For saleMLS® N13702232

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

Devonsleigh, Richmond Hill · Near Edward Ave & Elgin Mills Rd. E · View map

$2,495,000
3Baths
2340Sq ft
Sale of businessType
Reserved/AssigndGarage
3 totalParking
$6,698/yrTaxes
$2,495,000
FreeholdNo monthly condo fee
Reserved/Assignd garage3 parking spaces in total
Lot 183 x 545.8 ftThe land comes with the home

About this home

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.

The home

Type
Sale of business
Square footage
2340 sq ft
Bathrooms
3
Lot size
183 x 545.8 ft
Approximate age
31-50 years

Ownership & fees

Ownership
Freehold
Monthly condo fee
None
Property management
Management Group
Security
Yes

Heating & cooling

Heating type
Baseboard
Air conditioning
Yes

Garage & parking

Garage
Reserved/Assignd
Driveway spaces
3
Total parking
3

Taxes & other

Property taxes
$6,698/yr
Tax year
2025
Occupancy
Owner
Possession
TBA
Cross street
Edward Ave & Elgin Mills Rd. E
Neighbourhood
Devonsleigh

More

MLS® number
N13702232

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Want to know something that isn’t listed?
Estimated monthly cost$10,622per month, all in
  • Mortgage
  • Property tax

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    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.

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    561 Edward Avenue, Richmond Hill, ON L4C 9W6

    Devonsleigh, Richmond Hill · Near Edward Ave & Elgin Mills Rd. E

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    Sold history

    Listing history for 561 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.

    Questions & answers

    Frequently asked questions about 7 - 561 Edward Avenue

    Answers come straight from this home’s MLS® listing.

    How much is 7 - 561 Edward Avenue listed for, and what would it cost each month?

    7 - 561 Edward Avenue is listed for $2,495,000. With 20% down ($499,000), the mortgage payment would be roughly $10,064 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $10,622 a month, all in. That figure is an illustration, not a quote.

    Is 7 - 561 Edward Avenue freehold or a condo, and is there a monthly fee?

    7 - 561 Edward Avenue is a sale of business 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 7 - 561 Edward Avenue have a garage and parking?

    Yes. The listing shows the garage as reserved/assignd. The driveway adds 3 spaces. In total the listing counts 3 parking spaces.

    What style of home is 7 - 561 Edward Avenue?

    7 - 561 Edward Avenue is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.

    How big is 7 - 561 Edward Avenue, and what is the lot size?

    The lot is listed as 183 x 545.8 ft.

    How is 7 - 561 Edward Avenue heated and cooled?

    Heating is baseboard. Cooling is yes.

    What are the property taxes for 7 - 561 Edward Avenue?

    Property taxes are $6,698 a year (2025), or about $558 a month.

    Where is 7 - 561 Edward Avenue?

    7 - 561 Edward Avenue is in the Devonsleigh community of Richmond Hill. The nearest main intersection is Edward Ave & Elgin Mills Rd. E. The postal code is L4C 9W6.

    Is 7 - 561 Edward Avenue still for sale?

    Yes. It is an active listing (MLS® N13702232). Listings here update from the board through the day and come down once a home sells.

    What are similar properties near 7 - 561 Edward Avenue asking?

    Similar properties for sale nearby right now include PIN#031092447 - 0 16TH Avenue at $2,500,000, 198 King Road at $2,425,000 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 561 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 7 - 561 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.

    *Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.

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