116 OAK Avenue, Richmond Hill, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of South Richvale. Expertly crafted featuring premium stone and brick construction, this residence presents an exceptional opportunity offered at $5,500,000 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.
- 6 Bedrooms and 9 Bathrooms with 2 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 60 x 241 ft lot
- Features a finished with walk-out, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Sauna, Steam Room, In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Sleek & stunning contemporary masterpiece in prestigious South Richvale offering over 11,170 sq.ft. of luxurious living space, including approximately 6,400 sq.ft. above grade plus a spectacular 3,770 sq.ft. lower level. Designed with uncompromising attention to detail, this exceptional residence features 5+1 bedrooms, 9 designer washrooms, 12-ft ceilings on the main floor, 10-ft ceilings on the upper level, and 9.5-ft ceilings below grade. A dramatic 27-ft sun-filled central atrium with soaring ceilings and multiple skylights creates a breathtaking first impression. The custom open-rise Art Deco-inspired hardwood staircase with intricate railings anchors the homes refined architectural design. Heated tiled floors, zen-inspired clean lines, and expansive open-concept living spaces provide seamless elegance and comfort throughout. The chef-inspired kitchen w/ 'MIele' appliances is complemented by a fully equipped prep kitchen, premium cabinetry, and a striking stone waterfall centre island. The lavish primary retreat showcases a private balcony, "His & Hers" walk-through closets, and a spa-inspired 7-piece ensuite with steam shower and heated floors. The sprawling lower level is designed for ultimate entertaining and wellness with a home theatre, wine cellar, recreation room, games room, wet bar, nanny suite, and private gym with sauna and 3-piece bath. Additional luxury features include a 4-level elevator, heated driveway and walkways, Control4 automation, Sonos surround sound throughout, and automated window coverings. The resort-style backyard oasis features an oversized covered veranda, outdoor BBQ kitchen, pergola, spa jacuzzi, and a magnificent 20 x 40 ft saltwater inground pool.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Sauna, Steam Room, In-Law Suite, Atrium
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Location
Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 116 OAK Avenue, Richmond Hill, ON L4C 6R7
Based on 0 recent similar sales in the pocket.
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 $5,500,000 in Richmond Hill, the legal minimum down payment is $1,100,000 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 $123,975 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 $123,975.
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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.