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Active

$2,425,000

198 King Rd

Richmond Hill, ON L4E 2W1

198 King Rd, Richmond Hill — Listed at $2,425,000 Commercial Retail. MLS® N13877428.

New this week

Possession · seller's timeline

Immediate

1,000Sq Ft
Commercial Retail
$9,979.89Taxes/yr · 2026

Description

ATTENTION DEVELOPERS, INVESTORS, BUILDERS & BUSINESS OWNERS! Exceptional Investment & Redevelopment Opportunity in Prime Oak Ridges! Discover a rare opportunity to secure a prominent corner property in the heart of Oak Ridges, offering excellent visibility, strategic positioning, and potential access from both King Road and Hughes Avenue. Designated GC1 (General Commercial) Zoning, the property offers a wide range of permitted commercial uses, including medical and dental clinics, financial institutions, professional offices, veterinary clinics, pet stores, daycare facilities, personal service businesses, laundromats, health centers, photography studios, and more, subject to applicable zoning provisions and municipal approvals. The property currently features an existing bungalow with renovation potential, presenting an opportunity to generate rental or holding income while exploring future commercial development or redevelopment possibilities. A RARE COMBINATION OF LOCATION, EXPOSURE, COMMERCIAL ZONING & LONG-TERM INVESTMENT POTENTIAL! Ideal for developers, investors, entrepreneurs, professionals, and owner-users seeking to capitalize on a strategically located property in the growing Oak Ridges community. Invest Today. Generate Income. Unlock Tomorrow's Potential! Buyer and Buyer's Agent to independently verify zoning, permitted uses, access, redevelopment potential, and all applicable municipal requirements and approvals.

Property Details

Property TypeCommercial Retail
CommunityOak Ridges
Lot Size10,366 sq ft
Lot Dimensions69.62 × 148.67 ft
Lot Size Area10,365.64 sqft (MPAC)
Dir/Cross StKing Road And Yonge Street
Garage TypeOther
Heating TypeBaseboard
A/CNo
Taxes (2026)$9,979.89
HSTIncluded In
SecurityNo
Listed Date10/8/2026
Days on Market6 days
PossessionImmediate

Business Details

Property Sub-TypeCommercial Retail
Property UseMulti-Use
Occupant TypeVacant
FranchiseNo
Chattels IncludedNo
Financial StatementsNot Available
Showing RequirementsGo Direct
Possession TypeImmediate
Listing Expires4/30/2027

Commercial Space & Financials

Retail Area1,000 Sq Ft
Same-day showings available
5.0Rated 5 stars on Google ReviewsWhatsApp Us About This Listing

Property Insights

Listing Courtesy of: RIGHT AT HOME REALTY

MLS® #N13877428

TRREBMLS®

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2026 Toronto Regional Real Estate Board. All rights reserved.

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About Richmond Hill Real Estate

This Commercial Retail is located in the Oak Ridges community in Richmond Hill. Richmond Hill sits at the heart of York Region, offering a mix of estate homes, townhome communities, and new condo developments along Yonge Street. The city is well-served by the Richmond Hill GO line and Viva BRT. David Dunlap Observatory lands provide green space, while the Yonge/16th corridor is evolving into a vibrant urban centre.

Richmond Hill GO stationYonge Street corridor revitalizationHillcrest Mall & shopping districtsDavid Dunlap Observatory green space
~45 min commute to downtown TorontoWalkability: Moderate — best along Yonge Street corridor
View full Richmond Hill neighbourhood guide →