7 - 561 EDWARD AVENUE, Richmond Hill (Devonsleigh)

$2,495,000

For sale: Other

Other at 7 - 561 EDWARD AVENUE, Richmond Hill (Devonsleigh)
Property type
Sale Of Business
Bedrooms / bathrooms
3 bathrooms
MLS®
MLS® N13702232
Neighbourhood
Devonsleigh

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.

Sold data

Homes in Richmond Hill (Devonsleigh) — recent sold market

Homes in Richmond Hill (Devonsleigh) took a median of 26 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 51, across 533 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 58 days.

The median sale price was $1,128,800.

Homes sold for about 3.2% below asking on average, so there was room to negotiate.

About 24% of sales closed above the list price.

Around 16% of sellers reduced their price before finding a buyer.

Median days to sell
26
Median sale price
$1,128,800
Sale-to-list ratio
96.8%
Sold above asking
24%

Based on 533 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Richmond Hill (Devonsleigh)

Richmond Hill (Devonsleigh) has 43 Fraser Institute–rated schools (35 elementary and 8 secondary), averaging 7.5/10.

Rated schools
43
Elementary
35
Secondary
8
Average rating
7.5 / 10

Top-rated schools in Richmond Hill (Devonsleigh)

  • Corpus Christielementary, Richmond HillFraser rating 10.0/10
  • St. Therese of Lisieuxsecondary, Richmond HillFraser rating 10.0/10
  • Silver Streamelementary, Richmond HillFraser rating 9.3/10
  • St Charles Garnierelementary, Richmond HillFraser rating 9.3/10
  • Bayviewsecondary, Richmond HillFraser rating 9.2/10
  • Father Henri J M Nouwenelementary, Richmond HillFraser rating 9.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 7 - 561 EDWARD AVENUE