179 Douglas Road, Richmond Hill, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised 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 $1,950,000 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 2500-3000 sqft on a premium 50 x 302 ft lot
- Features a separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Rare opportunity in one of Richmond Hill's most prestigious Lake Wilcox neighborhoods. Nestledon an exceptional 50 x 300 ft lot and surrounded by multi-million-dollar estate homes, this meticulously maintained, original-owner bungalow offers over 2,500 sq.ft. of well-designed living space on a truly remarkable property. Featuring solid hardwood flooring throughout, spacious principal rooms, and timeless craftsmanship, this home presents endless possibilities for families, investors, and builders alike. The expansive backyard enjoys a unique setting with future road access planned through the adjoining development, enhancing both accessibility and long-term potential. Whether you choose to move in, renovate, build your dream estate, or explore future development opportunities, this is a rare landholding in a highly sought-after location. Potential future severance opportunities may exist, subject to municipal approvals. Steps to Lake Wilcox, parks, trails, top-rated schools, and all amenities, while offering the tranquility and prestige of estate-style living. Notably, the backyard will directly face a newly planned road through the future development, which creates a unique opportunity for potential severance and the possibility of developing the rear portion of the lot as a separate parcel, subject to municipal approvals.
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Pricing & Value Insights
Data-driven valuation for 179 Douglas Road, Richmond Hill, ON L4E 3H5
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $1,950,000 in Richmond Hill, the legal minimum down payment is $390,000 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 $35,475 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 $35,475.
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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.