56 Lakeland Crescent, Richmond Hill, ON
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Property Highlights
Welcome to this remarkable Sidesplit 3 detached located in the coveted neighborhood of Oak Ridges Lake Wilcox. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $1,250,000 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.
- 4 Bedrooms and 2 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 98.06 x 162.57 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 9.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Other
- Efficient forced air heating via gas
Description
Located just steps from Lake Wilcox, this side-split home sits on an exceptional 98x162 double-wide lot in one of the area's most desirable lakeside communities. Surrounded by mature greenery and backing onto a small creek, the property offers a rare combination of privacy, lot width, and redevelopment potential. The existing home features 3+1 bedrooms, 2 full bathrooms, a functional multi-level layout, main floor laundry, and direct access to the double car garage. Large windows throughout provide abundant natural light, while multiple walkouts connect seamlessly to the expansive backyard and outdoor living areas. For developers, investors, or builders, the oversized lot presents a unique opportunity in a high-demand location near Lake Wilcox, parks, schools, and amenities. Whether exploring future redevelopment possibilities, an addition, or simply capitalizing on the lot's scale and setting, this property offers outstanding long-term value in an established neighbourhood.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 56 Lakeland Crescent, Richmond Hill, ON L4E 2Z9
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $1,250,000 in Richmond Hill, the legal minimum down payment is $250,000 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 $21,475 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 $21,475.
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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.
