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Listed 3 months ago

245 Lakeland Crescent

Oak Ridges Lake Wilcox, Richmond Hill

$2,749,000

Detached|2 1/2 Storey
4 | 3 | 4
About this home

Cottage Living in the City**This exquisite 2.5 storey waterfront property nestles on the pristine shores of Lake Wilcox, offering direct access to fishing, boating, and water sports. This lakeside property is just steps from Yonge Street, scenic walking trails, parks, and the community centre, it perfectly blends natural beauty with urban convenience.Featuring 4 plus 1 spacious bedrooms and 3 luxurious full bathrooms, this meticulously designed residence showcases timeless craftsmanship and elegant finishes throughout. Gleaming hardwood floors and a cozy gas fireplace grace every level, creating an inviting and warm ambiance. The lower level boasts a private office, a laundry room and a fully finished in law apartment, ideal for multigenerational living or hosting guests with privacy and style.The main floor impresses with a chef inspired kitchen featuring custom cabinetry, granite countertops, a double oven, and premium stainless steel appliances. The open concept dining and family areas maximize stunning lake views, inviting natural light to fill the space. Step outside to a lakeside deck with a remote controlled retractable screen and heater, perfect for year round entertaining.The expansive lower deck offers lounge seating, a gas fire table, and a bespoke outdoor bar designed for memorable gatherings and relaxing evenings. Professionally landscaped grounds with ambient lighting and a heated workshop complete this exceptional backyard oasis.Upstairs, retreat to the elegant master suite featuring a generous walk in closet and spa inspired ensuite with double vanity, walk in shower, and a luxurious soaker tub. Enjoy breathtaking panoramic lake views from your private upper deck, a perfect sanctuary to unwind.This rare waterfront property marries refined cottage charm with sophisticated city living, offering an unparalleled lifestyle of comfort, elegance, and unforgettable lakefront experiences.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$10,098
Lot Size45 ft x 160 ft
mls© NumberN13125234
Listed ByNEW WORLD 2000 REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$14,071
Property tax
$842
Heat allowance
$150
Housing costs
$15,062 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $549,800
25-yr amortization

Income needed

$463,000

gross annual household income

Payment at 4%
$11,568 / mo
Cash down
$549,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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