$1,099,888

For sale

112 Lake Avenue, Richmond Hill (Oak Ridges Lake Wilcox) - Single Family for Sale

112 Lake Avenue, Richmond Hill (Oak Ridges Lake Wilcox), Ontario, L4E3G6

4 beds4 baths3 parking1,750 ft²23 × 71 ft (1,616 sq ft) lot sizeListed 11 days ago

Overview

This 4-bedroom, 4-bathroom home in Richmond Hill is for sale offering roughly 1,750 sq ft of space. Listed at $1,099,888, it is attractively priced about 23% below the $1,428,000 median asking price in Richmond Hill. It has been on the market 11 days, fresher than the Richmond Hill average of 45 days.

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Description

Welcome to 112 Lake Ave, a beautifully appointed executive freehold townhome in the highly sought-after Oak Ridges community of Richmond Hill. Surrounded by multi-million dollar homes. This spacious 4-bedroom, 4-bathroom home features a bright open-concept layout, generous living spaces, upgraded hardwood flooring, crown moulding, 9ft ceiling height on main & 2nd floors, and a spacious chef-inspired kitchen with a large custom island ideal for everyday living and entertaining. Features a low maintenance backyard with a BBQ gas line. Enjoy an exceptional location just steps from Lake Wilcox, offering easy access to nature and recreational opportunities, while Yonge St, Ozark Community Park, Oak Ridges Community Centre, public transit, Hwy 404, shops, restaurants, and everyday amenities are all conveniently nearby.The versatile ground-floor bedroom features a spa-inspired ensuite bathroom and separate rear entrance, offering excellent potential for an in-law suite, multi-generational living, or private teen retreat. A unique opportunity for buyers with potential extra income possibilities. Don't miss this exceptional opportunity in Oak Ridges! (id:66096)

Property Details

MLS®: N14113292
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 4
Half Baths: 1
Parking: 3
Interior Size: 1,750 ft²
Lot Size: 23 × 71 ft (1,616 sq ft)
Frontage: 23 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $4,481/yr

Rooms

Main level

Living room: 5.46 x 3.29 meters
Dining room: 5.46 x 3.29 meters
Kitchen: 4.47 x 3.37 meters

Second level

Primary Bedroom: 4.14 x 3.43 meters
Bedroom 2: 3.19 x 2.85 meters
Bedroom 3: 3.38 x 3.26 meters

Ground level

Bedroom: 6.79 x 3.12 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, Gas stove(s), Dishwasher, Dryer, Garage door opener, Garage door opener remote(s)
Flooring: Hardwood, Carpeted, Ceramic
Foundation: Poured Concrete
Exterior: Brick, Stucco

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

11d

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

45d

Price / ft²

$629

List price

$1.10M

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 4-bed single family in Richmond Hill (Oak Ridges Lake Wilcox) has been listed for 11 days, which is 34 days fresher than the city average of 45. Act while there is still low competition.

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Listed by RE/MAX WEST REALTY INC. · RICHARD JASON WILLIAMS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4E)

This home lists at $1,099,888, about 8.7× the local median household income of $127,000.

Carrying it typically needs a household income of about $214,847 (20% down, 25-yr amortization, stress-tested) — roughly 69% 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)

$1,099,888· $629/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.73% · $84,988.80

Min 7.73%50%

Mortgage payment$5,627/mo

↳ CMHC premium ($40,596 capitalized)

Property tax (est.)$373/mo

Total monthly$6,000

Cash Needed to Close

Down payment (7.73%)$84,989

Land transfer tax$18,473

Est. closing costs$5,800

Total cash needed$109,262

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