49 & 50 - 588 Edward Avenue, Richmond Hill, ON L4C 9Y6
Devonsleigh, Richmond Hill · Near Yonge St/Elgin St/Edward St · View map
About this home
Significant price improvement - Exceptional opportunity to acquire a professionally finished commercial office condominium totalling approximately 3,521 sq. ft. in one of Richmond Hill's established business parks. Comprised of Units 49 & 50, this turnkey space features a highly efficient layout including reception area, 5 private offices, room for 19 main-level workstations, mezzanine workspace, renovated staff kitchen, 2 washrooms, and 5 reserved parking space. Updated rooftop HVAC unit (2025) and 2 EV charging stations installed under approved Section 98 Agreement. Ideal for engineering, technology, financial services, professional offices, consulting firms, medical administration, and other office users seeking a move-in-ready facility. Excellent access to Highways 404 and 407, Highway 7 transit corridors, and surrounding business amenities. A rare opportunity to acquire a professionally improved office space without the cost and delays associated with a new buildout.
The home
- Type
- Office
- Square footage
- 3521 sq ft
- Bathrooms
- 2
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Yes
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Garage
- Outside/Surface
- Total parking
- None
Taxes & other
- Property taxes
- $9,548/yr
- Tax year
- 2025
- Occupancy
- Vacant
- Possession
- November 2026
- Cross street
- Yonge St/Elgin St/Edward St
- Neighbourhood
- Devonsleigh
More
- MLS® number
- N13573294
No matching details. Ask Will instead
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.
588 Edward Avenue, Richmond Hill, ON L4C 9Y6
Devonsleigh, Richmond Hill · Near Yonge St/Elgin St/Edward St
Get directionsWhat’s nearbySchools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 588 Edward Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 49 & 50 - 588 Edward Avenue
Answers come straight from this home’s MLS® listing.
How much is 49 & 50 - 588 Edward Avenue listed for, and what would it cost each month?
49 & 50 - 588 Edward Avenue is listed for $1,399,900. With 20% down ($279,980), the mortgage payment would be roughly $5,647 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $6,442 a month, all in. That figure is an illustration, not a quote.
Is 49 & 50 - 588 Edward Avenue freehold or a condo, and is there a monthly fee?
49 & 50 - 588 Edward Avenue is a office in Devonsleigh, 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 49 & 50 - 588 Edward Avenue have a garage and parking?
Yes. The listing shows the garage as outside/surface. The listing does not include a parking space.
What style of home is 49 & 50 - 588 Edward Avenue?
49 & 50 - 588 Edward Avenue is an office. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How is 49 & 50 - 588 Edward Avenue heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 49 & 50 - 588 Edward Avenue?
Property taxes are $9,548 a year (2025), or about $796 a month.
Where is 49 & 50 - 588 Edward Avenue?
49 & 50 - 588 Edward Avenue is in the Devonsleigh community of Richmond Hill. The nearest main intersection is Yonge St/Elgin St/Edward St. The postal code is L4C 9Y6.
Is 49 & 50 - 588 Edward Avenue still for sale?
Yes. It is an active listing (MLS® N13573294). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 49 & 50 - 588 Edward Avenue asking?
Similar properties for sale nearby right now include 4 - 565 Edward Avenue at $1,595,000, 14 - 636 Edward Avenue at $1,599,000 and 1 - 110 West Beaver Creek Road W at $1,499,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 588 Edward Avenue 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 49 & 50 - 588 Edward Avenue?
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 Devonsleigh, picked by style, size and price.
Commercial retail$1,595,0004 - 565 Edward Avenue, Richmond Hill2 bath · DevonsleighCourtesy of: RE/MAX REALTRON REALTY INC.View home →
Commercial retail$1,599,00014 - 636 Edward Avenue, Richmond Hill2 bath · DevonsleighCourtesy of: RE/MAX REALTRON REALTY INC.View home →
Office$1,499,0001 - 110 West Beaver Creek Road W, Richmond Hill2 bath · Beaver Creek Business ParkCourtesy of: CENTURY 21 ATRIA REALTY INC.View home →Courtesy of: COLDWELL BANKER THE REAL ESTATE CENTRE
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.