118 Barnwood Drive, Richmond Hill, ON

$1,598,000
MLS#:N9011917
5 beds
5 baths
2000-2500 sqft
2.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Oak Ridges Lake Wilcox. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,598,000 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.

  • 5 Bedrooms and 5 Bathrooms with 2 functional kitchens
  • Generous living space spanning 2000-2500 sqft on a premium 27.9 x 91.92 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Centrally located close to all amenities, trails and parks in the sought-after community of Oak Ridges, 118 Barnwood offers everything a family is looking for. This stunning 4+1 bedroom, 4+1 bathroom home on a quiet court backs onto protected green space and is nestled between Bond Lake and Lake Wilcox! Step inside the large entryway and be welcomed by a thoughtful and open main floor layout, boasting hardwood flooring, pot lights and extra-large crown moulding throughout. Relish in the bright open concept kitchen that offers stainless steel appliances, a large butcher block, centre island and views of the cozy living room perfect for cooking family meals! The kitchen is combined with the breakfast area, complete with a walk-out to the beautiful backyard. Walk upstairs to the primary bedroom features serene forest views, a 5-piece ensuite and a walk-in closet as well as a double door closet. 3 additional bedrooms, a 4-piece main bathroom and a 3-piece semi-ensuite and conveniently located washer and dryer complete the second floor. The basement, which can be accessed through two entrances, is fully finished and offers a fantastic in-law suite opportunity with a kitchen, bedroom, 3-piece bathroom, living room and second laundry room. The pie-shaped, private, fully fenced yard includes a brand new pool and shaded pergola making it an outdoor oasis! This beautiful home is situated in the perfect location and is close to schools (such as highly rated Bond Lake Public School), transit, recreation centres, walking trails and so much more. This one wont last long

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Key Features

Bedrooms
5
Bathrooms
5
Kitchens
2
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 26, 2024
Sold price information is available to members only
Listed Date7/4/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFinished
Lot Size27.9 × 91.92 Feet
CountyYork
Annual Tax$5,690.81
Legal DescriptionPlan 65M3802

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Cul de Sac/Dead End, Fenced Yard, Greenbelt/Conservation, Lake/Pond, Rec./Commun.Centre, School

Interior Features

Central Vacuum

Security Features

Community Features

Location

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118 Barnwood Drive, 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 118 Barnwood Drive, Richmond Hill, ON L4E 5A2

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.

Market Trend
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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$319,600 (20.0%)
* Minimum Canadian down payment required for this price is $319,600.
Amortization Period25 Years
Estimated Monthly Payment$7,618Based on a loan of $1,278,400 over 25 years.
Purchase Price$1,598,000
Loan Amount$1,278,400
Provincial Land Transfer Tax:$28,435
Total Estimated Closing Taxes:$28,435

About Purchasing a Home in Richmond Hill, ON

For a property listed at $1,598,000 in Richmond Hill, the legal minimum down payment is $319,600 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 $28,435 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 $28,435.

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 Oak Ridges Lake Wilcox, Richmond Hill.

Verified Local Data
City Population202,022
City Median Age42.4 Yrs
City Ownership78% Owners
Avg Area List Price$1,738,710

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

Lake Wilcox
Public80 Wildwood Avenue, Wilcox Lake, Richmond Hill, Ontario, L4E 3B5
5.9
Our Lady of the Annunciation
Public30 Bayswater Avenue, Oak Ridges, Richmond Hill, Ontario, L4E 2L3
7.2
Académie de la Moraine
Public13200, Oak Ridges, Richmond Hill, Ontario, L4E 2T2
4.7
Bond Lake
PublicWilcox Lake, Richmond Hill, Ontario
8.6
Oak Ridges
Public160 Coon's Road, Oak Ridges, Richmond Hill, Ontario, L4E 2P7
6.1

Secondary Schools

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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.