haho.ca
$2,495,000
For sale

#7 561 Edward Avenue, Richmond Hill (Devonsleigh) - Business for Sale

#7 561 Edward Avenue, Richmond Hill (Devonsleigh), Ontario, L4C9W6

3 baths3 parking2,340 ft²Listed 75 days ago
Overview

This business in Richmond Hill is for sale offering roughly 2,340 sq ft of space.

Description

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. (id:66096)

Property Details

MLS®
N13702232
Property Type
Business
Business Type
Retail and Wholesale
Zoning
MC1
Bathrooms
3
Parking
3
Interior Size
2,340 ft²
Lot Size
183 × 546 ft (2.29 acres)
Frontage
182 ft
Heating
Baseboard heaters, Radiant heat, Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$6,698.16/yr
Listed
75 days ago

Services

Water
Municipal water
Sewer
Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market
75d
Richmond Hill (Devonsleigh) listings, avg age
59d
Price / ft²
$1,066
List price
$2.50M

Long Listed: 75 days on market, against an average age of 59 days across the listings currently for sale in this city

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 97.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This business in Richmond Hill (Devonsleigh) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Listed by REMAX YOUR COMMUNITY REALTY · MIKE ALIPOUR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4C)

This home lists at $2,495,000, about 29.0× the local median household income of $86,000.

Carrying it typically needs a household income of about $487,361 (20% down, 25-yr amortization, stress-tested) — roughly 467% above the area median.

Median household income
$86,000
Population
74,636
Median age
46
Owner / renter
70% / 30%
Avg. household size
2.6

Source: Statistics Canada, 2021 Census (FSA L4C)

$2,495,000· $1,066/ft²
For sale

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Financing

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$2,495,000

Richmond Hill

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