Homula Realty Brokerage
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550 Hwy 7 E 221A, Richmond Hill, ON L4B 3Z4

Commercial Retail
$269,000

Location, Location, and Location. Prime retail unit in a fantastic established Times Square shopping plaza. Special unit with plumbing for many uses in potential, currently as a nail shop, suitable for mostly retail businesses, particularly requiring the use of water, like spa, clinic, hair salon, or massage. Well-maintained, bright unit with one treatment room and a pantry now. Step to the bank, medical clinics, and restaurants. Close to High vehicular and pedestrian traffic, Hwys 404 & 407. Moreover, Lots of parking spaces, including surface and underground.

MLS number
N13220848
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
L4B 3Z4
Photos
2
Property tax
$3,830 / year
105days · 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.

Approximate — placed from the postal code, which can cover a block or more.

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 are not shown for this listingWe could only place this address to its postal code, which can cover a block or more, and school boundaries often run down the middle of a street. Naming a school boundary from a position that loose would be a guess about a school, so we don’t. Use the board’s own address lookup for this one.

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
ASIM'SchoolSecondary140 mNot reported
IntelliBridge AcademyElementary and secondary252 mNot reported
Yorkville School - Richmond HillSecondary243 mNot reported
Duowei Education CentreElementary and secondary376 mNot reported
Halley International AcademySecondary566 mNot reported
OpenMind AllianceElementary682 mNot reported

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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 1,775 people.

$75,000Median household income
73.6%Own their home
23.7%Detached houses
52Median age
70.2%Born outside Canada
42.4%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35190434 — the few blocks around this address, home to 1,775 people. It describes the area, not this property.

1,775Population
49.4Average age
2.3Household size
$93,000Average household income
$75,000Median household income
74%Own their home
26%Rent
77%Condominiums
70%Born outside Canada
42%University degree
$896,000Average home value
16%Low income
92%Not in the labour force
25%Never married
Under $5,0001%
$5,000 to $9,999<1%
$10,000 to $14,9991%
$15,000 to $19,9992%
$20,000 to $24,9994%
$25,000 to $29,9992%
$30,000 to $34,9993%
$35,000 to $39,9993%
$40,000 to $44,9993%
$45,000 to $49,9992%
$50,000 to $59,9995%
$60,000 to $69,9996%
$70,000 to $79,9995%
$80,000 to $89,9995%
$90,000 to $99,9994%
$100,000 and over26%
$100,000 to $124,9998%
$125,000 to $149,9995%
$150,000 to $199,9997%
$200,000 and over6%

Percentages are of the 1,045 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.

$53,800 · minimum here is $13,450
$1,191.07per month
Borrowed before insurance$215,200
Total borrowed$215,200
Interest over 25 years at 4.5%$142,122

If you rented it out

-$1,510.24per month out of pocket
Rent$0.00
Everything it costs to hold$1,510.24
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 NU STREAM REALTY (TORONTO) INC.. Listing data provided by the Toronto Regional Real Estate Board.