561 Edward Avenue 7, Richmond Hill

$2,495,000
561 Edward Avenue 7

$2,495,000

New
63d
Sale Of Business

561 Edward Avenue 7, Richmond Hill

Total Monthly Obligation $10,997

Beds
0
Baths
3
Park
3
DOM
63d
Property Type-Sale Of Business
MLS® Number-N13702232
Beds-0
Bathrooms-3
Lot Size-182.98 × 545.77 ft
Listed on site-Aug 21, 2026
Building Type-Sale Of Business
Age-31-50
Taxes-$6,698.16 (2025)
Parking-Reserved/Assignd
Heating-Baseboard
Brokerage-REMAX YOUR COMMUNITY REALTY
Cooling-Yes
Fireplace-No
Pool-None
Sewer-Sanitary
Possession-TBA
Neighbourhood-Devonsleigh
Title-Commercial

No agent assigned

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.

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Closing Costs

Mortgage Amount
$1,996,000
Land Transfer Taxes$48,850
Legal Fees (Est.)
$
Total cash required for closing$549,350

Total Monthly Obligation

$10,997/mo
Mortgage $10,064
Monthly Loss $8,349
Principal$2,648
Interest$7,416
Property Tax$558
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 561 Edward Avenue 7

Time

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