173 Lakeland Crescent, Richmond Hill, ON
Oak Ridges Lake Wilcox, Richmond Hill · MLS® N13794006
About this home
In short
- Exceptional custom-built waterfront estate on the shores of Lake Wilcox, in the prestigious Oak Ridges community of Richmond Hill.
- Built to commercial-grade engineering standards, this one-of-a-kind home showcase ssoaring coffered ceilings, custom millwork, hardwood floors, premium granite and...
- The gourmet chef's kitchen feature stop-tier appliances, two oversized islands, a walk-in pantry, and a sun-filled breakfast area overlooking the pool and lake.
- The Great Room impresses with 14-foot ceilings, a custom gas fireplace, and breathtaking waterfront views, while the elegant living and dining rooms are designed for...
- Just steps to Lake Wilcox Park, canoe and kayak clubs, and Oak Ridges Moraine trails, with easy access to Bloomington GO Station and Highway 404.
Exceptional custom-built waterfront estate on the shores of Lake Wilcox, in the prestigious Oak Ridges community of Richmond Hill. Set on a rare 75-foot direct waterfront lot, this magnificent 4+1 bedroom, 7-bathroom residence offers over 8,500 sq. ft. of luxurious living space with unobstructed panoramic views of the largest kettle lake on the Oak Ridges Moraine. Built to commercial-grade engineering standards, this one-of-a-kind home showcase ssoaring coffered ceilings, custom millwork, hardwood floors, premium granite and porcelain finishes, and a built-in surround sound system throughout. The gourmet chef's kitchen feature stop-tier appliances, two oversized islands, a walk-in pantry, and a sun-filled breakfast area overlooking the pool and lake. The Great Room impresses with 14-foot ceilings, a custom gas fireplace, and breathtaking waterfront views, while the elegant living and dining rooms are designed for entertaining.The luxurious primary suite offers a private lakeside sitting area,fireplace, and a spa-inspired ensuite with a freestanding soaking tub overlooking the private backyard. The finished 2,500 sq. ft. walk-up lower level features a home theatre, custom wine cellar, wet bar, fitness room, indoor cedar sauna, and an additional bedroom. The professionally landscaped backyard is a private waterfront retreat featuring a heated salt waterpool, built-in hot tub, cabana, outdoor kitchen, gas fire pit, and direct lake access for boating, kayaking, paddle boarding, and winter skating.Just steps to Lake Wilcox Park, canoe and kayak clubs, and Oak Ridges Moraine trails, with easy access to Bloomington GO Station and Highway 404. 3-car garage with heated floors and automatic car lift accommodates four vehicles,plus a private driveway for six more, offering 10 parking spaces. A rare opportunity to own one of Richmond Hill's finest custom waterfront estates.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13794006
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 7 (3 half)
- Size
- 5,000 sq ft
- Lot
- 75.06 × 210.99 ft
- Cross streets
- Yonge St and King Rd
- Parking
- 4 garage · 10 parking (built-in)
- Driveway
- Private
- Basement
- Finished, Walk-Up, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete, Insulated Concrete Form, Perimeter Wall, Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground, Salt, Outdoor
- Property tax
- $17,438 / 2025
- Days on market
- 4
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Rooms
heated floor · above grade window · pot lights
hardwood floor · fireplace · combined w/dining
hardwood floor · 4 pc ensuite · walk-in closet(s)
heated floor · wet bar · walk-up
porcelain floor · bay window · overlooks backyard
hardwood floor · 4 pc ensuite · walk-in closet(s)
hardwood floor · 7 pc ensuite · walk-in closet(s)
hardwood floor · 4 pc ensuite · walk-in closet(s)
porcelain floor · crown moulding
hardwood floor · large window · overlooks backyard
hardwood floor · large window · overlooks backyard
heated floor · mirrored walls
hardwood floor · panelled · pot lights
hardwood floor · crown moulding · combined w/living
porcelain floor · stone counters · stainless steel appl
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 Oak Ridges Lake Wilcox (3,500 sq ft and up) have sold between $1.60M and $6.00M over the last two years (28 sales).
Considering this property? Request a written price readIts public catchment (Richmond Green SS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
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 $990/sqft; this home lists at $990/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
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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 $3,958,400 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $21,667
- Property tax
- $1,453
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $23,120
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $110,175
- Estimated closing costs
- $110,175
Plus your down payment of $989,600. 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
- $1,300,036
- Principal paid down
- $489,427
- Interest paid
- $810,609
- Balance remaining
- $3,468,973
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 33 whole-home leases in Oak Ridges Lake Wilcox signed at a median of $4,043 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,733. 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 RE/MAX REALTRON REALTY INC.. MLS®/PropTx.