198 King Road, Richmond Hill
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:1945)
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Property details for 198 King Road, Richmond Hill
- Type
- Commercial
- Living Area
- 10,366 square feet
- Lot Size
- Bldg=69.62 x 148.67 FT
- Parking
- Other
- Heating
- Baseboard heaters
- Cooling
- None
- Annual Taxes
- $9,980 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 198 King Road
Active Listings
118
Min Price
$67,000
Max Price
$7,288,000
Avg Price
$1,660,482
Days on Market
69
days
Sold Listings
56
Min Sold Price
$1
Max Sold Price
$4,488,000
Avg Sold Price
$1,606,277
Days until Sold
68
days
Neighbourhood Census Data
Richmond Hill, Ontario
Population
2,845
Median Age
38.3
Median Income
$32,128
Dwelling Value
$898,433
Housing Tenure
Owners 88%
Renters 12%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 3.2
Pop. Density: 1,735.2/km²
Avg Shelter Cost: $2,175/mo
Owners with Mortgage: 75%
Owners Spending 30%+: 36.1%
Tenants Spending 30%+: 54.5%
English only: 88.8%
English and French: 8.8%
Neither: 2.6%
Median Household Income: $95,232
Median Employment Income: $36,608
Price History
Listed
October 8, 2026
by RIGHT AT HOME REALTY
Current Price
$2,425,000
Type
Commercial
For Sale
