1650 Elgin Mills Road, Richmond Hill, ON

$580,000
MLS#:N13476012
0 beds
1 baths
Commercial
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Property Highlights

Welcome to this remarkable commercial retail located in the coveted neighborhood of Rural Richmond Hill. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $580,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 0 Bedrooms and 1 Bathroom
  • Thoughtfully designed floor plan offering excellent spatial utility and privacy
  • Convenient outside/surface garage included
  • equipped with yes central cooling and highly efficient gas forced air closed heating

Description

Great Opportunity In A Well-Established Medical/Professional Office Building In Richmond HillNear Hwy 404. Significant Renovation $$$ Spent, Including One Powder Room. Functional Layout Suitable For A Variety Of Medical, Professional, Or Office Uses. Existing Cabinet/Counter Area Offers A Practical Kitchenette/Staff Prep Setup, Subject To Buyer's Own Due Diligence. Close To Costco, Home Depot, Staples, Restaurants, Major Banks, And Other Amenities. Ample Surface Parking For Owners, Clients, And Visitors. One Underground Parking Space Included. Excellent Opportunity For Investors Or End Users.

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Property Summary

This commercial retail located at 1650 Elgin Mills Road, Richmond Hill is currently for sale and has been available on SousaSells for 49 days. This property is listed at $580,000 with an estimated mortgage of $1,931* per month. It has 0 beds, 1 bathroom, and is unknown square feet. 1650 Elgin Mills Road, Richmond Hill is in the Rural Richmond Hill neighborhood.

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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Rural Richmond Hill, Richmond Hill.

Great for Small Household / Couples
What We Love About This Home
  • 1 well-appointed bathroom
  • Desirable Commercial Retail architecture in Rural Richmond Hill, Richmond Hill
Standout Features & Layout
Who Should Buy This Home?

First-time home buyers, professionals, or investors seeking value.

Target Buyer Match

Key Features

Bathrooms
1
Property Type
Commercial

Additional Details

StatusActive
Listed Date6/22/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeCommercial Retail
CountyYork
Annual Tax$5,289

Parking & Garage

Garage TypeOutside/Surface

Heating & Cooling

Heat TypeGas Forced Air Closed
CoolingYes

Features

Property Features

None listed

Interior Features

None listed

Security Features

  • No

Community Features

None listed

Frequently Asked Questions about 1650 Elgin Mills Road, Richmond Hill, ON

Q.What is the asking price for 1650 Elgin Mills Road, Richmond Hill, ON ?

The current listing price for 1650 Elgin Mills Road, Richmond Hill, ON in Rural Richmond Hill, Richmond Hill is $580,000.

Q.How many bedrooms and bathrooms does this property have?

This property features null bedrooms and 1 bathroom.

Q.What property type and architectural style is 1650 Elgin Mills Road, Richmond Hill, ON ?

1650 Elgin Mills Road, Richmond Hill, ON is a Commercial Retail () featuring a basement.

Q.What security features are installed at 1650 Elgin Mills Road, Richmond Hill, ON ?

Security features include: No.

Q.What heating and cooling systems are installed?

Heating is provided via standard central heat and cooling via Yes.

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Location

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1650 Elgin Mills Road, Richmond Hill, ON

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 1650 Elgin Mills Road E 207, Richmond Hill, ON L4S 0B2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Richmond Hill.

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Interest Rate4.00%
Down Payment$174,000 (30.0%)
* Minimum Canadian down payment required for this price is $33,000.
Amortization Period30 Years
Estimated Monthly Payment$1,931Based on a loan of $406,000 over 30 years.
Purchase Price$580,000
Loan Amount$406,000
Provincial Land Transfer Tax:$8,075
Total Estimated Closing Taxes:$8,075

About Purchasing a Home in Richmond Hill, ON

For a property listed at $580,000 in Richmond Hill, the legal minimum down payment is $33,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $8,075 for this transaction. As this listing is in Richmond Hill (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,075.

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Rural Richmond Hill, Richmond Hill Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Rural Richmond Hill, Richmond Hill.

Verified Local Data
City Population202,022
City Median Age42.4 Yrs
City Ownership78% Owners
Avg Area List Price$2,121,254

People & Families

Age Distribution

Household Composition

One-person households
18%
Families with children
50%
Couples without children
27%
Other households
5%

Top Ethnic Origins

Chinese30%
Iranian11%
Canadian8%
Italian7%

Best Schools in Rural Richmond Hill, Richmond Hill

Elementary Schools

H G Bernard
Public245 Bernard Avenue, Richmond Hill, Ontario, L4S 1E1
6.6
Bond Lake
PublicWilcox Lake, Richmond Hill, Ontario
8.6
Our Lady Help of Christians
Public275 Redstone Road, Richmond Hill, Ontario, L4S 2H1
7.7
Corpus Christi
Public35 Squire Drive, Richmond Hill, Ontario, L4S 1C6
10.0
Redstone
Public235 Redstone Road, Richmond Hill, Ontario, L4S 2E2
8.0

Secondary Schools

Richmond Green
Public1 William F. Bell Parkway, Richmond Hill, Ontario, L4S 2T9
8.3
Jean Vanier
Public10475 Bayview Avenue, Richmond Hill, Ontario, L4C 3P2
7.9

Rural Richmond Hill, Richmond Hill Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied78%
Rented22%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.