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 grand arrival begins with the heated driveway and heated walkways, setting the tone for the extraordinary luxury found throughout. A breathtaking 27-ft sun-filled central atrium with soaring ceilings and multiple skylights creates an unforgettable first impression, while the custom open-rise Art Deco-inspired hardwood staircase with intricate railings serves as the home's architectural centrepiece. Heated tiled floors, zen-inspired clean lines, and expansive open-concept living spaces blend warmth with sophisticated contemporary design. The chef-inspired kitchen showcases premium Miele appliances, a fully equipped prep kitchen, premium cabinetry, and a dramatic stone waterfall centre island. The lavish primary retreat features a private balcony, His & Hers walk-through closets, and a spa-inspired 7-piece ensuite complete with a steam shower and heated floors. Designed for exceptional entertaining and wellness, the sprawling lower level offers a home theatre, wine cellar, recreation room, games room, wet bar, nanny suite, and a private gym with sauna and 3-piece bath. Additional luxury features include a 4-level elevator, Control4 home automation, Sonos surround sound throughout, and automated window coverings. The spectacular resort-style backyard is an entertainer's dream, highlighted by an oversized covered veranda, outdoor BBQ kitchen, pergola, spa jacuzzi, and a magnificent 20 x 40 ft. saltwater inground pool, creating the ultimate private oasis for relaxing and entertaining in style.
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Property Summary
This detached home located at 116 OAK Avenue, Richmond Hill is currently for sale and has been available on SousaSells for 10 days. This property is listed at $5,500,000 with an estimated mortgage of $18,307* per month. It has 6 beds, 9 bathrooms, and is 5000 + square feet. 116 OAK Avenue, Richmond Hill is in the South Richvale neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 6 bedrooms and 9 bathrooms, this home offers ample space and comfort for growing families in South Richvale, Richmond Hill.
- •6 spacious bedroom layout offering versatile living space
- •9 well-appointed bathrooms
- •5000 + sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in South Richvale, Richmond Hill.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Sauna
- Steam Room
- In-Law Suite
- Atrium
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 116 OAK Avenue, Richmond Hill, ON
Q.What is the asking price for 116 OAK Avenue, Richmond Hill, ON ?
The current listing price for 116 OAK Avenue, Richmond Hill, ON in South Richvale, Richmond Hill is $5,500,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 6 bedrooms and 9 bathrooms across approximately 5000 + sqft.
Q.What property type and architectural style is 116 OAK Avenue, Richmond Hill, ON ?
116 OAK Avenue, Richmond Hill, ON is a Detached (2-Storey) featuring a Finished with Walk-Out, Finished basement.
Q.What interior features are included in this home?
Interior highlights include: Sauna, Steam Room, In-Law Suite, Atrium.
Q.Is parking available at this property?
Yes, this property offers parking space for 6.0 vehicles (Built-In).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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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.