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For saleMLS® N13573294

588 Edward Avenue 49 & 50, Richmond Hill, ON L4C 9Y6

Devonsleigh · L4C 9Y6

$1,399,900

$398 / sq ft

3 months on market

Bathrooms
2
Total area
3,521 sf
0

What's special

  • Outside/surface garage
  • Yes

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About this property

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.

Property details

Property

Property type
office
Bathrooms
2
Interior size
3,521 sq ft
Zoning
MC1
Possession
November 2026

Interior

Heating
Gas Forced Air Closed
Cooling
Yes

Exterior & services

Garage
Outside/Surface
Sewer
Sanitary+Storm

Costs

List price
$1,399,900
Property taxes
$9,548 / year (2025)
Price per sq ft
$398

Listing

MLS® number
N13573294
Status
For sale
Listed
July 16, 2026
Days on market
111
Last updated
October 13, 2026
Listing brokerage
COLDWELL BANKER THE REAL ESTATE CENTRE

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 62% of comparable office listings in Richmond Hill are asking less.

$668KMedian $1.24M$2.37M
This home
$398 / sq ft
Comparable median
$566 / sq ft

Based on 13 comparable active office listings in Richmond Hill. These are asking prices, not sale prices.

Mortgage estimate

Down payment8.2% · minimum $114,990
$114,990
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$7,104.49
Property tax (est.)
$795.65
Estimated monthly
$7,900

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$24,473
Total due on closing
$24,473

An estimate on the asking price of $1,399,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of COLDWELL BANKER THE REAL ESTATE CENTRE. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$1,399,900

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