$1,999,000
For sale: Other

An exceptional brand-new mixed-use live/work commercial unit in the bustling hub of Richmond Hill, at Yonge and Highway 7. This 2,473 sq. ft. ground-floor unit, plus 45 sq. ft. outdoor, is ideal for entrepreneurs seeking a dynamic live/work setup. With RM10 zoning, this commercial unit seamlessly integrates with a residential space: on the main floor, a versatile live/work area measuring 20.8 by 15.6 sq. ft., plus 3 full bathrooms and one half bathroom, and a bonus room (bedroom). Upstairs, you'll find a private residential sanctuary with three bedrooms-including a prime suite-a full kitchen, dining, and living space. Facing northwest, enjoy street exposure and natural light. 1 parking is included. Positioned steps from Langstaff GO Station, major transit, and highways, this is a prime investment in a thriving, well-connected community. Floor plan attached for your review. Lockers can be purchased for $5,000. Maintenance fees are $13.65 for storage and $45.00 for parking. Exclusive Rogers Internet Cable rights for the entire building, with a special offer of approximately $50 per month for internet service.
Sold data
Homes in South Richvale took a median of 32 days to sell over the last 365 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 55, across 78 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 72 days.
The median sale price was $1,486,888.
Homes sold for about 4.6% below asking on average, so there was room to negotiate.
About 17% of sales closed above the list price.
Around 14% of sellers reduced their price before finding a buyer.
Based on 78 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Richmond Hill (South Richvale) has 43 Fraser Institute–rated schools (35 elementary and 8 secondary), averaging 7.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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