$988,000

For saleJust listed

101 Old Colony Road, Richmond Hill (Oak Ridges Lake Wilcox) - Single Family for Sale

101 Old Colony Road, Richmond Hill (Oak Ridges Lake Wilcox), Ontario, L4E3X2

2 beds2 baths5 parking1,300 ft²39 × 110 ft (4,330 sq ft) lot sizeListed 2 days ago

Overview

This 2-bedroom, 2-bathroom home in Richmond Hill is for sale offering roughly 1,300 sq ft of space. Listed at $988,000, it is attractively priced about 31% below the $1,428,000 median asking price in Richmond Hill. It has been on the market 2 days, fresher than the Richmond Hill average of 45 days.

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Description

Rare opportunity in the highly sought-after Lake Wilcox community. This spacious detached bungalow offers the convenience of one-level living in one of Richmond Hill's most desirable neighbourhoods.Featuring 9-ft ceilings, hardwood and ceramic flooring, a bright and functional layout, and a large great room open to the kitchen, this home is ideal for both everyday living and entertaining. The well-designed floor plan includes 2 generous bedrooms, 2 bathrooms, main floor laundry with direct garage access, and a separate entrance to the unfinished basement, offering excellent potential for additional living space, an in-law suite, or future customization.Situated on a mature lot in a quiet, family-friendly neighbourhood, this home is just steps from Lake Wilcox, parks, trails, schools, community amenities, shopping, and transit.Whether you're looking to downsize, invest, or create your dream home in a prime location, this is a fantastic opportunity to own in the desirable Oak Ridges community. 2 hours notice on showing requests. (id:66096)

Property Details

MLS®: N14138432
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 5
Interior Size: 1,300 ft²
Lot Size: 39 × 110 ft (4,330 sq ft)
Frontage: 39 ft
Storeys: 1
Style: Bungalow
Basement: Partially finished, Full, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold

Rooms

Ground level

Foyer: 3.01 x 1.88 meters
Living room: 4.24 x 3.42 meters
Laundry room: 2.36 x 1.74 meters
Kitchen: 2.72 x 2.82 meters
Great room: 6.32 x 3.62 meters
Primary Bedroom: 4.54 x 3.36 meters
Bedroom 2: 3.42 x 2.92 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings, Garage door opener
Flooring: Hardwood, Ceramic
Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Richmond Hill (Oak Ridges Lake Wilcox) listings, avg age

45d

Price / ft²

$760

List price

$988K

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 97.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Richmond Hill (Oak Ridges Lake Wilcox) has been listed for 2 days, which is 43 days fresher than the city average of 45. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · MICHAEL VINCENT CRUPI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4E)

This home lists at $988,000, about 7.8× the local median household income of $127,000.

Carrying it typically needs a household income of about $192,991 (20% down, 25-yr amortization, stress-tested) — roughly 52% above the area median.

Median household income: $127,000
Population: 54,606
Median age: 40.4
Owner / renter: 87% / 13%
Avg. household size: 3.3

Source: Statistics Canada, 2021 Census (FSA L4E)

$988,000· $760/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.47% · $73,800

Min 7.47%50%

Mortgage payment$5,068/mo

↳ CMHC premium ($36,568 capitalized)

Property tax (est.)$420/mo

Total monthly$5,489

Cash Needed to Close

Down payment (7.47%)$73,800

Land transfer tax$16,235

Est. closing costs$5,464

Total cash needed$95,499

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