
















1/18120 - 372 HIGHWAY 7, Richmond Hill (Doncrest), ON L4B0C6
$478,000 total
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Asset Class
Retail
Size
—
Building class
C
Zoning
CB1 — Low Intensity Business
$ / SF
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Occupancy
84%
Prime ground-floor commercial opportunity at Shops at Royal Gardens, strategically positioned on Highway 7 E in Richmond Hill. This approximately 505 sq. ft. retail/commercial unit offers exceptional street-level exposure in a high-traffic location surrounded by established residential condominiums, retail, restaurants and everyday amenities.The versatile space presents an excellent opportunity for an owner-operator, entrepreneur or investor looking to establish a retail, professional service, personal service or other permitted commercial business. Potential concepts may include boutique retail, beauty or salon services, studio, professional office and other service-oriented businesses, subject to zoning, condominium declaration, licensing and all applicable municipal approvals.Enjoy convenient surface parking directly in front of the unit, plus one private underground parking space. The unit offers excellent visibility and accessibility for both customers and operators, with a strong residential customer base immediately surrounding the property.Ideally located near Bayview Avenue with quick access to Highway 404 and Highway 407, and with Viva/YRT transit conveniently accessible along Highway 7. Surrounded by established residential communities, shops, banks, restaurants and other amenities, this location offers outstanding convenience and exposure.A rare opportunity to own a highly visible ground-floor commercial unit in one of Richmond Hill's established mixed-use communities. Bring your business vision and explore the possibilities at Royal Gardens. (id:66811)
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Monthly debt service
$2K
Projected NOI
$23K
Annual cash flow
$-4K
Cash-on-cash
-2.45%
DSCR
0.87
Going-in cap
4.81%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
124,607
Households
48,158
Median income
$117,000
Median age
35.7
Daytime population
203,322
5-yr growth
2.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 120 - 372 HIGHWAY 7, Richmond Hill (Doncrest).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.