#7 561 Edward Avenue, Richmond Hill (Devonsleigh) - Business for Sale
#7 561 Edward Avenue, Richmond Hill (Devonsleigh), Ontario, L4C9W6
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
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.
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?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
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)
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Buying this business?
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Ask about acquisition financing →$2,495,000
Richmond Hill
