56 Winchester Lane, Richmond Hill, ON

$5,080,000
MLS#:N13155188
7 beds
8 baths
5000 + sqft
13.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of South Richvale. Expertly crafted featuring premium stucco (plaster) and stone construction, this residence presents an exceptional opportunity offered at $5,080,000 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.

  • 7 Bedrooms and 8 Bathrooms with 2 functional kitchens
  • Generous living space spanning 5000 + sqft on a premium 72.72 x 151.74 ft lot
  • Features a finished with walk-out, apartment, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 13.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: Air Exchanger, Auto Garage Door Remote, Built-In Oven
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome To 56 Winchester Lane - An Extraordinary Custom-Built Estate In The Heart Of Prestigious South Richvale, Richmond Hill's Most Coveted Luxury Enclave At Yonge & Hwy 7! A Rare Opportunity To Own Over 8,000 Sq Ft Of Exquisitely Crafted Living Space On A 72 x 151 Ft South-Facing Lot! | KEY HIGHLIGHTS: 6+1 Bedrooms | 8 Bathrooms | 3-Car Built-In Garage | Circular Driveway (13 Total Parking) | 1+1 Kitchens | Finished Walk-Out Basement With Apartment Potential | South-Facing Resort-Style Backyard | MAIN LEVEL: Grand limestone-floored foyer opens to a soaring cathedral living room with wrought-iron staircase. 10-ft ceilings throughout. Chef's dream kitchen with granite counters, premium cabinetry & breakfast area walk-out to deck. Formal dining room, family room overlooking pool, fully appointed home office with built-in bookcases - all with rich hardwood floors. | UPPER LEVEL: 9-ft ceilings throughout. Sumptuous primary suite with sitting room, his-and-hers walk-in closets & private terrace overlooking the backyard. Each additional bedroom features ensuite bath & ample closet space. | LOWER LEVEL: Finished walk-out with recreation room, media area & fitness zone. Second kitchen for in-law or nanny suite potential. | RESORT BACKYARD: Large inground pool with poolside cabana | Hot Tub | Outdoor Bar | Interlocked Patio & Manicured Gardens | South Exposure For Maximum Sun All Day! | PREMIUM INCLUSIONS: Sub-Zero Fridge | Viking 8-Burner Stove | Miele Oven, Dishwasher & Warmer | Sauna | EV Charger | Sprinkler System | Water Purifier & Treatment | Air Exchanger | All Custom Light Fixtures & Window Coverings. | LOCATION: Steps to top-ranked schools, parks, shopping & transit. Minutes to Hwy 404/407. A True Trophy Estate - Timeless Elegance Meets Modern Luxury. Don't Miss This Rare Gem!

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Key Features

Bedrooms
7
Bathrooms
8
Kitchens
2
Living Area
5000 + sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date5/21/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionStucco (Plaster), Stone
BasementFinished with Walk-Out, Apartment, Full
Lot Size72.72 × 151.74 Feet
CountyYork
Annual Tax$22,545.14
Legal DescriptionPt Lt 48, Pl 1984 (Vgn), Pt 2 65R28272 ; Richmond

Parking & Garage

Parking Spaces13.0
Garage Spaces10
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Electric Car Charger, Fenced Yard, Rec./Commun.Centre, Terraced, Wooded/Treed

Interior Features

Air Exchanger, Auto Garage Door Remote, Built-In Oven, Carpet Free, Countertop Range, Garburator, Guest Accommodations, Sauna, Sump Pump, Water Purifier, Water Heater, Water Treatment

Security Features

Alarm System, Monitored, Smoke Detector

Community Features

Location

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56 Winchester Lane, 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 56 Winchester Lane, Richmond Hill, ON L4C 6Y7

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.

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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$1,016,000 (20.0%)
* Minimum Canadian down payment required for this price is $1,016,000.
Amortization Period25 Years
Estimated Monthly Payment$24,218Based on a loan of $4,064,000 over 25 years.
Purchase Price$5,080,000
Loan Amount$4,064,000
Provincial Land Transfer Tax:$113,475
Total Estimated Closing Taxes:$113,475

About Purchasing a Home in Richmond Hill, ON

For a property listed at $5,080,000 in Richmond Hill, the legal minimum down payment is $1,016,000 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 $113,475 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 $113,475.

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 South Richvale, Richmond Hill.

Verified Local Data
City Population202,022
City Median Age42.4 Yrs
City Ownership78% Owners
Avg Area List Price$2,734,349

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

Charles Howitt
Public30 Pearson Avenue, Richmond Hill, Ontario, L4C 6T7
7.6
St Charles Garnier
Public16 Castle Rock Drive, Richmond Hill, Ontario, L4C 5H5
9.3
Red Maple
Public155 Red Maple Road, Richmond Hill, Ontario, L4B 4P9
6.7
Sixteenth Avenue
Public400 16th Avenue, Richmond Hill, Ontario, L4C 7A9
6.5
St Anne
Public105 Don Head Village Boulevard, Richmond Hill, Ontario, L4C 7N1
6.8

Secondary Schools

Langstaff
Public106 Garden Avenue, Richmond Hill, Ontario, L4C 6M1
5.2
Richmond Hill
Public189 Weldrick Road East, Richmond Hill, Ontario, L4C 0A6
8.3
Alexander MacKenzie
Public300 Major MacKenzie Drive West, Richmond Hill, Ontario, L4C 3S3
8.5
Norval-Morrisseau
Public51 Wright Street, Richmond Hill, Ontario, L4C 4A1
8.3

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.