198 King Road, Richmond Hill, ON L4E 2W1
Oak Ridges, Richmond Hill · Near King Road And Yonge Street · View map
About this home
ATTENTION DEVELOPERS, INVESTORS, BUILDERS & BUSINESS OWNERS! Exceptional Investment & Redevelopment Opportunity in Prime Oak Ridges! Discover a rare opportunity to secure a prominent corner property in the heart of Oak Ridges, offering excellent visibility, strategic positioning, and potential access from both King Road and Hughes Avenue. Designated GC1 (General Commercial) Zoning, the property offers a wide range of permitted commercial uses, including medical and dental clinics, financial institutions, professional offices, veterinary clinics, pet stores, daycare facilities, personal service businesses, laundromats, health centers, photography studios, and more, subject to applicable zoning provisions and municipal approvals. The property currently features an existing bungalow with renovation potential, presenting an opportunity to generate rental or holding income while exploring future commercial development or redevelopment possibilities. A RARE COMBINATION OF LOCATION, EXPOSURE, COMMERCIAL ZONING & LONG-TERM INVESTMENT POTENTIAL! Ideal for developers, investors, entrepreneurs, professionals, and owner-users seeking to capitalize on a strategically located property in the growing Oak Ridges community. Invest Today. Generate Income. Unlock Tomorrow's Potential! Buyer and Buyer's Agent to independently verify zoning, permitted uses, access, redevelopment potential, and all applicable municipal requirements and approvals.
The home
- Type
- Commercial retail
- Square footage
- 10366 sq ft
- Lot size
- 69.6 x 148.7 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Baseboard
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $9,980/yr
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- Immediate
- Cross street
- King Road And Yonge Street
- Neighbourhood
- Oak Ridges
More
- MLS® number
- N13877428
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
198 King Road, Richmond Hill, ON L4E 2W1
Oak Ridges, Richmond Hill · Near King Road And Yonge Street
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Listing history for 198 King Road
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 198 King Road
Answers come straight from this home’s MLS® listing.
How much is 198 King Road listed for, and what would it cost each month?
198 King Road is listed for $2,425,000. With 20% down ($485,000), the mortgage payment would be roughly $9,782 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $10,613 a month, all in. That figure is an illustration, not a quote.
Is 198 King Road freehold or a condo, and is there a monthly fee?
198 King Road is a commercial retail in Oak Ridges, Richmond Hill. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 198 King Road have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 198 King Road?
198 King Road is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 198 King Road, and what is the lot size?
The lot is listed as 69.6 x 148.7 ft.
How is 198 King Road heated and cooled?
Heating is baseboard. The listing does not show air conditioning.
What are the property taxes for 198 King Road?
Property taxes are $9,980 a year (2026), or about $832 a month.
Where is 198 King Road?
198 King Road is in the Oak Ridges community of Richmond Hill. The nearest main intersection is King Road And Yonge Street. The postal code is L4E 2W1.
Is 198 King Road still for sale?
Yes. It is an active listing (MLS® N13877428). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 198 King Road asking?
Similar properties for sale nearby right now include 86,88,90 Carmela Avenue at $1,980,000, 197 Douglas Road at $1,930,000 and 9-11 - 11611 Yonge Street at $2,399,999. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 198 King Road sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 198 King Road?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Oak Ridges, picked by style, size and price.
Land$1,980,00086,88,90 Carmela Avenue, Richmond HillOak RidgesCourtesy of: HOMELIFE GOLCONDA REALTY INC.View home →
Land$1,930,000197 Douglas Road, Richmond HillOak Ridges Lake WilcoxCourtesy of: REMAX YOUR COMMUNITY REALTYView home →
Commercial retail$2,399,9999-11 - 11611 Yonge Street, Richmond HillJeffersonCourtesy of: HOMELIFE LANDMARK REALTY INC.View home →Courtesy of: RIGHT AT HOME REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.