561 Edward Avenue, Unit 7, Richmond Hill, ON

$2,495,000
MLS#:N13702232
0 beds
3 baths
Commercial
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Added:Aug 21, 2026(13 days ago)
Updated:Aug 24, 2026(10 days ago)
Last Checked:10 minutes ago

Property Highlights

Welcome to this remarkable sale of business located in the coveted neighborhood of Devonsleigh. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,495,000 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 3 Bathrooms
  • Premium 182.98 x 545.77 ft lot size
  • Convenient reserved/assignd garage included
  • equipped with yes central cooling and highly efficient baseboard heating

Description

Exceptional opportunity to acquire Crown Global Holding Inc., a well-equipped custom cabinet manufacturing business offered together with its Richmond Hill property. This unique turnkey operation is ideal for an owner-operator, investor, cabinet manufacturer, millwork company, or entrepreneur looking to establish or expand a high-quality manufacturing operation with both the business and real estate included. The property and facility have benefited from several hundred thousand dollars in improvements, creating a professional and highly functional manufacturing environment. The sale includes a complete range of top-brand machinery and equipment for custom cabinet manufacturing, with many machines having very low working hours. The equipment has been carefully selected to provide a modern and efficient production setup. A major highlight is the professional spray booth equipped with a rooftop make-up air system, providing a specialized finishing environment that is difficult and costly to replicate. The operation also includes tens of thousands of dollars in professional tools and several thousand dollars of inventory, providing a substantial head start for the new owner. Everything is fully paid off, with no equipment financing, making this an attractive opportunity to acquire significant tangible assets without assuming equipment debt. This is truly a one-of-a-kind setup in Richmond Hill, combining a strategically located property with a fully equipped custom cabinet manufacturing facility and substantial capital improvements. The buyer can take advantage of an existing professional infrastructure rather than spending years and significant additional capital building a comparable operation from the ground up. Business, property, machinery, tools and inventory are being offered together. Confidentiality applies.

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Property Summary

This sale of business located at 561 Edward Avenue, Richmond Hill is currently for sale and has been available on zoozaa for 13 days. This property is listed at $2,495,000 with an estimated mortgage of $8,305* per month. It has 0 beds, 3 bathrooms, and is unknown square feet. 561 Edward Avenue, Richmond Hill is in the Devonsleigh 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 Devonsleigh, Richmond Hill.

Great for Small Household / Couples
What We Love About This Home
  • •3 well-appointed bathrooms
  • •Desirable Sale Of Business architecture in Devonsleigh, 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
3
Property Type
Commercial

Additional Details

StatusActive
AddedAug 21, 2026 (13 days ago)
UpdatedAug 24, 2026 (10 days ago)
Last Checked10 minutes ago
Transaction TypeFor Sale

Property Details

Property Sub-TypeSale Of Business
Lot Size182.98 × 545.77 Feet
CountyYork
Annual Tax$6,698.16
Legal DescriptionUNIT 7, LEVEL 1, YORK REGION CONDOMINIUM PLAN NO. 791 ; PT LTS 23, 24 & 25 PL 2766, PTS 1, 3, 4, 5,6, 7, 8, 9 & 13 65R14888, MORE FULLY DESCRIBED IN SCHEDULE 'A' OF DECLARATION LT744673 ; S/T RIGHT AS IN LT761830 ; RICHMOND HILL

Parking & Garage

Parking Space3
Garage TypeReserved/Assignd

Heating & Cooling

Heat TypeBaseboard
CoolingYes

Features

Property Features

None listed

Interior Features

None listed

Security Features

  • Yes

Community Features

  • Major Highway
  • Public Transit

Frequently Asked Questions about 561 Edward Avenue, Unit 7, Richmond Hill, ON

Q.What is the asking price for 561 Edward Avenue, Unit 7, Richmond Hill, ON ?

The current listing price for 561 Edward Avenue, Unit 7, Richmond Hill, ON in Devonsleigh, Richmond Hill is $2,495,000.

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

This property features null bedrooms and 3 bathrooms.

Q.What property type and architectural style is 561 Edward Avenue, Unit 7, Richmond Hill, ON ?

561 Edward Avenue, Unit 7, Richmond Hill, ON is a Sale Of Business () featuring a basement.

Q.What neighborhood and community amenities are nearby?

Community features and nearby amenities include: Major Highway, Public Transit.

Q.What security features are installed at 561 Edward Avenue, Unit 7, Richmond Hill, ON ?

Security features include: Yes.

Q.What heating and cooling systems are installed?

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

Location

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561 Edward Avenue, Unit 7, Richmond Hill, ON

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Neighborhood Safety Index

Neighborhood Safety & Crime Analytics

Devonsleigh, Richmond Hill

SAFETY RATING9.5 / 10
Low Incident Area
Total Annual Incidents43 incidents / yr
Average Per Month3.6 incidents / mo
Population Benchmark19,000 residents
Personal Safety
Very Low

8 assaults (42.1/100k)

Property Security
Low

9 B&E (47.4/100k)

Auto Theft Risk
Moderate

15 thefts (78.9/100k)

1-Year Trend
â–¼ 6%

Improving vs previous year

How Per-Capita Rate (Per 100,000 Residents) Is Calculated:

Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.

Source: York Regional Police (YRP) Open Data
Halton & GTHA Police Network

Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.

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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 561 Edward Avenue 7, Richmond Hill, ON L4C 9W6

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

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

Configure Loan Settings

Interest Rate4.00%
Down Payment$748,500 (30.0%)
* Minimum Canadian down payment required for this price is $499,000.
Amortization Period30 Years
Estimated Monthly Payment$8,305Based on a loan of $1,746,500 over 30 years.
Purchase Price$2,495,000
Loan Amount$1,746,500
Provincial Land Transfer Tax:$48,850
Total Estimated Closing Taxes:$48,850

About Purchasing a Home in Richmond Hill, ON

For a property listed at $2,495,000 in Richmond Hill, the legal minimum down payment is $499,000 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 $48,850 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 $48,850.

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Devonsleigh, Richmond Hill Neighborhood Guide

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

Verified Local Data
City Population202,022
City Median Age42.4 Yrs
City Ownership78% Owners
Avg Area List Price$1,197,746

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 Devonsleigh, Richmond Hill

Elementary Schools

H G Bernard
Public245 Bernard Avenue, Richmond Hill, Ontario, L4S 1E1
6.6
Corpus Christi
Public35 Squire Drive, Richmond Hill, Ontario, L4S 1C6
10.0
Crosby Heights
Public190 Neal Drive, Richmond Hill, Ontario, L4C 3K8
5.5
Trillium Woods
Public18 Alamo Heights Drive, Richmond Hill, Ontario, L4S 2P3
8.1
Silver Pines
Public112 Stave Crescent, Richmond Hill, Ontario, L4C 9J2
7.1

Secondary Schools

Jean Vanier
Public10475 Bayview Avenue, Richmond Hill, Ontario, L4C 3P2
7.9
Norval-Morrisseau
Public51 Wright Street, Richmond Hill, Ontario, L4C 4A1
8.3
Bayview
Public10077 Bayview Avenue, Richmond Hill, Ontario, L4C 2L4
9.2

Devonsleigh, Richmond Hill Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied78%
Rented22%

Need more details or a custom CMA?

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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.

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