372 Hwy 7 E #116B is a retail in Richmond Hill, listed for $329,000.
1This is a great opportunity to invest in a retail unit.
2This prime ground-floor commercial unit is situated on the busiest street in Richmond Hill.
3It benefits from a high-density residential customer base within the vicinity, offers high traffic exposure, and it is rented to the Convenience store .
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Commercial Property in Richmond Hill
Unit 116B at 372 Hwy 7 East
Location! Location! Location! This is a great opportunity to invest in a retail unit. This prime ground-floor commercial unit is situated on the busiest street in Richmond Hill. It benefits from a high-density residential customer base within the vicinity, offers high traffic exposure, and it is rented to the Convenience store . Additionally, it provides easy access to the YRT bus, GO station, and Highways 407/404.
Richmond Hill retail priced at $329,000 — book a tour to see if it fits your search.
Inside 372 Hwy 7 E #116B
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
372 Hwy 7 E #116B Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N14145788$329,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 372 Hwy 7 E #116B Compares to the Richmond Hill Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.
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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 TRREB, 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.
Similar homes for sale nearby in Richmond Hill
Other homes for sale in Richmond Hill around $329K.
Average days on market35Homes sold in about 35 days on average.
Sale-to-list ratio98.5%On average, homes sold below asking.
Active listings1,214Homes for sale here right now.
Median vs prior 90 days+3.2%Compared with May 8 – Aug 6, 2026: prices up.
Based on 791 sales from Aug 6 – Nov 4, 2026 (638 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
1 for rent at 372 Hwy 7 E — plus its sale and lease history.
372 Hwy 7 E #116B is listed at $329,000 (MLS® N14145788). Summitly updates the price as soon as the MLS® record changes.
Has the price of 372 Hwy 7 E #116B changed?
No — 372 Hwy 7 E #116B is still listed at its original asking price of $329,000.
How many bedrooms and bathrooms does 372 Hwy 7 E #116B have?
The listing for 372 Hwy 7 E #116B doesn't publish its bedroom and bathroom count. It is a commercial property in Richmond Hill.
How does 372 Hwy 7 E #116B compare with other homes in Richmond Hill?
Its asking price of $329,000 is about 71% below the median sold price in Richmond Hill over the last 90 days, $1,135,000, across 791 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.
Has 372 Hwy 7 E #116B been sold before?
Summitly has no earlier MLS® sale or lease of 372 Hwy 7 E #116B on record from the last two years. Older records aren't shown under TRREB rules.
Where is 372 Hwy 7 E #116B?
372 Hwy 7 E #116B is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 372 Hwy 7 E #116B been on the market?
1 day — 372 Hwy 7 E #116B was listed on November 3, 2026.
What is the land transfer tax on 372 Hwy 7 E #116B?
About $3,410 in Ontario land transfer tax at the asking price of $329,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 372 Hwy 7 E #116B or make an offer?
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.
What is the property tax for 372 Hwy 7 E #116B?
The listing for 372 Hwy 7 E #116B doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Richmond Hill.
When was 372 Hwy 7 E #116B built?
The listing for 372 Hwy 7 E #116B doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
