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588 Edward Ave 3,521 SF Office Condo Unit Offered at $1,499,900 CAD in Richmond Hill, ON L4C 9Y6
Executive Summary
588 Edward Avenue is a multi-tenant commercial flex/industrial property located in Richmond Hill’s Devonsleigh area and zoned MC-1 (High Performance Commercial/Industrial Zone). The property was built in 1995 and contains a mix of office, light industrial, and commercial condominium units. Building features reported across the property include on-site parking, frontage along Edward Avenue, natural light throughout many units, mezzanine areas within select units, and a combination of dock-level and grade-level loading capabilities. The site is positioned within an established employment and business park area with access to regional transportation routes serving the Greater Toronto Area.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Owner User | No. Parking Spaces | 5 |
| Sale Type | Owner User |
| No. Parking Spaces | 5 |
Description
Client Remarks
Exceptional opportunity to acquire a professionally finished commercial office condominium totaling approximately 3,521 sq. ft. in one of Richmond Hill's established business parks. Comprised of Units 49 & 50, this turnkey space features a highly efficient layout including reception area, 5 private offices, room for 19 main-level workstations, mezzanine workspace, renovated staff kitchen, 2 washrooms, and 5 reserved parking space. Updated rooftop HVAC unit (2025) and 2 EV charging stations installed under approved Section 98 Agreement. Ideal for engineering, technology, financial services, professional offices, consulting firms, medical administration, and other office users seeking a move-in-ready facility. Excellent access to Highways 404 and 407, Highway 7 transit corridors, and surrounding business amenities. A rare opportunity to acquire a professionally improved office space without the cost and delays associated with a new buildout.
Exceptional opportunity to acquire a professionally finished commercial office condominium totaling approximately 3,521 sq. ft. in one of Richmond Hill's established business parks. Comprised of Units 49 & 50, this turnkey space features a highly efficient layout including reception area, 5 private offices, room for 19 main-level workstations, mezzanine workspace, renovated staff kitchen, 2 washrooms, and 5 reserved parking space. Updated rooftop HVAC unit (2025) and 2 EV charging stations installed under approved Section 98 Agreement. Ideal for engineering, technology, financial services, professional offices, consulting firms, medical administration, and other office users seeking a move-in-ready facility. Excellent access to Highways 404 and 407, Highway 7 transit corridors, and surrounding business amenities. A rare opportunity to acquire a professionally improved office space without the cost and delays associated with a new buildout.
Sale Notes
Exceptional opportunity to acquire a professionally finished commercial office condominium totaling approximately 3,521 sq. ft. in one of Richmond Hill's established business parks. Comprised of Units 49 & 50, this turnkey space features a highly efficient layout including reception area, 5 private offices, room for 19 main-level workstations, mezzanine workspace, renovated staff kitchen, 2 washrooms, and 5 reserved parking space. Updated rooftop HVAC unit (2025) and 2 EV charging stations installed under approved Section 98 Agreement. Ideal for engineering, technology, financial services, professional offices, consulting firms, medical administration, and other office users seeking a move-in-ready facility. Excellent access to Highways 404 and 407, Highway 7 transit corridors, and surrounding business amenities. A rare opportunity to acquire a professionally improved office space without the cost and delays associated with a new buildout.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 49-50 | 3,521 SF | Office | $1,499,900 CAD ($425.99 CAD/SF) | - |
Unit 49-50
| Unit Size |
| 3,521 SF |
| Condo Use |
| Office |
| Price |
| $1,499,900 CAD ($425.99 CAD/SF) |
| NOI |
| - |
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Unit 49-50
| Unit Size | 3,521 SF |
| Condo Use | Office |
| Price | $1,499,900 CAD ($425.99 CAD/SF) |
| NOI | - |
| Sale Type | Owner User |
| No. Parking Spaces | 5 |
| Description | |
| Client Remarks<br> Exceptional opportunity to acquire a professionally finished commercial office condominium totaling approximately 3,521 sq. ft. in one of Richmond Hill's established business parks. Comprised of Units 49 & 50, this turnkey space features a highly efficient layout including reception area, 5 private offices, room for 19 main-level workstations, mezzanine workspace, renovated staff kitchen, 2 washrooms, and 5 reserved parking space. Updated rooftop HVAC unit (2025) and 2 EV charging stations installed under approved Section 98 Agreement. Ideal for engineering, technology, financial services, professional offices, consulting firms, medical administration, and other office users seeking a move-in-ready facility. Excellent access to Highways 404 and 407, Highway 7 transit corridors, and surrounding business amenities. A rare opportunity to acquire a professionally improved office space without the cost and delays associated with a new buildout.</li></ul> | |
| Sale Notes | |
| Exceptional opportunity to acquire a professionally finished commercial office condominium totaling approximately 3,521 sq. ft. in one of Richmond Hill's established business parks. Comprised of Units 49 & 50, this turnkey space features a highly efficient layout including reception area, 5 private offices, room for 19 main-level workstations, mezzanine workspace, renovated staff kitchen, 2 washrooms, and 5 reserved parking space. Updated rooftop HVAC unit (2025) and 2 EV charging stations installed under approved Section 98 Agreement. Ideal for engineering, technology, financial services, professional offices, consulting firms, medical administration, and other office users seeking a move-in-ready facility. Excellent access to Highways 404 and 407, Highway 7 transit corridors, and surrounding business amenities. A rare opportunity to acquire a professionally improved office space without the cost and delays associated with a new buildout.</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- Air Conditioning
Utilities
- Gas - Natural
- Water - City
- Heating - Gas
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
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588 Edward Ave
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