$2,425,000
( $233.94Per Sq Foot )
 $13,018 est/mo Sourced by Back At You

198 King Road,Richmond Hill (Oak Ridges), ON L4E2W1

Richmond Hill (Oak Ridges), ON L4E2W1

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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. (id:13843)

Details

MLS #N13877428
Listing TypeFor Sale
StatusActive
Days On Site17
Listing Provided ByRIGHT AT HOME REALTY | IMRAN BALOGUN

Features

SQ Feet10,366
ZoningGC1

Interior

CoolingNone
HeatingBaseboard heaters
Fireplace Yes / NoNo

Parking

Parking FeaturesOther

Utilities

Water SourceMunicipal water

Taxes

Tax Annual Amount9979.89
Tax Year2026

Area Information

ProvinceON
CityRichmond Hill (Oak Ridges)
Postal CodeL4E2W1
Listing VS Median (in L4E2W1)
Price:
$2,425,000
low | high
Med:
$1,100,000
100% of Average
sqft:
10,366
low | high
Med:
1,500
100% of Average
$ / sqft:
$234
low | high
Med:
$733
100% of Average
On site:
17
low | high
Med:
130
13.076923076923% of Average
Sourced by Back At You

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Learn More About This Property

ProvinceON
CityRichmond Hill (Oak Ridges)
Postal CodeL4E2W1
Listing VS Median (in L4E2W1)
Price:
$2,425,000
low | high
Med:
$1,100,000
100% of Average
sqft:
10,366
low | high
Med:
1,500
100% of Average
$ / sqft:
$234
low | high
Med:
$733
100% of Average
On site:
17
low | high
Med:
130
13.076923076923% of Average
Sourced by Back At You
Listing Updated: October 10, 2026 at 4:01:42 AM PDT