Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

8888 Yonge Street C1, Richmond Hill, ON L4C 5V6

Commercial Retail
$1,297,000

Presenting Unit C1-an exceptional brand-new commercial space at 8888 Yonge Street, right at the vibrant intersection of Yonge & Highway 7 in Richmond Hill. This unit boasts a total of 1,932 sq ft, with 748 sq ft on the ground floor and 1,184 sq ft on the mezzanine level-connected by stairs, with potential to add a lift if desired. Facing Yonge Street, this unit offers not only a prime location but also a great view, making it an ideal space to showcase your business. Designed for flexibility, this unit includes underground visitor parking (P1) with direct elevator access to the commercial area. Zoned for a variety of uses, with a special emphasis on medical businesses, this space is ready for your vision. Plus, a VTB (vendor take-back) option is available at a favorable rate. Don't miss the chance to establish your business in one of Richmond Hill's most sought-after commercial hubs! Parking is available for purchase at $60,000 and lockers at $5,000.

MLS number
N13055508
Type
Commercial Retail
Status
Active
Bedrooms
Bathrooms
Postal code
L4C 5V6
Photos
5
Property tax
$19,314 / year
138days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Matched to the building rather than the unit — every unit in a tower shares one coordinate.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Adrienne Clarkson PS8.9 / 10
Elementary · French Immersion · 1-8
YRDSB boundary · approved March 2011
Charles Howitt PS7.4 / 10
Elementary · Regular Track · JK-8
YRDSB boundary · approved March 2002
Alexander Mackenzie HS8.4 / 10
Secondary · Arts · 9-12
YRDSB boundary
Thornlea SS8.4 / 10
Secondary · French Immersion · 9-12
YRDSB boundary · approved December 2025
Alexander Mackenzie HS8.4 / 10
Secondary · International Baccalaureate (IB) · 9-12
YRDSB boundary
Langstaff SS6.7 / 10
Secondary · Regular Track · 9-12
YRDSB boundary · approved January 2005
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

York Region. Published by the York Region District School Board’s planning department, with the date the board approved each boundary shown above. A boundary approved years ago is still the current one until the board redraws it, but the older the date, the more worth confirming.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: YRDSB school locator.

Sources: York Region District School Board planning department.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
St John Paul II Catholic Elementary School
York CDSB
Elementary633 m8.2 / 10
82% met the standard
Red Maple Public School
York Region DSB
Elementary637 m6.9 / 10
69% met the standard
CanadaeAcademySecondary1.1 kmNot reported
SophioSecondary903 mNot reported
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 349 people.

$104,000Median household income
75%Own their home
91.7%Detached houses
48.4Median age
49.2%Born outside Canada
45.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35190867 — the few blocks around this address, home to 349 people. It describes the area, not this property.

349Population
44.9Average age
2.9Household size
$196,000Average household income
$104,000Median household income
75%Own their home
25%Rent
0%Condominiums
49%Born outside Canada
45%University degree
$2,320,000Average home value
16%Low income
70%Not in the labour force
27%Never married
$35,000 to $39,9993%
$45,000 to $49,9996%
$50,000 to $59,9993%
$60,000 to $69,9996%
$70,000 to $79,9993%
$80,000 to $89,9993%
$90,000 to $99,9996%
$100,000 and over34%
$100,000 to $124,9999%
$125,000 to $149,9999%
$150,000 to $199,9996%
$200,000 and over14%

Percentages are of the 175 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$259,400 · minimum here is $104,700
$5,742.84per month
Borrowed before insurance$1,037,600
Total borrowed$1,037,600
Interest over 25 years at 4.5%$685,251

If you rented it out

-$7,352.34per month out of pocket
Rent$0.00
Everything it costs to hold$7,352.34
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by CENTURY 21 HERITAGE GROUP LTD.. Listing data provided by the Toronto Regional Real Estate Board.