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Welcome to this remarkable 2-Storey att/row/townhouse located in the coveted neighborhood of Oak Ridges Lake Wilcox. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $959,000 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.
Spectacular Location! Spacious 2 Storey Townhouse Steps From Yonge Street! Open Concept Main Floor With 9' Smooth Ceiling, Family Size Kitchen W/Centre Island & Large Living Room W/Walk-Out To Private Backyard. Oak Staircase. Spacious Master Bedroom W/Seating Area, W/In Closet & 4 Pcs Ensuite. Convenience Direct Garage Access From Inside The House & Basement. Yonge St At The Corner W/All Benefits
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Data-driven valuation for 56 North Lake Road 16, Richmond Hill, ON L4E 0G5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Richmond Hill.
About Purchasing a Home in Richmond Hill, ON
For a property listed at $959,000 in Richmond Hill, the legal minimum down payment is $70,900 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 $15,655 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 $15,655.
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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.