1650 Elgin Mills Road, Richmond Hill, ON

$1,699,999
MLS#:N13422956
0 beds
0 baths
Commercial
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Description

Property Highlights

Welcome to this remarkable [] commercial retail located in the coveted neighborhood of Rural Richmond Hill. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,699,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 0 Bedrooms and 0 Bathrooms
  • Spacious lot size measured in Feet
  • Features a [] basement, adding superb versatility for recreation, a home gym, or extra storage
  • Convenient plaza garage included
  • equipped with ["yes"] central cooling and highly efficient gas forced air closed heating

Incredible 7.3% cap rate! Unit lease by pharmacy, located in a prime location of Richmond Hill. Exclusive pharmacy rights in a well maintained building,. Location is surrounded by high traffic businesses and stored with a strong local residential market. 4 Years remaining on lease term, triple net lease. Turnkey investment opportunity at a rarely offered cap rate. *Do not speak to tenants* Financials attached.

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Key Features

Property Type
Commercial

Additional Details

StatusActive
Listed Date6/5/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeCommercial Retail
CountyYork
Annual Tax$6,532

Parking & Garage

Garage TypePlaza

Heating & Cooling

Heat TypeGas Forced Air Closed
Cooling["Yes"]

Features

Property Features

Community Features

Location

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1650 Elgin Mills Road, Richmond Hill, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 1650 Elgin Mills Road E 101, Richmond Hill, ON L4S 0B2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$1,359,999.2
Monthly Mortgage$7,902
Property Tax (Est.)$544
Utilities & Maint.$350
Total Monthly Cost$8,796

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Richmond Hill.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Rural Richmond Hill, Richmond Hill.

Verified Local Data
City Population202,022
City Median Age42.4 Yrs
City Ownership78% Owners
Avg Area List Price$1,768,087

People & Families

Age Distribution

Household Composition

One-person households
18%
Families with children
50%
Couples without children
27%
Other households
5%

Top Ethnic Origins

Chinese30%
Iranian11%
Canadian8%
Italian7%

Local Schools Guide

Elementary Schools

Victoria Square
Public50 Prince Of Wales Drive, Markham, Ontario, L6C 0K2
7.6
Our Lady Help of Christians
Public275 Redstone Road, Richmond Hill, Ontario, L4S 2H1
7.7
H G Bernard
Public245 Bernard Avenue, Richmond Hill, Ontario, L4S 1E1
6.6
Redstone
Public235 Redstone Road, Richmond Hill, Ontario, L4S 2E2
8.0
Corpus Christi
Public35 Squire Drive, Richmond Hill, Ontario, L4S 1C6
10.0

Secondary Schools

Richmond Green
Public1 William F. Bell Parkway, Richmond Hill, Ontario, L4S 2T9
8.3
Jean Vanier
Public10475 Bayview Avenue, Richmond Hill, Ontario, L4C 3P2
7.9
Bayview
Public10077 Bayview Avenue, Richmond Hill, Ontario, L4C 2L4
9.2

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied78%
Rented22%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.