106 Wood Rim Drive, Richmond Hill, ON
Oak Ridges Lake Wilcox, Richmond Hill · MLS® N13776780
About this home
In short
- Premium Lot With Unobstructed Ravine Views And Direct Access To Nature And Scenic Trails In Sought-After Oak Ridges / Lake Wilcox.
- Bright Kitchen Features Breakfast Area, Freshly Painted Cabinet Doors (2026), New Dishwasher (2026) And Walk-Out To Professionally Landscaped Backyard Overlooking The...
- Both Second-Floor Bathrooms Renovated (2026).
- Extensive 2026 Improvements Include All New Windows Throughout, Nearly $50K Investment, Attic Insulation Top-Up, New Main-Floor Laundry, Electric Vehicle Charger...
- Finished Basement With Separate Entrance Features Full Kitchen, Bedroom, Full Bathroom, Large Rec Room, Separate Laundry And New Fridge (2026), Offering Excellent...
Ravine! Ravine! Ravine! Premium Lot With Unobstructed Ravine Views And Direct Access To Nature And Scenic Trails In Sought-After Oak Ridges / Lake Wilcox! This Beautiful 4-Bedroom Detached Home Offers Over 2,500 Sq Ft Above Grade And A Rare Cottage-Like Setting. Spacious Layout With 9-Ft Main-Floor Ceilings And Pot Lights. Bright Kitchen Features Breakfast Area, Freshly Painted Cabinet Doors (2026), New Dishwasher (2026) And Walk-Out To Professionally Landscaped Backyard Overlooking The Ravine. Backyard Interlock Professionally Power-Washed And Re-Sanded (2026). Upstairs Offers Generously Sized, Sun-Filled Bedrooms. Primary Suite Features Large Closets With Organizers And Renovated Ensuite. Both Second-Floor Bathrooms Renovated (2026). Extensive 2026 Improvements Include All New Windows Throughout, Nearly $50K Investment, Attic Insulation Top-Up, New Main-Floor Laundry, Electric Vehicle Charger, Basement Fridge And Freshly Painted Exterior Window Trim. Shingles Replaced (2020). 200-Amp Electrical Panel. Finished Basement With Separate Entrance Features Full Kitchen, Bedroom, Full Bathroom, Large Rec Room, Separate Laundry And New Fridge (2026), Offering Excellent In-Law Or Income Potential. Professionally Landscaped Front And Side Yards With Stone Interlock. Steps To Lake Wilcox, Parks, Scenic Trails And Community Centre. Close To Highly Rated Schools Including Richmond Green Secondary School And Cardinal Carter Catholic High School, An IB World School Offering The International Baccalaureate Program. A Must-See!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13776780
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 40.03 × 109.91 ft
- Cross streets
- YONGE & WORTHINGTON
- Parking
- 2 garage · 4 parking (built-in)
- Driveway
- Available
- Basement
- Apartment, Finished, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,803 / 2026
- Days on market
- 8
- Listing brokerage
- CENTURY 21 ATRIA REALTY INC.
Rooms
b/i closet · hardwood floor
open concept · hardwood floor · large window
combined w/living · pot lights
5 pc ensuite · overlooks ravine · walk-in closet(s)
Overlooks Ravine
Laminate
b/i closet · hardwood floor
Open Concept
overlooks ravine · ceramic floor
overlooks ravine · large window · fireplace
b/i closet · hardwood floor
Listed at $1,528,888. Recent sales of homes like it put this one around $1.38M, so the ask is about 11% above what similar homes have sold for.
If it sells at this ask, expect about $1.54M, typically $1.45M to $1.53M: that is where homes here have closed against their asks in the last 90 days (25 closings).
Total price vs nearby homes. Fair value about $1.38M, learned from recent GTA sales.
The market behind the math:
About 1.8 months of inventory: 15 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 $556/sqft against an area asking average of $606/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 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.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my 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 77 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.33M. 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- 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 ($556/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 77 comparable homes that sold in Oak Ridges Lake Wilcox over the past two years, from 177 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $519/sqft; this home lists at $556/sqft. Size is part of the price story, not just the sticker.
The 3 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 $1,223,110 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,695
- Property tax
- $567
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,262
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $27,053
- Estimated closing costs
- $27,053
Plus your down payment of $305,778. 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
- $401,699
- Principal paid down
- $151,229
- Interest paid
- $250,471
- Balance remaining
- $1,071,882
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 44 whole-home leases in Oak Ridges Lake Wilcox signed at a median of $4,095 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,421. 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 CENTURY 21 ATRIA REALTY INC.. MLS®/PropTx.