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For saleMLS® N13702232

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

Devonsleigh · L4C 9W6

$2,495,000

$1,066 / sq ft

2 months on market

Bathrooms
3
Total area
2,340 sf
Lot
182.98 × 545.77 ft
Age
31-50 years

What's special

  • Reserved/assignd garage
  • Yes

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About this property

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.

Property details

Property

Property type
business
Bathrooms
3
Interior size
2,340 sq ft
Year built
31-50
Lot size
182.98 × 545.77 ft
Zoning
MC1
Possession
TBA

Interior

Heating
Baseboard
Cooling
Yes

Exterior & services

Garage
Reserved/Assignd
Sewer
Sanitary

Costs

List price
$2,495,000
Property taxes
$6,698 / year (2025)
Price per sq ft
$1,066

Listing

MLS® number
N13702232
Status
For sale
Listed
August 21, 2026
Days on market
75
Last updated
August 24, 2026
Listing brokerage
REMAX YOUR COMMUNITY REALTY

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 above most comparable listings — about 100% of comparable business for sale listings in Richmond Hill are asking less.

$29KMedian $198K$514K
This home
$1,066 / sq ft
Comparable median
$111 / sq ft

Based on 43 comparable active business for sale listings in Richmond Hill. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $499,000
$499,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$11,036.23
Property tax (est.)
$558.18
Estimated monthly
$11,594

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
$48,850
Total due on closing
$48,850

An estimate on the asking price of $2,495,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of REMAX YOUR COMMUNITY REALTY. 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.

$2,495,000

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