Richmond Hill, ON · L4E 2W1 · MLS® N13877428Updated
$2,425,000
198 King Rd is a retail in Richmond Hill, listed for $2,425,000.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
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.
Richmond Hill retail priced at $2,425,000 — book a tour to see if it fits your search.Ask Zara a follow-up
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Lot & land
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
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Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Summitly estimate, not from PropTx, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
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Listing brokerage: RIGHT AT HOME REALTY, BrokerageMLS® N13877428 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing 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. © 2026 Toronto Regional Real Estate Board. All rights reserved.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from PropTx, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Other homes for sale in Richmond Hill around $2.4M.
Homes for sale in Richmond Hill
Every active Richmond Hill MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 839 sales from Jul 10 – Oct 8, 2026 (564 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
198 King Rd is listed at $2,425,000 (MLS® N13877428). Summitly updates the price as soon as the MLS® record changes.
No — 198 King Rd is still listed at its original asking price of $2,425,000.
The listing for 198 King Rd doesn't publish its bedroom and bathroom count. It is a commercial property in Richmond Hill.
Its asking price of $2,425,000 is about 114% above the median sold price in Richmond Hill over the last 90 days, $1,135,000, across 839 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Summitly has no earlier MLS® sale or lease of 198 King Rd on record from the last two years. Older records aren't shown under TRREB rules.
198 King Rd is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
2 days — 198 King Rd was listed on October 6, 2026.
About $47,100 in Ontario land transfer tax at the asking price of $2,425,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
The listing for 198 King Rd doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Richmond Hill.
The listing for 198 King Rd doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
