588 Edward Avenue 49 & 50, Richmond Hill, ON L4C 9Y6
Devonsleigh · L4C 9Y6
$1,399,900
$398 / sq ft3 months on market
- Bathrooms
- 2
- Total area
- 3,521 sf
What's special
- Outside/surface garage
- Yes
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
This property's sale history is hidden
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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.
- 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
- 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.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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