24 Palmette Drive, Richmond Hill, ON

$1,758,000
MLS#:N11974309
5 beds
4 baths
4.0 parking
Residential Freehold
24 Palmette Drive, Richmond Hill, ON L4E 5A4
⚠️

Property no longer active

This property was sold on March 31, 2025. This listing is for reference purposes only. to view the sold price.

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 $1,758,000 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 4 Bathrooms with 2 functional kitchens
  • Premium 36.12 x 92.68 ft lot size
  • Features a separate entrance, walk-up basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: In-Law Suite
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to this south-facing gem, ideally situated on a quiet crescent with no through traffic in the heart of Oak Ridges. Fully renovated from top to bottom, this home's open-concept main floor features gleaming hardwood floors and stainless steel appliances that seamlessly blend style with function and, new roof (2022). The primary suite boasts a newly remodelled ensuite with a double sink, frameless glass shower, and a freestanding tub, your own private spa oasis. Step outside to enjoy professionally landscaped front and back yards, perfect for outdoor gatherings or simply relaxing. Downstairs, a finished basement with a separate entrance and second kitchen offers limitless possibilities, whether for extended family, guests... Don't miss out on this exceptional property that perfectly combines comfort, style, and convenience. Book your showing today!

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Property Summary

This detached home located at 24 Palmette Drive, Richmond Hill is currently for sale and has been available on SousaSells for 537 days. This property is listed at $1,758,000 with an estimated mortgage of $5,852* per month. It has 5 beds, 4 bathrooms, and is unknown square feet. 24 Palmette Drive, Richmond Hill is in the Oak Ridges Lake Wilcox neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 5 bedrooms and 4 bathrooms, this home offers ample space and comfort for growing families in Oak Ridges Lake Wilcox, Richmond Hill.

Highly Recommended for Families
What We Love About This Home
  • 5 spacious bedroom layout offering versatile living space
  • 4 well-appointed bathrooms
  • Desirable Detached architecture in Oak Ridges Lake Wilcox, Richmond Hill
Standout Features & Layout
Who Should Buy This Home?

Growing families needing multi-bedroom flexibility and space in Oak Ridges Lake Wilcox, Richmond Hill.

Target Buyer Match

Key Features

Bedrooms
5
Bathrooms
4
Kitchens
2
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMarch 31, 2025
Sold price information is available to members only
Listed Date2/15/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementSeparate Entrance, Walk-Up
Lot Size36.12 × 92.68 Feet
CountyYork
Annual Tax$5,800
Legal DescriptionLot 189 Plan 65M3802

Parking & Garage

Parking Total4.0
Parking Space2
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

None listed

Interior Features

  • In-Law Suite

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 24 Palmette Drive, Richmond Hill, ON

Q.What is the asking price for 24 Palmette Drive, Richmond Hill, ON ?

The current listing price for 24 Palmette Drive, Richmond Hill, ON in Oak Ridges Lake Wilcox, Richmond Hill is $1,758,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 5 bedrooms and 4 bathrooms.

Q.What property type and architectural style is 24 Palmette Drive, Richmond Hill, ON ?

24 Palmette Drive, Richmond Hill, ON is a Detached (2-Storey) featuring a Separate Entrance, Walk-Up basement.

Q.What interior features are included in this home?

Interior highlights include: In-Law Suite.

Q.Is parking available at this property?

Yes, this property offers parking space for 4.0 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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Location

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24 Palmette 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 24 Palmette Drive, Richmond Hill, ON L4E 5A4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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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 Rate4.00%
Down Payment$527,400 (30.0%)
* Minimum Canadian down payment required for this price is $351,600.
Amortization Period30 Years
Estimated Monthly Payment$5,852Based on a loan of $1,230,600 over 30 years.
Purchase Price$1,758,000
Loan Amount$1,230,600
Provincial Land Transfer Tax:$31,635
Total Estimated Closing Taxes:$31,635

About Purchasing a Home in Richmond Hill, ON

For a property listed at $1,758,000 in Richmond Hill, the legal minimum down payment is $351,600 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 $31,635 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 $31,635.

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Oak Ridges Lake Wilcox, Richmond Hill 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$2,266,182

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%

Best Schools in Oak Ridges Lake Wilcox, Richmond Hill

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

No secondary schools data loaded.

Oak Ridges Lake Wilcox, Richmond Hill Demographic Home information

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.