129 Lakeland Crescent, Richmond Hill, ON
Oak Ridges Lake Wilcox, Richmond Hill · MLS® N13621032
About this home
In short
- Your Clients will fall in-LOVE with this immaculate 5+2 large bedrooms & 6 Washrooms Lake Wilcox custom built Executive 2 story Detached Home.
- Coffered Ceiling throughout the house, New custom Entry Door with touch key pad code 2023 (NO KEYS NEEDED) New upper Laundry with PERMIT separate entrance SE 2025...
- New Furnace Aug 2025, New AC Aug 2025, New large Water Tank Aug 2025, New triple heavy duty sump pump with Marine backup alarm Sep 2025, New 4" pipe basement to Curb...
- 10" Ceiling on Main & Second Floor, 9" ceiling in Basement, feels like main floor & very bright with many windows.
Your Clients will fall in-LOVE with this immaculate *5+2 large bedrooms & 6 Washrooms* Lake Wilcox custom built Executive 2 story Detached Home. Welcome to Beautiful Lake Wilcox Community, This gorgeous house is 5 minutes walking distance to Lake Wilcox. Coffered Ceiling throughout the house, New custom Entry Door with touch key pad code 2023 (NO KEYS NEEDED) New upper Laundry with *PERMIT* separate entrance SE 2025, New Flooring extra wide Waterproof Laminate Sep 2025, New Kitchen with waterfall large center Island Oct 2025, new built In S/S Appliances Sep 2025, New basement Laundry room with new Washing machine & new Dryer Sep 2025, New Basement 8x11 Marble Slab wall Entertainment Sep 2025. New Furnace Aug 2025, New AC Aug 2025, New large Water Tank Aug 2025, New triple heavy duty sump pump with Marine backup alarm Sep 2025, New 4" pipe basement to Curb Sep 2025, ****THIS IS THE ONLY HOUSE ON LAKELAND CRES WITH CITY OF RICHMOND HILL VARIANCE ALLOWED AND CONNECTED TO CITY BASIN SYSTEM OCT 2025*** Absolutely amazing house with too many items to list, your family will make unforgettable memories in this 5+2 bedrooms. come visit and enjoy. 10" Ceiling on Main & Second Floor, 9" ceiling in Basement, feels like main floor & very bright with many windows.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13621032
- Bedrooms
- 5+2 (7 total)
- Bathrooms
- 6 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 50.04 × 104.09 ft
- Cross streets
- Yonge St & North Lake Rd
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Available, Private Triple
- Basement
- Apartment, Separate Entrance, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $8,413 / 2025
- Days on market
- 52
- Listing brokerage
- RE/MAX CROSSROADS REALTY INC.
Rooms
hardwood floor · coffered ceiling(s) · window
hardwood floor · crown moulding · semi ensuite
hardwood floor · breakfast bar · w/o to patio
hardwood floor · coffered ceiling(s) · walk-in closet(s)
hardwood floor · coffered ceiling(s) · double closet
marble floor · large window · linen closet
hardwood floor · coffered ceiling(s) · w/o to balcony
laminate · 4 pc ensuite · window
hardwood floor · fireplace · bay window
laminate · window
pot lights · b/i shelves
marble floor · centre island · window
hardwood floor · coffered ceiling(s) · crown moulding
laminate · double closet · window
ceramic floor · granite counters · w/o to yard
hardwood floor · coffered ceiling(s) · juliette balcony
Listed at $2,199,000. Recent sales of homes like it put this one around $1.98M, so the ask is about 11% above what similar homes have sold for.
If it sells at this ask, expect about $2.21M, typically $2.08M to $2.20M: that is where homes here have closed against their asks in the last 90 days (25 closings).
Longer on the market than typical. 52 days on the market against about 27 for homes like it here, and asking 11% above where comparable closings put it.
One thing to square: the homes for sale nearby are asking more than this one. My estimate is built on recent closings, and around here sellers have been asking more than buyers end up paying. So this can be the least expensive home on the street and still be priced ahead of where sales actually land.
Total price vs nearby homes. Fair value about $1.98M, learned from recent GTA sales.
The market behind the math:
About 0.6 months of inventory: 5 detached homes for sale in the area against 25 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $517/sqft against an area asking average of $1,006/sqft. Size and $/sqft both feed the estimate above.
- Separate-entrance basement apartment features. A finished 2 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 Oak Ridges Lake Wilcox: 20 of the 145 detached leases here lately were basement units, around $1,800 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.
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 11 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.74M. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
Schools & getting aroundcatchment and transit
Its public catchment (Richmond Green SS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($517/sqft) is below the area, so you are paying for extra space rather than a premium.
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 11 comparable homes that sold in Oak Ridges Lake Wilcox over the past two years, from 177 closings there.
For sale
For sale
For sale
For sale
For saleNothing 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 $1.98M, which is where my estimate comes from.
Per square foot, these ask about $1,006/sqft; this home lists at $517/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesNeighbourhood & location
Oak Ridges Lake Wilcox, 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: 2 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 $1,759,200 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $9,629
- Property tax
- $701
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $10,330
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $41,450
- Estimated closing costs
- $41,450
Plus your down payment of $439,800. 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
- $577,764
- Principal paid down
- $217,512
- Interest paid
- $360,252
- Balance remaining
- $1,541,688
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 Oak Ridges Lake Wilcox (20 of 145 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 6 whole-home leases in Oak Ridges Lake Wilcox signed at a median of $4,760 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,059. 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 CROSSROADS REALTY INC.. MLS®/PropTx.