561 Edward Ave #7 is a 3-bathroom business in Richmond Hill, listed for $2,495,000.
1Exceptional opportunity to acquire Crown Global Holding Inc., a well-equipped custom cabinet manufacturing business offered together with its Richmond Hill property.
2The sale includes a complete range of top-brand machinery and equipment for custom cabinet manufacturing, with many machines having very low working hours.
3The equipment has been carefully selected to provide a modern and efficient production setup.
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3 Bath Commercial Property in Richmond Hill
Unit 7 at 561 Edward Avenue
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.
Richmond Hill business priced at $2,495,000 — book a tour to see if it fits your search.
Inside 561 Edward Ave #7
Every detail from the listing, in one place.
Type
Business
Features & systems
Lot & land
Lot size (sqft)
99609.13
Listing & possession
Property class
Sale Of Business
561 Edward Ave #7 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N13702232$2,495,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 561 Edward Ave #7 Compares to the Richmond Hill Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.
How long is your commute?
From 561 Edward Ave #7. Typical times without traffic delays; transit times aren't available yet.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 561 Edward Ave #7
Homes for sale in Richmond Hill
Every active Richmond Hill MLS® listing, updated all day.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio98.8%On average, homes sold below asking.
Active listings1,213Homes for sale here right now.
Median vs prior 90 days+3.0%Compared with Apr 17 – Jul 16, 2026: prices up.
Based on 822 sales from Jul 16 – Oct 14, 2026 (571 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
561 Edward Ave #7 is listed at $2,495,000 (MLS® N13702232). Summitly updates the price as soon as the MLS® record changes.
Has the price of 561 Edward Ave #7 changed?
No — 561 Edward Ave #7 is still listed at its original asking price of $2,495,000.
How many bedrooms and bathrooms does 561 Edward Ave #7 have?
561 Edward Ave #7 has 3 bathrooms. It is a commercial property in Richmond Hill.
Is 561 Edward Ave #7 close to transit?
The nearest rapid-transit station is Richmond Hill GO Station (Richmond Hill GO), about 2.6 km in a straight line. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 561 Edward Ave #7 compare with other homes in Richmond Hill?
Its asking price of $2,495,000 is about 120% above the median sold price in Richmond Hill over the last 90 days, $1,133,400, across 822 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 561 Edward Ave #7 been sold before?
Summitly has no earlier MLS® sale or lease of 561 Edward Ave #7 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 561 Edward Ave #7?
561 Edward Ave #7 is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 561 Edward Ave #7 been on the market?
54 days — 561 Edward Ave #7 was listed on August 21, 2026.
What is the land transfer tax on 561 Edward Ave #7?
About $48,850 in Ontario land transfer tax at the asking price of $2,495,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 561 Edward Ave #7 or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 561 Edward Ave #7?
The listing for 561 Edward Ave #7 doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Richmond Hill.
When was 561 Edward Ave #7 built?
The listing for 561 Edward Ave #7 doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
