82 Westwood Lane, Richmond Hill, ON
South Richvale, Richmond Hill · MLS® N13614044
About this home
In short
- Rarely does a property of this calibre come to market.
- Set on a rare 100 x 250 ft lot behind a sweeping cobblestone driveway, this exceptional 4+1 bedroom, 8 bathroom residence has been comprehensively renovated to the...
- The open concept main level is designed for both entertaining and everyday living, offering expansive principal rooms, floor to ceiling windows overlooking the...
- The elegant living room, complete with fireplace and herringbone flooring, provides a refined setting for intimate gatherings.
- The resort style backyard features an inground pool, outdoor lounge pavilion, basketball court, and beautifully landscaped grounds with multiple entertaining spaces.
Rarely does a property of this calibre come to market. Welcome to 82 Westwood Lane, a fully transformed estate in prestigious South Richvale. Set on a rare 100 x 250 ft lot behind a sweeping cobblestone driveway, this exceptional 4+1 bedroom, 8 bathroom residence has been comprehensively renovated to the highest luxury standards. The striking exterior features cut stone architecture, black framed glass garage doors, and a dramatic arched entrance with custom double doors and gold accents. Inside, a stunning foyer showcases polished porcelain floors, marble details, designer lighting, and a spectacular curved staircase framed by custom iron balusters and a dramatic two storey feature wall. The open concept main level is designed for both entertaining and everyday living, offering expansive principal rooms, floor to ceiling windows overlooking the private backyard retreat, and a striking marble feature wall with integrated media. The chef inspired kitchen boasts custom cabinetry, a waterfall quartz island, premium stainless steel appliances, gas range, and designer lighting. Formal and casual dining areas flow seamlessly for effortless hosting. The elegant living room, complete with fireplace and herringbone flooring, provides a refined setting for intimate gatherings. Upstairs, the luxurious primary suite offers a hotel inspired retreat with a dramatic feature wall, chandelier, sitting area, hardwood floors, and serene treetop views. The resort style backyard features an inground pool, outdoor lounge pavilion, basketball court, and beautifully landscaped grounds with multiple entertaining spaces. Additional highlights include a 6 car garage, parking for up to 16 vehicles, and a fully finished lower level with recreation space and catering kitchen. Ideally located near top ranked schools, premier golf and country clubs, fine dining, boutique shopping, and Yonge Street amenities. More than a renovation, this is a complete reinvention of luxury living.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13614044
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 8 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 100 × 250 ft
- Cross streets
- Yonge St & Westwood Lane
- Parking
- 6 garage · 16 parking (attached)
- Basement
- Separate Entrance, Full, Walk-Up, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $27,815 / 2025
- Days on market
- 54
- Listing brokerage
- RE/MAX EXPERTS
Rooms
hardwood floor · pot lights
Hardwood Floor
Hardwood Floor
porcelain floor · gas fireplace · pot lights
Hardwood Floor
Hardwood Floor
porcelain floor · quartz counter · b/i appliances
porcelain floor · open concept · b/i shelves
Hardwood Floor
Hardwood Floor
Listed at $6,988,800. Recent sales of homes like it put this home around $4.62M, so the ask is about 51% above them. A gap this wide is more often a limit of an automated comparison than a fact about the home, so treat the figure as a starting point, not a verdict.
Total price vs nearby homes. Fair value about $4.62M, learned from recent GTA sales.
The market behind the math:
About 5.3 months of inventory: 14 detached homes for sale in the area against 8 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,644/sqft against an area asking average of $1,394/sqft. Size and $/sqft both feed the estimate above.
- Separate-entrance basement apartment features. A finished 1 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in South Richvale: 18 of the 72 detached leases here lately were basement units, around $2,050 a month. That makes the suite real income, and comparable-sales math under-prices it, so read the estimate as a floor. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Richmond Hill.
- Inground pool. Priced into the comparison on the assumption it is clean and modern. A pool costs more to build than resale pays back, and condition is the in-person call.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 10 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $3.80M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
The 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.
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 10 comparable homes that sold in South Richvale over the past two years, from 91 closings there.
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 $1,151/sqft; this home lists at $1,644/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: 9 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 $5,591,040 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $30,604
- Property tax
- $2,318
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $32,922
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $161,195
- Estimated closing costs
- $161,195
Plus your down payment of $1,397,760. 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
- $1,836,235
- Principal paid down
- $691,291
- Interest paid
- $1,144,944
- Balance remaining
- $4,899,749
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 $6,210 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,730. 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 EXPERTS. MLS®/PropTx.