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Oak Ridges Lake Wilcox, Richmond Hill
$1,950,000
Rare opportunity in one of Richmond Hill's most prestigious Lake Wilcox neighborhoods. Nestledon an exceptional 50 x 300 ft lot and surrounded by multi-million-dollar estate homes, this meticulously maintained, original-owner bungalow offers over 2,500 sq.ft. of well-designed living space on a truly remarkable property. Featuring solid hardwood flooring throughout, spacious principal rooms, and timeless craftsmanship, this home presents endless possibilities for families, investors, and builders alike. The expansive backyard enjoys a unique setting with future road access planned through the adjoining development, enhancing both accessibility and long-term potential. Whether you choose to move in, renovate, build your dream estate, or explore future development opportunities, this is a rare landholding in a highly sought-after location. Potential future severance opportunities may exist, subject to municipal approvals. Steps to Lake Wilcox, parks, trails, top-rated schools, and all amenities, while offering the tranquility and prestige of estate-style living. Notably, the backyard will directly face a newly planned road through the future development, which creates a unique opportunity for potential severance and the possibility of developing the rear portion of the lot as a separate parcel, subject to municipal approvals.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 2500-3000 sq. ft. |
| Property Tax | $7,953 |
| Lot Size | 50 ft x 302 ft |
| mls© Number | N13450462 |
| Listed By | RE/MAX REALTRON REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $9,981
- Property tax
- $663
- Heat allowance
- $150
- Housing costs
- $10,794 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$332,000
gross annual household income
- Payment at 4%
- $8,206 / mo
- Cash down
- $390,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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