Richmond Hill, ON · L4B 3Z4 · MLS® N13527594Updated
$199,900
550 Highway 7 E #281-283 is a 4-bathroom business in Richmond Hill, listed for $199,900.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Exceptional turnkey business opportunity located at the highly trafficked 550 Highway 7 E, one of Richmond Hill's most prominent mixed-use commercial addresses. Situated on the second floor, this beautifully built-out café and lounge spans approximately 3,527 sq ft and is fully equipped and operational - The space features a fully built-out commercial kitchen, stylish dining and lounge areas, and an inviting atmosphere that has established a loyal customer base. Ideal for an experienced restaurateur, entrepreneur, or investor looking to acquire a proven concept in a high-density, high-visibility location surrounded by residential, office, and retail traffic. The Highway 7 corridor continues to experience significant growth and development, making this an outstanding location for long-term business success. Ample parking available on site and excellent transit access make this destination easily accessible for both customers and staff.
Richmond Hill business priced at $199,900 — book a tour to see if it fits your search.
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Lot & land
Listing & possession
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’s estimate
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
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Listing brokerage: PREMIER GROUP REALTY INC., BrokerageMLS® N13527594 · 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 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.
Other homes for sale in Richmond Hill around $200K.
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 809 sales from Aug 5 – Nov 3, 2026 (625 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
5 for sale · 3 for lease at 550 Highway 7 E.
Stations and stops, straight-line distance
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550 Highway 7 E #281-283 is listed at $199,900 (MLS® N13527594). Summitly updates the price as soon as the MLS® record changes.
No — 550 Highway 7 E #281-283 is still listed at its original asking price of $199,900.
550 Highway 7 E #281-283 has 4 bathrooms. It is a commercial property in Richmond Hill.
The nearest rapid-transit station is Langstaff GO Station (Richmond Hill GO), about 3.2 km in a straight line. Richmond Hill GO Station is about 4.8 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
Its asking price of $199,900 is about 82% below the median sold price in Richmond Hill over the last 90 days, $1,140,000, across 809 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 550 Highway 7 E #281-283 on record from the last two years. Older records aren't shown under TRREB rules.
550 Highway 7 E #281-283 is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
120 days — 550 Highway 7 E #281-283 was listed on July 6, 2026.
About $1,724 in Ontario land transfer tax at the asking price of $199,900. 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 550 Highway 7 E #281-283 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 550 Highway 7 E #281-283 doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
