555 Edward Avenue, Richmond Hill, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Devonsleigh. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $39,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 1 Bathroom
- Premium 25 x 50 ft lot size
- Convenient outside/surface garage included
- equipped with no central cooling and highly efficient baseboard heating
Description
Highly demanded industrial location with very rare availability for lease, this fully renovated 1,250 sq. ft. industrial warehouse offers an exceptional opportunity for business owners seeking a clean, functional, and professional space. The unit features a 14 ft high ceiling, one loading door, and extensive recent upgrades including new flooring, fresh paint, new lighting, drywall, washroom, window coverings, and a newly renovated office with pot lights and a large window. The current total rent is $2,125.55 per month including TMI and HST, utility not included, with flexible lease terms subject to landlord approval (Access Storage). The business is being sold due to seller relocation; equipment, inventory, and existing customer base are not included in the purchase price, although inventory may be purchased separately if the buyer wishes to continue the same type of business. The unit is suitable for businesses such as balloon or flower shops, event rental, photography studios, or operations requiring a small office with a large showroom or warehouse component; food-related businesses are not permitted, and any new business use must be approved by the landlord.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 555 Edward Avenue #10, Richmond Hill, ON L4C 5K6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $39,000 in Richmond Hill, the legal minimum down payment is $1,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $195 for this transaction. As this listing is in Richmond Hill (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $195.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.