48 Old Park Lane, Richmond Hill, ON
Bayview Hill, Richmond Hill · MLS® N12964190
About this home
In short
- Welcome to The Pinnacle at Old Park Lane... a landmark estate, set on almost one acre of lush grounds atop one of the highest natural elevations in Southern Ontario.
- Inside, expansive principal rooms are framed by soaring ceilings, intricate millwork, and sun-filled spaces that flow effortlessly for both entertaining and everyday...
- The chef's kitchen, fitted with bespoke cabinetry and professional-grade appliances, opens to the family room with sweeping views of the skyline beyond.
- The private quarters upstairs offer serenity and comfort, with a luxurious primary suite featuring a spa-inspired ensuite and walk-in dressing room.
- A sparkling in-ground pool, multiple terraces, and manicured gardens offer a sanctuary for both intimate evenings and grand celebrations, all set against breathtaking...
Welcome to The Pinnacle at Old Park Lane... a landmark estate, set on almost one acre of lush grounds atop one of the highest natural elevations in Southern Ontario.This is not just a home - it is a vision realized. Designed and built by a renowned builder as his own personal residence, every detail reflects uncompromising craftsmanship, timeless design, and enduring prestige.From the moment you arrive, the estate makes a statement. A grand circular motor court with a signature fountain creates an unforgettable first impression, setting the stage for the elegance that awaits within.Inside, expansive principal rooms are framed by soaring ceilings, intricate millwork, and sun-filled spaces that flow effortlessly for both entertaining and everyday living. The chef's kitchen, fitted with bespoke cabinetry and professional-grade appliances, opens to the family room with sweeping views of the skyline beyond.The private quarters upstairs offer serenity and comfort, with a luxurious primary suite featuring a spa-inspired ensuite and walk-in dressing room. Additional bedrooms provide generous space for family and guests alike.On the lower level, lifestyle continues with versatile areas for recreation, fitness, and relaxation-designed for modern living at its finest.Outdoors, The Pinnacle reveals its crown jewel: a resort-inspired retreat. A sparkling in-ground pool, multiple terraces, and manicured gardens offer a sanctuary for both intimate evenings and grand celebrations, all set against breathtaking vistas of the city skyline.Set on nearly one acre of beautifully landscaped land in one of Richmond Hill's most prestigious enclaves, The Pinnacle at Old Park Lane stands as a rare opportunity-a residence where setting, design, and lifestyle converge at the very highest level.This is elevated living.This... is The Pinnacle at Old Park Lane.A world of magnificence awaits.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N12964190
- Bedrooms
- 5+1 (6 total)
- Bathrooms
- 9 (3 half)
- Size
- 5,000 sq ft
- Lot
- 160 × 244 ft
- Cross streets
- Bayview/North Of 16
- Parking
- 4 garage · 14 parking (attached)
- Driveway
- Circular Drive
- Basement
- Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Other
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $36,483 / 2025
- Days on market
- 195
- Listing brokerage
- HAMMOND INTERNATIONAL PROPERTIES LIMITED
Rooms
marble fireplace · wainscoting · hardwood floor
w/o to terrace · skylight · hardwood floor
marble fireplace · panelled · b/i bookcase
wood stove · cathedral ceiling(s) · hot tub
w/o to terrace · overlooks garden · marble floor
combined w/solarium · wet bar · marble fireplace
This is a rare parcel: about 0.9 acres. Comparable-sales math works on size and bedrooms, and here the lot is what is being sold, so no automatic estimate is shown.
Considering this property? Request a written price read
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $5.94M, which is where my estimate comes from.
Per square foot, these ask about $821/sqft; this home lists at $1,198/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Richmond Hill: $1.44M in September 2026, down 4% from a year ago, on 948 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Richmond Hill as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.58M | 86 |
| November 2025 | $1.47M | 77 |
| December 2025 | $1.68M | 48 |
| January 2026 | $1.48M | 52 |
| February 2026 | $1.52M | 57 |
| March 2026 | $1.49M | 70 |
| April 2026 | $1.50M | 73 |
| May 2026 | $1.46M | 114 |
| June 2026 | $1.50M | 119 |
| July 2026 | $1.50M | 92 |
| August 2026 | $1.48M | 80 |
| September 2026 | $1.44M | 80 |
Neighbourhood & location
Bayview Hill, Richmond Hill, ON
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How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Richmond Hill.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $4,790,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $26,487
- Property tax
- $3,040
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $29,527
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $136,175
- Estimated closing costs
- $136,175
Plus your down payment of $1,197,600. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $1,589,217
- Principal paid down
- $585,298
- Interest paid
- $1,003,918
- Balance remaining
- $4,205,102
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
The suite is real income here: basements rent in Bayview Hill (9 of 53 recent detached leases were basement units, around $1,800 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,800 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 26 whole-home leases in Bayview Hill signed at a median of $5,282 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,159. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HAMMOND INTERNATIONAL PROPERTIES LIMITED. MLS®/PropTx.