520 North Lake Road, Richmond Hill, ON
Property no longer active
This property was sold on January 24, 2026. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Oak Ridges Lake Wilcox. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $699,900 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.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 50 x 59.2 ft lot
- 2.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Other, Primary Bedroom - Main Floor
- Efficient baseboard heating via electric
Description
Opportunity awaits in one of Richmond Hill's most coveted communities. Whether you're a builder, investor, or visionary homeowner, this property offers a rare chance to create something truly special in the prestigious Lake Wilcox neighbourhood. Enjoy an unbeatable location just steps from Lake Wilcox Park, top-rated schools, the Oak Ridges Community Centre, walking trails and PRIVATE beach access. With the Bloomington GO Station only 6 minutes away and Hwy 404 just a 7-minute drive, commuting is a breeze. When the day is done, you are only moments from peace and tranquility. The existing structure holds no significant value and is being sold as-is, with no representations or warranties. This is an opportunity to start fresh and design your own custom masterpiece. Properties like this are becoming increasingly scarce. Secure your footprint in this thriving, prestigious pocket of Richmond Hill and bring your dream home to life at Lake Wilcox.
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Property Summary
This detached home located at 520 North Lake Road, Richmond Hill is currently for sale and has been available on SousaSells for 210 days. This property is listed at $699,900 with an estimated mortgage of $2,330* per month. It has 1 bed, 1 bathroom, and is 700-1100 square feet. 520 North Lake Road, 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.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Oak Ridges Lake Wilcox, Richmond Hill.
- •1 spacious bedroom layout offering versatile living space
- •1 well-appointed bathroom
- •700-1100 sqft of generous functional square footage
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Lake Access
- Public Transit
- Rec./Commun.Centre
- School
- Lake/Pond
- Park
Interior Features
- Other
- Primary Bedroom - Main Floor
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 520 North Lake Road, Richmond Hill, ON
Q.What is the asking price for 520 North Lake Road, Richmond Hill, ON ?
The current listing price for 520 North Lake Road, Richmond Hill, ON in Oak Ridges Lake Wilcox, Richmond Hill is $699,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 1 bedroom and 1 bathroom across approximately 700-1100 sqft.
Q.What property type and architectural style is 520 North Lake Road, Richmond Hill, ON ?
520 North Lake Road, Richmond Hill, ON is a Detached (1 1/2 Storey) featuring a None basement.
Q.What key property features does 520 North Lake Road, Richmond Hill, ON offer?
Key property features include: Lake Access, Public Transit, Rec./Commun.Centre, School, Lake/Pond, Park.
Q.What interior features are included in this home?
Interior highlights include: Other, Primary Bedroom - Main Floor.
Q.Is parking available at this property?
Yes, this property offers parking space for 2.0 vehicles (Built-In).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via None.
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Pricing & Value Insights
Data-driven valuation for 520 North Lake Road, Richmond Hill, ON L4E 3B2
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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 $699,900 in Richmond Hill, the legal minimum down payment is $44,990 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 $10,473 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 $10,473.
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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.