Salehian.com 647-325-5000

561 Edward Avenue 7

Devonsleigh, Richmond Hill, L4C 9W6

$2,495,000

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  • 3 bathrooms

Listed 60 days ago · MLS® N13702232

About this home

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.

Details

Type
Sale Of Business
Age
31-50 years
Lot
182.98 × 545.77 ft
Garage
Reserved/Assignd
Property tax
$6,698 (2025)
Neighbourhood
Devonsleigh
Municipality
Richmond Hill

Interior

Bathrooms
3 × bathroom

Heating, cooling and services

Heating
Baseboard
Air conditioning
Yes
Water and sewer
Sanitary
Utilities
Yes

Building and exterior

Age
31-50 years
Building area
2,340 Square Feet

More

Possession
TBA
Cross street
Edward Ave & Elgin Mills Rd. E
Business type
Woodworking

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Somewhat walkable

  • 🚆 Richmond Hill GO2.6 km

Within a 10-minute walk: 1 grocery store, 3 cafés and restaurants, 3 parks, 1 pharmacy. Nearest grocery: No Frills (1000 m). Nearest park: Skopit Park (700 m).

Schools nearby

Elementary

  • H. G. Bernard Public School
    EQAO: Gr 6 reading 87%, math 58%    9 min walk
  • Corpus Christi Catholic Elementary School Catholic
    EQAO: Gr 3 reading 85%, math 85%    11 min walk
  • Beverley Acres Public School
    EQAO: Gr 6 reading 97%, math 80%    17 min walk
  • Michaelle Jean Public School
    EQAO: math 91%    1.5 km

Secondary

  • Richmond Hill High School
    EQAO: Gr 9 math 81%, literacy test 96%    16 min walk
  • Our Lady Queen of the World Catholic Academy Catholic · Private
    EQAO: Gr 9 math 79%, literacy test 93%    1.6 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L4C

Owners / renters
70% / 30%
Median household income
$86,000
Average age
45
Children under 15
13%
Homes
49% detached, 30% high-rise
Commute by transit
10%
Population
74,636

Languages spoken most at home besides English: Iranian Persian 9.6%, Mandarin 6.2%, Yue (Cantonese) 4.3%, Russian 4%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for York Region police: 50 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To Union Station (downtown Toronto): 28 km. Transit times · Driving times

Noise 1 source nearby

  • 🚆 Rail line (CN Bala Subdivision)250 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by REMAX YOUR COMMUNITY REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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