7 Philips Lake Court, Richmond Hill, ON
Jefferson, Richmond Hill · MLS® N13828226
About this home
In short
- Remarkable luxury home located in prestigious Jefferson Forest, a property where design, comfort & everyday living come together.
- Newly renovated, with premium renovations shows in every room.
- The culinary chefs kitchen features quartz countertops, an extra large sink, a stainless steel & glass hood, a brand new Cafe six burner gas range & a brand new...
- The private backyard is perfect for entertaining family and friends.
- You'll also find new modern garage doors, front & backyard is fully interlocked, professionally landscaped gardens and an illuminated address feature wall.
Remarkable luxury home located in prestigious Jefferson Forest, a property where design, comfort & everyday living come together. Move in ready & thoughtfully upgraded. This home is approx 2,861 sqft with a with a additional1,400 sqft unfinished in the bsmt. Newly renovated, with premium renovations shows in every room. The culinary chefs kitchen features quartz countertops, an extra large sink, a stainless steel & glass hood, a brand new Cafe six burner gas range & a brand new Samsung refrigerator, all amongst designer flooring & accent lighting. The master bath spa inspired bathroom features a curbless frameless glass shower with a rain shower system, custom vanities, a freestanding soaking tub, & LED lit anti fog mirrors. Every room carries the same attention to detail, from the smooth ceilings to the three coats of premium paint to the designer accent walls and the executive wainscoting. Smart home upgrades is a luxury touch, whole home LED pot lights, centrally monitored ring security with eight HD camera, and Weiser smart locks. The private backyard is perfect for entertaining family and friends. You'll also find new modern garage doors, front & backyard is fully interlocked, professionally landscaped gardens and an illuminated address feature wall. You are walking distance to Philips Lake, the Oak Ridges Moraine Trail & parks, and within top ranked schools MacLeod's Landing P.S. & Alexander Mackenzie H.S. Close to groceries (Farm Boy, Sobeys) shopping at Hillcrest Mall, and public transit & Highway 404/407. This is a rare opportunity to own a fully upgraded home in one of Jefferson Forest's most sought after pockets. Just Move In and Decorate!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13828226
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 44.95 × 88.58 ft
- Cross streets
- Bathurst St. & Jefferson Side Rd.
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Private Double
- Basement
- Unfinished, Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,996 / 2026
- Days on market
- 24
- Listing brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Rooms
b/i shelves · porcelain floor · laundry sink
4 pc bath · semi ensuite · closet
stainless steel appl · breakfast bar · quartz counter
6 pc ensuite · walk-in closet(s) · double sink
large window · hardwood floor · formal rm
fireplace · hardwood floor · pot lights
Unfinished
combined w/dining · large window · pot lights
4 pc bath · semi ensuite · walk-in closet(s)
4 pc ensuite · walk-in closet(s) · w/o to balcony
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.
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For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $583/sqft; this home lists at $618/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Jefferson, 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) →
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 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $1,359,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,519
- Property tax
- $666
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,186
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $30,473
- Estimated closing costs
- $30,473
Plus your down payment of $339,980. 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
- $451,154
- Principal paid down
- $166,157
- Interest paid
- $284,997
- Balance remaining
- $1,193,763
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 numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 LEADING EDGE REALTY INC.. MLS®/PropTx.