116 OAK Avenue, Richmond Hill, ON
South Richvale, Richmond Hill · MLS® N13607706
About this home
In short
- Sleek & stunning contemporary masterpiece in prestigious South Richvale offering over 11,170 sq.ft. of luxurious living space, including approximately 6,400 sq.ft....
- Designed with uncompromising attention to detail, this exceptional residence features 5+1 bedrooms, 9 designer washrooms, 12-ft ceilings on the main floor, 10-ft...
- A breathtaking 27-ft sun-filled central atrium with soaring ceilings and multiple skylights creates an unforgettable first impression, while the custom open-rise Art...
- The lavish primary retreat features a private balcony, His & Hers walk-through closets, and a spa-inspired 7-piece ensuite complete with a steam shower and heated floors.
- The spectacular resort-style backyard is an entertainer's dream, highlighted by an oversized covered veranda, outdoor BBQ kitchen, pergola, spa jacuzzi, and a...
Sleek & stunning contemporary masterpiece in prestigious South Richvale offering over 11,170 sq.ft. of luxurious living space, including approximately 6,400 sq.ft. above grade plus a spectacular 3,770 sq.ft. lower level. Designed with uncompromising attention to detail, this exceptional residence features 5+1 bedrooms, 9 designer washrooms, 12-ft ceilings on the main floor, 10-ft ceilings on the upper level, and 9.5-ft ceilings below grade. A grand arrival begins with the heated driveway and heated walkways, setting the tone for the extraordinary luxury found throughout. A breathtaking 27-ft sun-filled central atrium with soaring ceilings and multiple skylights creates an unforgettable first impression, while the custom open-rise Art Deco-inspired hardwood staircase with intricate railings serves as the home's architectural centrepiece. Heated tiled floors, zen-inspired clean lines, and expansive open-concept living spaces blend warmth with sophisticated contemporary design. The chef-inspired kitchen showcases premium Miele appliances, a fully equipped prep kitchen, premium cabinetry, and a dramatic stone waterfall centre island. The lavish primary retreat features a private balcony, His & Hers walk-through closets, and a spa-inspired 7-piece ensuite complete with a steam shower and heated floors. Designed for exceptional entertaining and wellness, the sprawling lower level offers a home theatre, wine cellar, recreation room, games room, wet bar, nanny suite, and a private gym with sauna and 3-piece bath. Additional luxury features include a 4-level elevator, Control4 home automation, Sonos surround sound throughout, and automated window coverings. The spectacular resort-style backyard is an entertainer's dream, highlighted by an oversized covered veranda, outdoor BBQ kitchen, pergola, spa jacuzzi, and a magnificent 20 x 40 ft. saltwater inground pool, creating the ultimate private oasis for relaxing and entertaining in style.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13607706
- Bedrooms
- 5+1 (6 total)
- Bathrooms
- 9 (2 half)
- Size
- 5,000 sq ft
- Lot
- 60 × 241 ft
- Cross streets
- YONGE/ 16TH/ Westwood Lane
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Private Double
- Basement
- Finished with Walk-Out, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Rolled
- Sewer
- Sewer
- Pool
- Inground, Other
- Property tax
- $23,592 / 2025
- Days on market
- 55
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Rooms
built-in speakers · hidden lights · formal rm
french doors · b/i bookcase · overlooks frontyard
4 pc ensuite · walk-in closet(s) · hardwood floor
4 pc ensuite · walk-in closet(s) · hardwood floor
cathedral ceiling(s) · open concept · floating stairs
3 pc ensuite · walk-in closet(s) · hardwood floor
7 pc ensuite · floor/ceil fireplace · w/o to terrace
open concept · walk through · hardwood floor
3 pc ensuite · sauna · glass doors
3 pc ensuite · walk-in closet(s) · hardwood floor
stone counters · centre island · hardwood floor
floor/ceil fireplace · combined w/dining · hardwood floor
3 pc ensuite · formal rm · closet
combined w/kitchen · overlooks pool · hardwood floor
w/o to pool · hot tub · b/i bar
This home is in the largest size bracket the board records (5,000 sq ft and up). Comparable-sales math compares homes by size, and too few homes this large sell nearby to compare it fairly, so no automatic estimate is shown. The largest homes in South Richvale (3,500 sq ft and up) have sold between $2.13M and $14.70M over the last two years (36 sales).
Considering this property? Request a written price readThe assigned public school is Charles Howitt PS. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $1,457/sqft; this home lists at $1,100/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
South Richvale, Richmond Hill, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 10 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.
Mortgage amount $4,400,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $24,084
- Property tax
- $1,966
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $26,050
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $123,975
- Estimated closing costs
- $123,975
Plus your down payment of $1,100,000. 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
- $1,445,068
- Principal paid down
- $544,027
- Interest paid
- $901,040
- Balance remaining
- $3,855,973
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 South Richvale (18 of 72 recent detached leases were basement units, around $2,050 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $2,050 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 8 whole-home leases in South Richvale signed at a median of $6,903 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $7,623. 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 RE/MAX REALTRON REALTY INC.. MLS®/PropTx.