315 North Lake Road, Richmond Hill, ON
Oak Ridges Lake Wilcox, Richmond Hill · MLS® N13830754
About this home
In short
- Welcome to 315 North Lake Road-an entertainer's dream in one of Richmond Hill's most sought-after communities, just steps from Lake Wilcox and surrounded by the...
- This stunning 2-storey home offers a bright, sun-filled foyer with oversized windows and a modern open-concept layout designed for both everyday living and hosting.
- The gourmet chef's kitchen features built-in stainless steel appliances, quartz countertops, a stylish backsplash, and undermount lighting, all seamlessly connected...
- Upstairs, the spacious primary bedroom offers a spa-inspired 5-piece ensuite, creating the perfect private retreat.
- Enjoy an unbeatable lifestyle just a short walk to Lake Wilcox, with access to parks, trails, a community centre, beach volleyball, and swimming in the summer, plus...
Welcome to 315 North Lake Road-an entertainer's dream in one of Richmond Hill's most sought-after communities, just steps from Lake Wilcox and surrounded by the natural beauty of Jefferson Forest. This stunning 2-storey home offers a bright, sun-filled foyer with oversized windows and a modern open-concept layout designed for both everyday living and hosting.The gourmet chef's kitchen features built-in stainless steel appliances, quartz countertops, a stylish backsplash, and undermount lighting, all seamlessly connected to the main living space and sunken living room with a fireplace. Upstairs, the spacious primary bedroom offers a spa-inspired 5-piece ensuite, creating the perfect private retreat.The fully finished recreation room is ideal for entertaining, complete with a home theatre setup, wet bar, gas fireplace, and a 3-piece bath. Thoughtfully updated throughout, this home showcases modern finishes from top to bottom and has been meticulously maintained.Step outside to a beautifully upgraded backyard featuring a full deck transition from a poured stone patio-perfect for summer gatherings and outdoor relaxation.Enjoy an unbeatable lifestyle just a short walk to Lake Wilcox, with access to parks, trails, a community centre, beach volleyball, and swimming in the summer, plus skating and ice fishing in the winter. Explore scenic mountain biking and walking trails throughout Jefferson Forest, all while benefiting from quick access to Gormley GO Station and Highway 404-just a 5-minute drive away. Experience the charm of cottage-style living with all the conveniences of the city nearby.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13830754
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 5 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 42.88 × 105.07 ft
- Cross streets
- North Lake Rd & Yonge
- Parking
- 2 garage · 8 parking (attached)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,171 / 2026
- Days on market
- 20
- Listing brokerage
- POWER 7 REALTY
Rooms
glass doors · picture window
quartz counter · b/i appliances · modern kitchen
hardwood floor · closet
3 pc ensuite · pot lights · laminate
pot lights · hardwood floor · overlooks backyard
5 pc ensuite · heated floor · casement windows
glass doors · pot lights
overlooks backyard · california shutters · w/o to patio
hardwood floor · pot lights · open concept
Sump Pump
3 pc ensuite · his and hers closets · hardwood floor
Listed at $1,479,000. Going by how homes in Oak Ridges Lake Wilcox and the wider GTA have actually closed against their asking prices (about 99%, 16 local closings in 90 days), the likely sale price is near $1.47M, if it sells. A realistic range is $1.37M to $1.65M.
Independent value check: $1.58M. Without looking at the asking price, our model values the home itself about 7% above the ask (homes like it typically land between $1.48M and $1.66M).
Why $1.58M. The typical detached home sold in Oak Ridges Lake Wilcox over the past year went for about $1.37M (103 sales). What sets this one apart:
- ▲ Raises itIt is 2,500 to 3,000 sq ft; the typical home sold here is 2,000 to 2,500.
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $7,171 a year; the typical home sold here pays about $6,700.
- ▲ Raises it slightlyThe listing describes it as fully renovated or newly built.
- ▲ Raises it slightly2 garage and 8 total parking spaces, against 2 and 6 typically.
Total price vs nearby homes. Likely closing about $1.47M, from 16 recent closings in this pocket.
The market behind the math:
About 2.8 months of inventory: 15 detached homes for sale in the area against 16 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $538/sqft against an area asking average of $563/sqft.
- Ravine / green setting. This home sits beside a wooded ravine. A premium that comparable-sales math under-prices, so read the estimate as a floor.
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 16 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.37M. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Read this with carewhy it’s an estimate, not an appraisal
Below comparable homes on total price, yet the price per square foot ($538/sqft) is in line with the area, which usually points to a smaller or more efficient layout.
Based on 16 comparable homes that sold in Oak Ridges Lake Wilcox over the past two years, from 173 closings there.
For sale
For sale
For sale
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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 $538/sqft; this home lists at $538/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Oak Ridges Lake Wilcox: $1.19M in August 2026, down 26% from a year ago, on 94 closings in 10 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.58M | 7 |
| November 2025 | $1.93M | 8 |
| December 2025 | $1.48M | 5 |
| January 2026 | $1.59M | 12 |
| February 2026 | $1.36M | 5 |
| March 2026 | $1.27M | 9 |
| May 2026 | $1.28M | 14 |
| June 2026 | $1.38M | 17 |
| July 2026 | $1.22M | 11 |
| August 2026 | $1.19M | 6 |
Neighbourhood & 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) →
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
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $1,183,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,542
- Property tax
- $598
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,140
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,055
- Estimated closing costs
- $26,055
Plus your down payment of $295,800. 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
- $392,527
- Principal paid down
- $144,565
- Interest paid
- $247,962
- Balance remaining
- $1,038,635
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 54 whole-home leases in Oak Ridges Lake Wilcox signed at a median of $4,002 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,382. 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 POWER 7 REALTY. MLS®/PropTx.