Richmond Hill, ON · L4B 3Z4 · MLS® N14179960Updated
$49,000
550 Highway 7 E #85 is a business in Richmond Hill, listed for $49,000.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Rare opportunity to acquire a well-established turn-key coffee shop for sale at the busy and high demand Time Square Plaza. Approx. 350 sq. ft., surrounded by a large commercial / residential population. Huge traffic and ample parking. Newly renovated in 2025 and ideally set up for any drink/sweet concepts such as coffee, dessert, bubble tea and etc. Store-in-store inside The Clinica. Occupancy cost: $2,000/month + 5% of in-store sales + shared utilities, plus HST. New operator to sign directly with The Clinica, subject to its approval.
Richmond Hill business priced at $49,000 — book a tour to see if it fits your search.
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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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Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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Closed sales on the TRREB MLS®.
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Listing brokerage: SPEAR REALTY INC., BrokerageMLS® N14179960 · 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 $49K.
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 781 sales from Aug 15 – Nov 13, 2026 (625 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
6 for sale · 4 for lease at 550 Highway 7 E.
550 Highway 7 E #85 is listed at $49,000 (MLS® N14179960). Summitly updates the price as soon as the MLS® record changes.
No — 550 Highway 7 E #85 is still listed at its original asking price of $49,000.
The listing for 550 Highway 7 E #85 doesn't publish its bedroom and bathroom count. It is a commercial property in Richmond Hill.
Its asking price of $49,000 is about 96% below the median sold price in Richmond Hill over the last 90 days, $1,135,000, across 781 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 #85 on record from the last two years. Older records aren't shown under TRREB rules.
550 Highway 7 E #85 is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
1 day — 550 Highway 7 E #85 was listed on November 12, 2026.
About $245 in Ontario land transfer tax at the asking price of $49,000. 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 550 Highway 7 E #85 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 #85 doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
