195 Lakeland Crescent, Richmond Hill, ON
Oak Ridges Lake Wilcox, Richmond Hill · MLS® N13637146
About this home
In short
- A rare find on beautiful Lake Wilcox.
- Minutes to highways, stores, parks and a community centre.
A rare find on beautiful Lake Wilcox. Walk out onto your oversized deck to a sandy beach. Property has two bunkies that are set up for guest. Minutes to highways, stores, parks and a community centre. Priced thousands less than anyone on the lake.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13637146
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 3
- Size
- 1100-1500 sq ft
- Lot
- 50 × 155 ft
- Cross streets
- North Lake Rd/Lakeland Cres
- Parking
- 5 parking
- Basement
- Crawl Space
- Heating
- Forced Air
- A/C
- Other
- Exterior
- Cedar
- Foundation
- Concrete Block
- Roof
- Metal
- Sewer
- Sewer
- Property tax
- $8,796 / 2026
- Days on market
- 72
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
b/i closet · above grade window · beamed ceilings
ceiling fan(s) · beamed ceilings · combined w/dining
bay window · ceiling fan(s) · laminate
b/i closet · overlooks frontyard
b/i closet · bay window · overlooks frontyard
Listed at $2,549,998. Going by how homes in Oak Ridges Lake Wilcox and the wider GTA have actually closed against their asking prices (about 99%, 16 local closings in 90 days), the likely sale price is near $2.53M, if it sells. A realistic range is $2.37M to $2.85M.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% below the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The usual reason is something the record cannot show: a rebuild, a second unit, or a lot or setting unlike the homes around it.
Longer on the market than typical. 72 days on the market against about 28 for homes like it here, and asking 93% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $2.53M, from 16 recent closings in this pocket.
The market behind the math:
About 7.5 months of inventory: 40 detached homes for sale in the area against 16 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,962/sqft against an area asking average of $805/sqft.
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 16 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.29M. Condition and finishes remain an in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Oak Ridges Lake Wilcox, so I widened the search to the surrounding area.
Based on 16 comparable homes that sold in Oak Ridges Lake Wilcox over the past two years, from 173 closings there.
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 $1.32M, which is where my estimate comes from.
Per square foot, these ask about $1,141/sqft; this home lists at $1,962/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Oak Ridges Lake Wilcox: $1.19M in August 2026, down 26% from a year ago, on 94 closings in 10 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.58M | 7 |
| November 2025 | $1.93M | 8 |
| December 2025 | $1.48M | 5 |
| January 2026 | $1.59M | 12 |
| February 2026 | $1.36M | 5 |
| March 2026 | $1.27M | 9 |
| May 2026 | $1.28M | 14 |
| June 2026 | $1.38M | 17 |
| July 2026 | $1.22M | 11 |
| August 2026 | $1.19M | 6 |
Neighbourhood & 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) →
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 16, 2026); conventional rates run a little higher.
Mortgage amount $2,039,998 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,280
- Property tax
- $733
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,013
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $50,225
- Estimated closing costs
- $50,225
Plus your down payment of $510,000. 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
- $676,770
- Principal paid down
- $249,250
- Interest paid
- $427,520
- Balance remaining
- $1,790,748
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
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 10 whole-home leases in Oak Ridges Lake Wilcox signed at a median of $3,257 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,895. 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 RIGHT AT HOME REALTY. MLS®/PropTx.