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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Commercial Property in Richmond Hill
Unit 85 and 86 at 550 Highway 7 East
Fully renovated, turnkey med-spa unit at the busy Times Square Plaza, Hwy 7 E & Leslie, Richmond Hill. Approx. 1,712 sf, ideal for clinic, medical, wellness, aesthetics or professional office use. High-exposure plaza with ample parking, surrounded by TD, BMO, RBC, CIBC, Scotiabank, Tim Hortons, McDonald's & more. Affluent trade area with highly dense residential and daytime population within 3 km and $131K avg household income. Easy access to Hwy 404/407 and VIVA transit. Owner will provide a new lease.
Richmond Hill business priced at $150,000 — book a tour to see if it fits your search.
Inside 550 Highway 7 E #85 and 86
Every detail from the listing, in one place.
Type
Business
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Sale Of Business
550 Highway 7 E #85 and 86 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N14161794$150,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 550 Highway 7 E #85 and 86 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.
For homeowners nearby
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Book a tour of 550 Highway 7 E #85 and 86 with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 550 Highway 7 E #85 and 86 day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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 $150K.
Average days on market35Homes sold in about 35 days on average.
Sale-to-list ratio98.5%On average, homes sold below asking.
Active listings1,154Homes for sale here right now.
Median vs prior 90 days+3.2%Compared with May 13 – Aug 11, 2026: prices up.
Based on 789 sales from Aug 11 – Nov 9, 2026 (637 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
How much is 550 Highway 7 E #85 and 86 listed for?
550 Highway 7 E #85 and 86 is listed at $150,000 (MLS® N14161794). Summitly updates the price as soon as the MLS® record changes.
Has the price of 550 Highway 7 E #85 and 86 changed?
No — 550 Highway 7 E #85 and 86 is still listed at its original asking price of $150,000.
How many bedrooms and bathrooms does 550 Highway 7 E #85 and 86 have?
The listing for 550 Highway 7 E #85 and 86 doesn't publish its bedroom and bathroom count. It is a commercial property in Richmond Hill.
How does 550 Highway 7 E #85 and 86 compare with other homes in Richmond Hill?
Its asking price of $150,000 is about 87% below the median sold price in Richmond Hill over the last 90 days, $1,135,000, across 789 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 550 Highway 7 E #85 and 86 been sold before?
Summitly has no earlier MLS® sale or lease of 550 Highway 7 E #85 and 86 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 550 Highway 7 E #85 and 86?
550 Highway 7 E #85 and 86 is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 550 Highway 7 E #85 and 86 been on the market?
550 Highway 7 E #85 and 86 was listed today (November 9, 2026).
What is the land transfer tax on 550 Highway 7 E #85 and 86?
About $1,225 in Ontario land transfer tax at the asking price of $150,000. 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 550 Highway 7 E #85 and 86 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 550 Highway 7 E #85 and 86?
The listing for 550 Highway 7 E #85 and 86 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 550 Highway 7 E #85 and 86 built?
The listing for 550 Highway 7 E #85 and 86 doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
