56 Sylvan Crescent, Richmond Hill, ON
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 aluminum siding construction, this residence presents an exceptional opportunity offered at $798,800 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 1100-1500 sqft on a premium 50 x 104 ft lot
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 7.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Other
- equipped with window unit(s) central cooling and highly efficient forced air heating via gas
Description
ATTENTION BUILDERS, INVESTORS & END USERS A RARE OPPORTUNITY! Discover an exceptional offering in one of Richmond Hill's most desirable locations, nestled in the heart of Oak Ridges near Lake Wilcox. This premium property features an impressive 50- foot frontage, presenting outstanding potential for end users, builders, or investors alike.Enjoy stunning partial lake views from the second floor and the convenience of being within walking distance to beautiful Lake Wilcox. Residents can take full advantage of the vibrant lifestyle and amenities at Lake Wilcox Park, including a canoe club, waterfront access, splash pad, and a variety of year-round recreational activities.An existing survey is available, adding further value and convenience for future planning.A truly rare opportunity to own in a prestigious lakeside community-offering lifestyle, location, and long-term potential all in one.
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Pricing & Value Insights
Data-driven valuation for 56 Sylvan Crescent, Richmond Hill, ON L4E 3A1
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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 $798,800 in Richmond Hill, the legal minimum down payment is $54,880 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 $12,451 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 $12,451.
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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.