak Ridges – Surrounded by nature and conservation areas
Mill Pond – Heritage-style homes with community charm
Langstaff – Perfect for commuters with quick transit access

Neighbourhood Highlights in Richmond Hill

Richmond Hill offers a balanced lifestyle of urban amenities and suburban tranquility. Residents enjoy community events, local farmers’ markets, and access to cultural venues like the Richmond Hill Centre for the Performing Arts. The area’s parks, golf courses, and hiking trails make it perfect for outdoor enthusiasts, while its proximity to Toronto ensures an easy daily commute.

What to Expect in Richmond Hill Houses

Houses in Richmond Hill often feature:

3–5 bedrooms with open-concept layouts
Renovated kitchens with premium finishes
Large yards with landscaped gardens and decks
Energy-efficient upgrades and smart home systems
• Options from affordable family homes to luxury estates

Explore More GTA Homes:

Each link provides updated listings and expert insights.

FAQs – Houses for Sale Richmond Hill

1. What is the average price of houses in Richmond Hill?
Home prices typically start around $1.2M and can exceed $3M for high-end properties.

2. Are there new developments in Richmond Hill?
Yes. New communities and pre-construction projects continue to grow, especially in Jefferson and Oak Ridges.

3. Is Richmond Hill a good area for families?
Absolutely. It’s known for excellent schools, safe streets, and numerous family-friendly amenities.

4. How convenient is commuting from Richmond Hill to Toronto?
Very convenient, GO Transit, Viva Rapid Transit, and nearby highways make travel to Toronto quick and easy.