15 Westwood Lane, Richmond Hill, ON

South Richvale, Richmond Hill · MLS® N13811414

$4,299,900
For Sale
Listed 28 days agoNo offer date stated
4+1Bedrooms
7Bathrooms
3Garage · 10 parking
5,000Sq ft

About this home

In short

  • Rare opportunity to own sunlit custom home on renowned Westwoood Lane.
  • Over 9000 sq ft of living space with lots of upgraded amenities such as built in Wolf appliances, high ceilings with wainscotting and crown moulding throughout...
  • Oversized master bedroom has large walk in closet with built in shelves and centre island.
  • Expansive recreational are in basement with heated floors, wet bar, home theatre and nanny's suite and ample sunshine.

Rare opportunity to own sunlit custom home on renowned Westwoood Lane. Over 9000 sq ft of living space with lots of upgraded amenities such as built in Wolf appliances, high ceilings with wainscotting and crown moulding throughout, skylight, elevator, built in speakers, multiple wet bars. Oversized master bedroom has large walk in closet with built in shelves and centre island. Each bedroom comes with own ensuite and walk in closet. Expansive recreational are in basement with heated floors, wet bar, home theatre and nanny's suite and ample sunshine.

Key facts

Property type
Detached, 2-Storey
MLS®
N13811414
Bedrooms
4+1 (5 total)
Bathrooms
7 (1 half)
Size
5,000 sq ft
Lot
76.33 × 159.13 ft
Cross streets
yonge and 407
Parking
3 garage · 10 parking (built-in)
Basement
Walk-Up, Finished
Heating
Forced Air
A/C
Central Air
Exterior
Stone
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Pool
Inground
Property tax
$26,140 / 2026
Days on market
28
Listing brokerage
TOP ASSETS REALTY INC.

Rooms

Bedroom 4Second11.32 × 5.57 m

walk-in closet(s) · 5 pc ensuite

OtherBasement3.50 × 2.80 m
Media RoomBasement4.98 × 5.05 m
DenGround5.72 × 4.23 m

b/i shelves · hardwood floor · bay window

Bedroom 5Basement4.09 × 4.97 m

3 Pc Ensuite

KitchenGround6.61 × 5.25 m

stainless steel appl · centre island · pantry

Living RoomGround5.80 × 4.99 m

fireplace · bay window · hardwood floor

Bedroom 3Second4.58 × 8.88 m

walk-in closet(s) · 3 pc ensuite · double doors

RecreationBasement6.14 × 15.18 m

fireplace · wet bar · walk-up

Family RoomGround6.62 × 602.00 m

coffered ceiling(s) · fireplace · hardwood floor

Bedroom 2Second7.00 × 4.53 m

walk-in closet(s) · 3 pc ensuite

BreakfastGround6.95 × 3.95 m

marble floor · walk-out

Dining RoomGround4.55 × 5.26 m

coffered ceiling(s) · open concept · california shutters

Primary BedroomSecond6.25 × 15.45 m

2 way fireplace · walk-in closet(s) · wet bar

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 South Richvale · asking prices
$5.51Mavg 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 $1,184/sqft; this home lists at $860/sqft. Size is part of the price story, not just the sticker.

The 4 closest active listings nearby.

See all comparable homes
4.30MThis home6.39M6.39M2.28M6.99MThis home vs active comparables

Neighbourhood & location

South Richvale, 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.

North Richvale
$1.51M
Observatory
$2.02M
Bayview Hill
$2.52M
Mill Pond
$1.56M
Crosby
$2.05M

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
$19,598/mo
$820KIncome needed
5.2×Price ÷ income
$4,523Weekly cost
$93,973Land 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.

90%mortgage
Mortgage $19,598Property tax $2,178Total carry $21,776

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%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

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)
$19,020per month

Mortgage amount $3,439,920 · 4.49% over 25 years

$859,980Down payment (20.0%)
$3,439,920Loan before insurance
$0CMHC premium
$21,198Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$19,020
Property tax
$2,178
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$21,198

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

One-time closing costs

Ontario land transfer tax
$93,973
Estimated closing costs
$93,973

Plus your down payment of $859,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$23,021/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

$2,266,052Total interest paid
$5,705,972Total of all payments
Principal $3,439,920 Interest $2,266,052
YearPrincipalInterestBalance
1$76,764$151,475$3,363,156
2$80,250$147,989$3,282,906
3$83,893$144,345$3,199,012
4$87,703$140,536$3,111,310
5$91,685$136,554$3,019,625
6$95,847$132,391$2,923,778
7$100,199$128,040$2,823,579
8$104,749$123,490$2,718,830
9$109,505$118,734$2,609,325
10$114,477$113,762$2,494,848
11$119,674$108,564$2,375,174
12$125,108$103,131$2,250,066
13$130,789$97,450$2,119,277
14$136,727$91,512$1,982,550
15$142,935$85,304$1,839,616
16$149,425$78,814$1,690,191
17$156,209$72,030$1,533,982
18$163,302$64,937$1,370,680
19$170,716$57,523$1,199,964
20$178,467$49,772$1,021,497
21$186,570$41,668$834,927
22$195,041$33,197$639,885
23$203,897$24,342$435,988
24$213,155$15,084$222,833
25$222,833$5,406$0

At the end of your 5-year term

Total paid over the term
$1,141,194
Principal paid down
$420,295
Interest paid
$720,900
Balance remaining
$3,019,625

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$10,500/mo
$126,000Gross annual rent
2.0%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.

2.9%
Gross yield
− Property tax $26,140− Insurance $1,400− Vacancy & upkeep $13,860Net operating income $84,600

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

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