56 Winchester Lane, Richmond Hill, ON
South Richvale, Richmond Hill · MLS® N13751732
About this home
In short
- An Exceptional Custom-Built Estate Offering Unrivaled Scale, Prime Land & Timeless Architecture In The Heart Of Prestigious South Richvale, Richmond Hill's Most...
- Situated On A Premier 72 x 151 Ft South-Facing Lot, This Grand Residence Offers Over 8,000 Sq Ft Of Total Living Space With Solid Architectural Bones & Unmatched...
- 10-Ft Ceilings Throughout.
- Formal Dining Rm, Family Rm Overlooking Pool, Fully Appointed Home Office With Built-In Bookcases - All With Rich Hardwood Floors. | UPPER LEVEL: 9-Ft Ceilings...
- Second Kitchen For In-Law Or Nanny Suite Potential. | RESORT-STYLE BACKYARD: Large Inground Pool With Poolside Cabana | Hot Tub | Outdoor Bar | Interlocked Patio &...
An Exceptional Custom-Built Estate Offering Unrivaled Scale, Prime Land & Timeless Architecture In The Heart Of Prestigious South Richvale, Richmond Hill's Most Coveted Luxury Enclave! Situated On A Premier 72 x 151 Ft South-Facing Lot, This Grand Residence Offers Over 8,000 Sq Ft Of Total Living Space With Solid Architectural Bones & Unmatched Dimensions - A Rare Canvas For Buyers To Personalize Finishes & Build Substantial Equity. | KEY HIGHLIGHTS: 6+1 Bedrooms | 8 Bathrooms | 3-Car Built-In Garage | Circular Driveway (13 Total Parking) | 1+1 Kitchens | Finished Walk-Out Basement With Apartment| South-Facing Resort-Style Backyard | MAIN LEVEL: Grand Limestone-Floored Foyer Opens To A Soaring Cathedral Living Room With Wrought-Iron Staircase. 10-Ft Ceilings Throughout. Chef's Kitchen With Granite Counters, Premium Cabinetry & Breakfast Area Walk-Out To Deck. Formal Dining Rm, Family Rm Overlooking Pool, Fully Appointed Home Office With Built-In Bookcases - All With Rich Hardwood Floors. | UPPER LEVEL: 9-Ft Ceilings Throughout. Sumptuous Primary Suite With Sitting Room, His-And-Hers Walk-In Closets & Private Terrace Overlooking The Backyard. Each Additional Bedroom Features Ensuite Bath & Ample Closet Space. | LOWER LEVEL: Finished Walk-Out With Recreation Room, Media Area & Fitness Zone. Second Kitchen For In-Law Or Nanny Suite Potential. | RESORT-STYLE BACKYARD: Large Inground Pool With Poolside Cabana | Hot Tub | Outdoor Bar | Interlocked Patio & Manicured Gardens | South Exposure For All-Day Sun! | PREMIUM INCLUSIONS: Sub-Zero Fridge | Viking 8-Burner Stove | Miele Oven, Dishwasher & Warmer | Sauna | EV Charger | Sprinkler System | Water Purifier & Treatment | Air Exchanger. | THE OPPORTUNITY: A Rare Chance To Acquire Grand Architectural Volume, A Massive South-Facing Lot & A Premium South Richvale Address At An Exceptional Value. | LOCATION: Steps To Top-Ranked Schools, Parks & Transit, Minutes To Yonge St, Hwy 404/407 & Golf Clubs.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13751732
- Bedrooms
- 6+1 (7 total)
- Bathrooms
- 8 (2 half)
- Size
- 5,000 sq ft
- Lot
- 72.72 × 151.74 ft
- Cross streets
- Yonge / Hwy 7
- Parking
- 3 garage · 13 parking (built-in)
- Driveway
- Circular Drive
- Basement
- Finished with Walk-Out, Apartment, Full
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster), Stone
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $22,545 / 2026
- Days on market
- 12
- Listing brokerage
- BAY STREET GROUP INC.
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
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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 $1,036/sqft; this home lists at $918/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 $3,670,400 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $20,091
- Property tax
- $1,879
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $21,970
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $101,175
- Estimated closing costs
- $101,175
Plus your down payment of $917,600. 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
- $1,205,449
- Principal paid down
- $453,818
- Interest paid
- $751,632
- Balance remaining
- $3,216,582
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 5 whole-home leases in South Richvale signed at a median of $7,869 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $8,355. 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 BAY STREET GROUP INC.. MLS®/PropTx.