438 Old Colony Road, Richmond Hill, ON

$1,288,800
MLS#:N10418140
4 beds
4 baths
5.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Oak Ridges Lake Wilcox. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,288,800 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 4 Bathrooms with 2 functional kitchens
  • Premium 21.75 x 98.36 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Absolutely Stunning Former Model Home. $$$ Spent On Upgrades. Welcoming Front W/ 4 Parking, Enclosed Porch. Exceptional Modern Kitchen, Granite Counter, Top Of The Line S/S Appl. High-End Outdoor Motorized Shutters W/Remote, Timer. Sensational Bsmt W/Kitchen, Game/Entertainment Room, B/I Movie/Sound System. Harvia Steam Sauna, Landscaped Extra Large Fenced Backyard. Oasis With Zen Den in Garden Shed, Fire Pit, Motorized Sunshade & Many More!

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Key Features

Bedrooms
4
Bathrooms
4
Kitchens
2
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 18, 2024
Sold price information is available to members only
Listed Date11/11/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFinished
Lot Size21.75 × 98.36 Feet
CountyYork
Annual Tax$5,750.51
Legal DescriptionPl 65M3802 Lt 63 Lot 63, Plan 65M 3802**

Parking & Garage

Parking Spaces5.0
Garage Spaces4
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Lake/Pond, Rec./Commun.Centre, School

Interior Features

None

Security Features

Community Features

Location

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438 Old Colony Road, Richmond Hill, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 438 Old Colony Road, Richmond Hill, ON L4E 5A5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Richmond Hill.

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Interest Rate5.25%
Down Payment$257,760 (20.0%)
* Minimum Canadian down payment required for this price is $257,760.
Amortization Period25 Years
Estimated Monthly Payment$6,144Based on a loan of $1,031,040 over 25 years.
Purchase Price$1,288,800
Loan Amount$1,031,040
Provincial Land Transfer Tax:$22,251
Total Estimated Closing Taxes:$22,251

About Purchasing a Home in Richmond Hill, ON

For a property listed at $1,288,800 in Richmond Hill, the legal minimum down payment is $257,760 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $22,251 for this transaction. As this listing is in Richmond Hill (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $22,251.

Nearby Listings

Distance:

No current listings found in Richmond Hill.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Oak Ridges Lake Wilcox, Richmond Hill.

Verified Local Data
City Population202,022
City Median Age42.4 Yrs
City Ownership78% Owners
Avg Area List Price$1,616,452

People & Families

Age Distribution

Household Composition

One-person households
18%
Families with children
50%
Couples without children
27%
Other households
5%

Top Ethnic Origins

Chinese30%
Iranian11%
Canadian8%
Italian7%

Local Schools Guide

Elementary Schools

Lake Wilcox
Public80 Wildwood Avenue, Wilcox Lake, Richmond Hill, Ontario, L4E 3B5
5.9
Our Lady of the Annunciation
Public30 Bayswater Avenue, Oak Ridges, Richmond Hill, Ontario, L4E 2L3
7.2
Académie de la Moraine
Public13200, Oak Ridges, Richmond Hill, Ontario, L4E 2T2
4.7
Bond Lake
PublicWilcox Lake, Richmond Hill, Ontario
8.6
Oak Ridges
Public160 Coon's Road, Oak Ridges, Richmond Hill, Ontario, L4E 2P7
6.1

Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied78%
Rented22%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.