3 Willowbank Avenue, Richmond Hill, ON
Oak Ridges Lake Wilcox, Richmond Hill · MLS® N13789090
About this home
In short
- Set directly on Lake Wilcox, 3 Willowbank Avenue was positioned with intention - principal rooms angled toward light and water rather than simply overlooking them.
- Over 2,700 sq. ft. unfold across a considered main floor - living and dining rooms with genuine presence, a kitchen and breakfast area that flow as one, and a family...
- Upstairs, 4 bedrooms include a primary suite, family room.
- 4th bedroom is used as an office and can easily be converted back to a bedroom.
Set directly on Lake Wilcox, 3 Willowbank Avenue was positioned with intention - principal rooms angled toward light and water rather than simply overlooking them. Mornings arrive through the sunroom, where the lake seems to extend the room. Evenings settle into the family room, where the fireplace and the view share the same quiet register. Over 2,700 sq. ft. unfold across a considered main floor - living and dining rooms with genuine presence, a kitchen and breakfast area that flow as one, and a family room built for gathering. Upstairs, 4 bedrooms include a primary suite, family room. 4th bedroom is used as an office and can easily be converted back to a bedroom. This is the Lake Wilcox lifestyle, understated: paddleboards at dawn, the trail at dusk, a community built around water over noise. For those entering a season calling for less clutter and more clarity, this home already understands the assignment. The right property doesn't just change the view. It changes the rhythm of your day.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13789090
- Bedrooms
- 4
- Bathrooms
- 3
- Size
- 2500-3000 sq ft
- Lot
- 70.01 × 107.05 ft
- Cross streets
- N Lake Rd & Willowbank Ave
- Parking
- 1 garage · 5 parking (built-in)
- Driveway
- Private Double
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stucco (Plaster)
- Foundation
- Slab
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $11,888 / 2026
- Days on market
- 5
- Listing brokerage
- EXP REALTY
Rooms
hardwood floor · combined w/sunroom · large window
ceramic floor · w/o to water
ceramic floor · w/o to water · overlook water
ceramic floor · pot lights · combined w/kitchen
hardwood floor · large window · separate room
hardwood floor · w/o to deck · open concept
hardwood floor · large window · east view
ceramic floor · electric fireplace · pot lights
hardwood floor · combined w/dining · large window
fireplace · fireplace · overlook water
hardwood floor · closet
centre island · b/i appliances · gas fireplace
hardwood floor · gas fireplace · large window
Ceramic Floor
hardwood floor · double closet
hardwood floor · large window · large closet
hardwood floor · ensuite bath · combined w/solarium
hardwood floor · walk-in closet(s) · 4 pc ensuite
hardwood floor · closet
Listed at $3,580,000. Recent sales of homes like it put this home around $1.78M, so the ask is about 101% above them. A gap this wide is more often a limit of an automated comparison than a fact about the home, so treat the figure as a starting point, not a verdict.
Total price vs nearby homes. Fair value about $1.78M, learned from recent GTA sales.
The market behind the math:
About 1.4 months of inventory: 12 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 $1,302/sqft against an area asking average of $605/sqft. Size and $/sqft both feed the estimate above.
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 90 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.76M. Condition and finishes remain an in-person call.
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.
Based on 90 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 $1.78M, which is where my estimate comes from.
Per square foot, these ask about $496/sqft; this home lists at $1,302/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: 1 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 $2,864,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $15,677
- Property tax
- $991
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $16,667
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $75,975
- Estimated closing costs
- $75,975
Plus your down payment of $716,000. 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
- $940,608
- Principal paid down
- $354,112
- Interest paid
- $586,495
- Balance remaining
- $2,509,888
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 58 whole-home leases in Oak Ridges Lake Wilcox signed at a median of $4,238 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,381. 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 EXP REALTY. MLS®/PropTx.