23-56 North Lake Road, Richmond Hill, ON

Oak Ridges Lake Wilcox, Richmond Hill · MLS® N13786760

$968,800
For Sale
Listed 34 days agoNo offer date stated
3Bedrooms
3Bathrooms
1Garage · 3 parking
1500-2000Sq ft

About this home

In short

  • Welcome To This Beautifully Renovated Bright & Spacious Freehold Townhome, Ideally Situated In One Of Richmond Hill's Most Sought-After Neighbourhoods.
  • Designed With Modern Living In Mind, The Open-Concept Main Floor Features 9-Foot Smooth Ceilings, Hardwood Flooring And A Functional Layout Perfect For Both Everyday...
  • Upstairs, The Spacious Primary Bedroom Features A Walk-In Closet And A Private 3-Piece Ensuite.
  • The Finished Basement Provides Additional Living Space With A Large, Open Recreation Area-Ideal For A Family Room, Playroom, Home Gym Or Entertaining Space.
  • Enjoy An Exceptional Location Surrounded By Everyday Conveniences, Including Grocery Stores, Restaurants, Cafés, Top Rated Schools, A Community Centre With Pool...

Welcome To This Beautifully Renovated Bright & Spacious Freehold Townhome, Ideally Situated In One Of Richmond Hill's Most Sought-After Neighbourhoods. Designed With Modern Living In Mind, The Open-Concept Main Floor Features 9-Foot Smooth Ceilings, Hardwood Flooring And A Functional Layout Perfect For Both Everyday Living And Entertaining. The Kitchen Is Equipped With Stainless Steel Appliances, Quartz Countertops, Backsplash And Offers A Walk-Out To A Zero Maintenance Turf Backyard. No Mowing, Just Enjoy The Space. You Also Have Direct Access To The Garage And Basement From Within The Home, Along With A Second-Floor Laundry Room. Upstairs, The Spacious Primary Bedroom Features A Walk-In Closet And A Private 3-Piece Ensuite. The Finished Basement Provides Additional Living Space With A Large, Open Recreation Area-Ideal For A Family Room, Playroom, Home Gym Or Entertaining Space. Potential To Be Converted Into A Self-Contained Apartment With A Separate Entrance & Rough-In For A Kitchen. Enjoy An Exceptional Location Surrounded By Everyday Conveniences, Including Grocery Stores, Restaurants, Cafés, Top Rated Schools, A Community Centre With Pool Facilities, Transit And Scenic Walking Trails. Parks, Golf Courses And Beautiful Lake Wilcox Are Just Moments Away, While Gormley GO Station Is Approximately A 10-Minute Drive. A Fantastic Opportunity To Enjoy Comfortable Family Living In An Outstanding Richmond Hill Community!

Key facts

Property type
Townhouse, 2-Storey
MLS®
N13786760
Bedrooms
3
Bathrooms
3 (1 half)
Size
1500-2000 sq ft
Lot
17.06 × 110 ft
Cross streets
Yonge St / North Lake Rd
Parking
1 garage · 3 parking (attached)
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Stone
Foundation
Concrete
Roof
Shingles
Sewer
Sewer
Property tax
$4,127 / 2026
Days on market
34
Listing brokerage
RE/MAX REALTRON REALTY INC.

Rooms

Bedroom 3Second3.22 × 2.34 m

closet · large window

Bedroom 2Second3.01 × 1.44 m

closet · large window

Primary BedroomSecond7.47 × 3.21 m

walk-in closet(s) · pot lights · 3 pc ensuite

KitchenMain4.02 × 3.96 m

stainless steel appl · quartz counter · backsplash

RecreationBasement7.51 × 4.98 m

pot lights · laminate · open concept

Dining RoomMain4.02 × 3.96 m

combined w/kitchen · hardwood floor · open concept

Living RoomMain4.02 × 4.00 m

open concept · hardwood floor · w/o to yard

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read
What sellers nearby are askingCurrently listed nearby in Oak Ridges Lake Wilcox · asking prices
$993kavg asking

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 $567/sqft; this home lists at $554/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
969kThis home945k1.15M889kThis home vs active comparables

Neighbourhood & location

Oak Ridges Lake Wilcox, Richmond Hill, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Oak Ridges
$1.08M
Jefferson
$999K
Westbrook
$1.07M
Rural Richmond Hill
$1.10M
Rouge Woods
$1.00M

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

Affordability
$4,415/mo
$182KIncome needed
5.3×Price ÷ income
$1,019Weekly cost
$15,851Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

93%mortgage
Mortgage $4,415Property tax $344Total carry $4,759

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$4,285per month

Mortgage amount $775,040 · 4.49% over 25 years

$193,760Down payment (20.0%)
$775,040Loan before insurance
$0CMHC premium
$4,629Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,285
Property tax
$344
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$4,629

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$15,851
Estimated closing costs
$15,851

Plus your down payment of $193,760. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$5,187/monthPayment at the qualifying rate

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

$510,559Total interest paid
$1,285,599Total of all payments
Principal $775,040 Interest $510,559
YearPrincipalInterestBalance
1$17,296$34,128$757,744
2$18,081$33,343$739,664
3$18,902$32,522$720,762
4$19,760$31,664$701,002
5$20,657$30,767$680,344
6$21,595$29,829$658,749
7$22,576$28,848$636,174
8$23,601$27,823$612,573
9$24,672$26,752$587,901
10$25,792$25,631$562,108
11$26,964$24,460$535,145
12$28,188$23,236$506,957
13$29,468$21,956$477,489
14$30,806$20,618$446,684
15$32,204$19,220$414,479
16$33,666$17,757$380,813
17$35,195$16,229$345,618
18$36,793$14,631$308,825
19$38,464$12,960$270,361
20$40,210$11,214$230,151
21$42,036$9,388$188,115
22$43,944$7,480$144,171
23$45,940$5,484$98,231
24$48,025$3,399$50,206
25$50,206$1,218$0

At the end of your 5-year term

Total paid over the term
$257,120
Principal paid down
$94,696
Interest paid
$162,424
Balance remaining
$680,344

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.

Let's connect

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

Rental yield
Estimate$3,150/mo
$37,800Gross annual rent
2.9%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

3.9%
Gross yield
− Property tax $4,127− Insurance $1,400− Vacancy & upkeep $4,158Net operating income $28,115

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX REALTRON REALTY INC.. MLS®/PropTx.

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