106 Larratt Lane, Richmond Hill, ON
Westbrook, Richmond Hill · MLS® N14029190
About this home
In short
- Welcome to this exceptional family home nestled in the highly sought-after Westbrook community of Richmond Hill, where elegance, comfort and an incredible lifestyle...
- Backing directly onto a peaceful ravine, this beautifully maintained residence offers the perfect blend of privacy, nature and sophisticated family living, with over...
- The thoughtfully designed layout features 4 spacious bedrooms, 5 bathrooms, convenient main-floor laundry, and a spacious finished basement with a separate entrance...
- A truly special opportunity to enjoy spacious living, versatile accommodations and the rare serenity of a ravine setting in one of Richmond Hill's most desirable...
Welcome to this exceptional family home nestled in the highly sought-after Westbrook community of Richmond Hill, where elegance, comfort and an incredible lifestyle come together. Backing directly onto a peaceful ravine, this beautifully maintained residence offers the perfect blend of privacy, nature and sophisticated family living, with over 3,000 sq. ft. of living space. The thoughtfully designed layout features 4 spacious bedrooms, 5 bathrooms, convenient main-floor laundry, and a spacious finished basement with a separate entrance, additional bedroom and bathroom. The main floor offers versatile space ideal for a home office or professional workspace, while the generous principal rooms provide ample room for comfortable family living and entertaining. The second floor is complemented by a skylight that brings an abundance of natural light into the home. Ideally situated within the highly esteemed St. Theresa of Lisieux Catholic High School catchment, this is an exceptional opportunity for growing families seeking quality education and an outstanding community. Westbrook is renowned for its family-friendly atmosphere, beautiful parks, ravines, walking trails and excellent community amenities, including nearby community centres, sports facilities, shopping and dining. With convenient access to major roads and transit, this home offers the perfect balance of tranquility, connectivity and an exceptional Richmond Hill lifestyle. A truly special opportunity to enjoy spacious living, versatile accommodations and the rare serenity of a ravine setting in one of Richmond Hill's most desirable communities.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N14029190
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 5 (2 half)
- Size
- 3000-3500 sq ft
- Lot
- 39.61 × 129.7 ft
- Cross streets
- Shaftsbury Ave & Elgin Mills Rd West
- Parking
- 2 garage · 4 parking (built-in)
- Driveway
- Private
- Basement
- Separate Entrance, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,110 / 2026
- Days on market
- 7
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Rooms
ceramic floor · backsplash
hardwood floor · combined w/living · pot lights
hardwood floor · combined w/dining · pot lights
broadloom · closet
ceramic floor · w/o to yard · laminate
hardwood floor · fireplace · pot lights
hardwood floor · walk-in closet(s) · 2 pc ensuite
broadloom · combined w/living · l-shaped room
hardwood floor · walk-in closet(s) · 5 pc ensuite
hardwood floor · overlooks frontyard · closet
hardwood floor · overlooks frontyard · closet
broadloom · combined w/dining · l-shaped room
hardwood floor · separate room · pot lights
Listed at $1,438,888. Going by how homes in Westbrook and the wider GTA have actually closed against their asking prices (about 97%, 16 local closings in 90 days), the likely sale price is near $1.39M, if it sells. A realistic range is $1.31M to $1.57M.
Independent value check: $1.49M. Without looking at the asking price, our model values the home itself about 4% above the ask (homes like it typically land between $1.40M and $1.56M).
Why $1.49M. The typical detached home sold in Westbrook over the past year went for about $1.50M (68 sales). What sets this one apart:
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $8,110 a year; the typical home sold here pays about $7,500.
- ▲ Raises it slightlyIt is 3,000 to 3,500 sq ft; the typical home sold here is 2,500 to 3,000.
- ▲ Raises it slightly4+1 bedrooms and 5 baths, against 4+1 and 4 typically.
Total price vs nearby homes. Likely closing about $1.39M, from 16 recent closings in this pocket.
The market behind the math:
About 2.6 months of inventory: 14 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 $443/sqft against an area asking average of $568/sqft.
- Separate-entrance basement apartment features. A finished 1 bed basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. Basements do rent in Westbrook: 21 of the 145 detached leases here lately were basement units, around $1,850 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Richmond Hill.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
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 $1.63M. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
Based on 16 comparable homes that sold in Westbrook over the past two years, from 141 closings there.
Nothing 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 $1.49M, which is where my estimate comes from.
Per square foot, these ask about $592/sqft; this home lists at $443/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Richmond Hill: $1.44M in September 2026, down 4% from a year ago, on 948 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Richmond Hill as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.58M | 86 |
| November 2025 | $1.47M | 77 |
| December 2025 | $1.68M | 48 |
| January 2026 | $1.48M | 52 |
| February 2026 | $1.52M | 57 |
| March 2026 | $1.49M | 70 |
| April 2026 | $1.50M | 73 |
| May 2026 | $1.46M | 114 |
| June 2026 | $1.50M | 119 |
| July 2026 | $1.50M | 92 |
| August 2026 | $1.48M | 80 |
| September 2026 | $1.44M | 80 |
Neighbourhood & location
Westbrook, 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 21, 2026); conventional rates run a little higher.
Mortgage amount $1,151,110 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,365
- Property tax
- $676
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,041
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $25,253
- Estimated closing costs
- $25,253
Plus your down payment of $287,778. 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
- $381,881
- Principal paid down
- $140,644
- Interest paid
- $241,237
- Balance remaining
- $1,010,466
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 Westbrook (21 of 145 recent detached leases were basement units, around $1,850 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,850 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 68 whole-home leases in Westbrook signed at a median of $4,722 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,392. 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 HALLMARK REALTY LTD.. MLS®/PropTx.