Buying a Condo in Beaver Creek Business Park, Richmond Hill

Beaver Creek Business Park is one of Richmond Hill's largest commercial districts. For condo buyers who want highway access, transit connections and a short commute to work, it's one of the most practical corridors in York Region.

Table of Contents

• Where Is Beaver Creek Business Park?
• Why This Is a Commercial District First
• Condo Buildings in Beaver Creek Business Park
• Condo Pricing and Market Snapshot
• Why Condo Buyers Choose Beaver Creek
• What Buyers Should Consider Before Purchasing
• Who Typically Buys Condos Near Beaver Creek?
• Long-Term Resale Considerations
• Step-by-Step Process for Buying a Condo in Beaver Creek
• Frequently Asked Questions
• Work With a Local Expert

Where Is Beaver Creek Business Park?

Beaver Creek Business Park is situated in the southeast corner of Richmond Hill. It is Richmond Hill's largest and southernmost business park, covering more than 600 acres of employment land.

The neighbourhood boundaries are 16th Avenue to the north, Highway 7 to the south, Bayview Avenue to the west and the Beaver Creek green space corridor to the east. Highway 7 forms the border between Richmond Hill and Markham, which is why many buyers mistakenly place the business park in Markham. It is technically within Richmond Hill's municipal boundaries.

The residential pocket surrounding the business park is sometimes referred to as Doncrest, a name used for the broader neighbourhood that includes tree-lined streets with detached homes farther north. The condo buildings, however, sit right along the Leslie Street and Highway 7 corridors at the southern edge of the area.

If you're exploring condos in this part of York Region, understanding this geography matters. The address may say Richmond Hill, but the lifestyle can feel just as connected to Markham's amenities and employment centres across Highway 7.

Why This Is a Commercial District First

Beaver Creek Business Park is not a typical residential neighbourhood. It is first and foremost an employment and commercial corridor. According to the City of Richmond Hill's 2023 Business Park Profile, the park is home to 614 businesses. The majority are small enterprises (82% have fewer than 20 employees), but several major employers also operate here.

Notable companies in and around the business park include Canada Computers, OpenText Corporation, AMICO Corporation, Olympus Canada and the City of Richmond Hill's own municipal offices at 225 East Beaver Creek Road. The top employment sectors are professional, scientific and technical services (23% of businesses), wholesale trade (12%) and retail trade (9%).

This commercial identity is what shapes the residential experience. Buyers aren't choosing Beaver Creek for quiet suburban streets and cul-de-sacs. They're choosing it because they can walk to work, access three major highways in minutes and grab dinner at a restaurant on their way home.

The area surrounding the Leslie Street and Highway 7 intersection features a concentration of restaurants, banks, medical clinics, fitness studios and retail plazas. The Times Square commercial complex is nearby, along with York Cinemas, an independent multicultural cinema on York Boulevard.

Condo Buildings in Beaver Creek Business Park

There are three main residential condo buildings in the Beaver Creek Business Park neighbourhood. All three are located near the Leslie Street and Highway 7 intersection.

Grand Parkway Residences I: 9015 Leslie Street

Built in 2002, Grand Parkway Residences I is a 13-storey building with 213 units. Suites range from approximately 450 to 2,500 square feet, offering layouts from one-bedroom units to spacious three-bedroom configurations. Maintenance fees run around $0.71 per square foot, which is lower than the neighbourhood average. Residents have access to a shared fitness and racquet facility through the adjacent Sheraton Parkway Hotel, connected via an underground walkway. Building amenities include a gym, pool, sauna and parking garage.

Grand Parkway Residences II: 9017 Leslie Street

Completed in 2003, this 13-storey sister building adds another 219 units to the corridor. Unit sizes range from around 520 to over 2,700 square feet, with some two-storey layouts in the larger configurations. Maintenance fees are approximately $0.65 per square foot. Like its neighbouring tower, residents share access to the Parkway Fitness & Racquet Club facilities including indoor and outdoor pools, squash courts, basketball and a gym.

Four Seasons Garden Condos: 75 Norman Bethune Avenue

The newest of the three, Four Seasons Garden Condos was completed in 2014 by Catalia Development Group. This 10-storey building contains 200 units with suites ranging from approximately 480 to 1,545 square feet. Amenities include 24-hour concierge, an indoor pool, gym, sauna, guest suites and a meeting room. Maintenance fees are higher than the Grand Parkway buildings at around $0.86 per square foot, reflecting the newer build and more extensive concierge services.

Together, these three buildings account for roughly 632 residential condo units in the immediate area. There are no detached homes or freehold townhomes directly within the business park zone. Buyers looking for those property types need to expand north into the Doncrest residential streets or east toward Markham.

A preconstruction project called Casa on Beaver Creek, proposed by OGO Development at Norman Bethune Avenue, would add another 13-storey tower with approximately 200 units. Buyers interested in preconstruction should verify the current status and timelines, as the project has been in the planning phase for several years.

Condo Pricing and Market Snapshot

Condos in Beaver Creek Business Park are priced well below Richmond Hill's citywide average for residential properties. This makes the area one of the most accessible entry points in the municipality.

Source: MLS listing data aggregated from TRREB-licensed platforms. Figures are approximate and reflect general market conditions as of early 2026. Always verify current pricing with a licensed agent.

By comparison, Richmond Hill's average home price across all property types typically exceeds $1.2 million. The Beaver Creek condo corridor represents a significant discount, which is why it attracts first-time buyers and investors who want a Richmond Hill address without the seven-figure price tag.

The Grand Parkway buildings tend to offer lower per-square-foot costs and lower maintenance fees than Four Seasons Garden, reflecting their age. Four Seasons Garden commands a modest premium due to its newer construction, concierge services and updated finishes.

Why Condo Buyers Choose Beaver Creek

Highway Connectivity

Few condo locations in York Region can match this level of highway access. Highway 404 is reachable in minutes via Highway 7 eastbound. Highway 407 runs just south of Highway 7 and connects to the broader 400-series network. For buyers commuting to downtown Toronto, North York or other parts of the GTA, this location can shave significant time off a daily drive.

Walking Distance to Work

This is the defining advantage of buying a condo in Beaver Creek. With 614 businesses operating in the park, many residents literally walk to work. The professional, scientific and technical services sector alone accounts for nearly a quarter of businesses here. Tech companies, consulting firms and financial offices line the East Beaver Creek Road and Commerce Valley corridors. Living in one of these condo buildings and working in the adjacent business park eliminates the commute entirely.

Transit Access

The Viva Purple rapid transit line runs along Highway 7 with stops near East Beaver Creek Road. York Region Transit bus routes serve the neighbourhood, and Langstaff GO Station is a short drive west along Highway 7. For commuters heading into Toronto without a car, the GO train provides a direct line into Union Station.

Restaurants and Daily Services Within Walking Distance

The commercial nature of the area means everyday amenities are close. Restaurants, cafes, banks, medical clinics, fitness studios and retail plazas are concentrated along Highway 7 and Leslie Street. Nearby options include The Keg Steakhouse, Moxie's, Eggsmart and a variety of Asian restaurants. Grocery stores, pharmacies and professional services are all accessible within a short drive. Seneca College's Markham campus sits just across the Highway 7 bridge, adding post-secondary amenities to the immediate area.

Pricing Below Richmond Hill's Average

Condos in Beaver Creek are priced significantly below Richmond Hill's citywide average. While detached homes in nearby neighbourhoods like Bayview Hill or Oak Ridges often exceed $1.5 million, a condo in one of these three buildings can be purchased starting in the high $400,000s. That gap makes the corridor attractive for buyers entering the market or investors building a portfolio in York Region.

What Buyers Should Consider Before Purchasing

Beaver Creek Business Park works well for a certain type of buyer. But the lifestyle here is different from what you'll find in a traditional residential subdivision.

This is a commercial corridor. During weekday business hours, traffic along Highway 7 and Leslie Street can be heavy. The surrounding environment is offices, retail plazas and industrial space rather than parkland and residential streets. Buyers who want a quiet, tree-lined neighbourhood feel will likely prefer areas farther north like Doncrest, Oak Ridges or Mill Pond.

The two Grand Parkway buildings were completed in 2002 and 2003. While they've been well managed, older buildings naturally require more attention to reserve fund health, upcoming major repairs and special assessments. Reviewing the most recent status certificate carefully before purchasing is essential.

Maintenance fees across all three buildings range from roughly $500 to over $1,100 per month depending on unit size. Fees at Four Seasons Garden tend to run higher due to its concierge and more comprehensive amenity package. In the Grand Parkway buildings, larger units (especially the two-storey configurations) can carry monthly fees approaching $1,600.

Noise exposure is also a factor. Units facing Highway 7 or Highway 404 will experience road noise. Buyers should consider unit orientation and floor level when evaluating specific suites.

Who Typically Buys Condos Near Beaver Creek?

The buyer profile in Beaver Creek Business Park is distinct from many other Richmond Hill neighbourhoods. Based on demographic data, 48% of adult residents hold a bachelor's degree or higher and 71% have some form of post-secondary education. The professional, scientific and technical services industry is the most common employment sector among residents.

Common buyer types include young professionals working in the tech or consulting sectors nearby, first-time buyers looking for an affordable Richmond Hill address, investors attracted by steady rental demand from the surrounding employment base and downsizers transitioning from detached homes in the area who want to stay in the neighbourhood.

The area is also culturally diverse. Approximately 76% of residents are first-generation immigrants, representing 42 different ethnic origins. This diversity is reflected in the restaurant and retail landscape along Highway 7.

Families with children make up about 42% of households, though the condo buildings themselves tend to attract smaller household sizes. Buyers seeking school-focused neighbourhoods should know that nearby schools include Doncrest Public School, Red Maple Public School and Adrienne Clarkson Public School (a French Immersion school that ranks among the top elementary schools in Ontario based on EQAO scores). St. Mary Catholic Secondary School and Seneca College's Markham campus are also close by.

Long-Term Resale Considerations

When evaluating a condo purchase in Beaver Creek, building quality and management should carry significant weight in your decision.

Key factors to review include the condo corporation's financial statements, the reserve fund study and any history of special assessments. Both Grand Parkway buildings are now over 20 years old, which means major systems like elevators, roofing and HVAC may be approaching replacement timelines. A well-funded reserve with no history of special assessments is a strong indicator of good management.

Micro-location within the building also matters. Units with unobstructed views, south-facing exposure or quieter orientations away from Highway 7 tend to hold value better. The Grand Parkway buildings offer some units with clear skyline views to the west, which can command a premium.

Rental demand in the area tends to remain relatively stable because of the surrounding employment base. With thousands of jobs in the business park, units in these buildings can attract tenants who want to live close to work. This gives investors a built-in demand driver that many suburban condo locations don't offer.

If the proposed Casa on Beaver Creek project by OGO Development moves forward, new supply on Norman Bethune Avenue could affect resale dynamics. Additional inventory in a small condo market can shift pricing, so buyers should factor in preconstruction activity when assessing long-term value.

Step-by-Step Process for Buying a Condo in Beaver Creek

Step 1: Choose Your Building

Decide whether you prefer the lower maintenance fees and larger layouts of the Grand Parkway buildings or the newer construction and concierge services at Four Seasons Garden. Each building offers a different value proposition.

Step 2: Review Recent Sales Activity

Look at comparable sales within the same building over the past six to twelve months. Price per square foot, days on market and sale-to-list ratios will help you understand what units are actually trading for.

Step 3: Request and Review the Status Certificate

This is essential for any condo purchase. The status certificate will include the reserve fund study, current financial statements, insurance details, meeting minutes and any upcoming special assessments. Have your lawyer review this document before making an offer.

Step 4: Evaluate the Unit's Micro-Location

Consider floor level, exposure (north, south, east, west), proximity to elevators and noise from nearby roads. A well-positioned unit can make a significant difference in daily livability and long-term resale value.

Step 5: Make a Competitive Offer

Well-priced condos in Beaver Creek can attract multiple offers depending on inventory levels. Working with an agent who understands the building-level dynamics in this corridor will help you position your offer effectively.

Note: Pricing, market data and building details cited in this article reflect general market conditions in the Beaver Creek Business Park area of Richmond Hill as of early 2026. Condo fees, reserve fund health and unit availability change over time. Always consult with a licensed real estate professional for advice specific to your situation.