83 Moray Avenue, Richmond Hill, ON
Oak Ridges Lake Wilcox, Richmond Hill · MLS® N14031360
About this home
In short
- Discover the possibilities at 83 Moray Avenue, situated on a generous 50 x 150 ft lot in the established Oak Ridges Lake Wilcox community.
- Currently tenanted and requiring updates and renovations, the property also offers potential for investors seeking an opportunity in a desirable Richmond Hill...
Discover the possibilities at 83 Moray Avenue, situated on a generous 50 x 150 ft lot in the established Oak Ridges Lake Wilcox community. This detached two-storey home offers spacious principal rooms, a sunroom, mature trees and a large backyard, presenting an opportunity for buyers looking to renovate and create a home that reflects their own vision. Currently tenanted and requiring updates and renovations, the property also offers potential for investors seeking an opportunity in a desirable Richmond Hill neighbourhood. Enjoy convenient access to Lake Wilcox, scenic nature trails, parks, recreational facilities, schools, shopping and transit. Whether you're looking to renovate for personal use or explore its investment potential, this property offers plenty of possibilities in an established community. Photos are from a previous listing and may not reflect the property's current condition.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N14031360
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 50.07 × 150.31 ft
- Cross streets
- Bayview Ave & North Lake Rd
- Parking
- 2 garage · 8 parking (detached)
- Driveway
- Private Double
- Basement
- Apartment, Full, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,771 / 2025
- Days on market
- 1
- Listing brokerage
- RE/MAX EXPERTS
Rooms
Window
broadloom · closet
3 pc ensuite · laminate
Sliding Doors
Laminate
Laminate
broadloom · closet
fireplace · laminate
Window
laminate · large window
Listed at $1,199,000. 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 $1.19M, if it sells. A realistic range is $1.11M to $1.34M.
Independent value check: $1.20M. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $1.13M and $1.26M).
Why $1.20M. 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:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $5,771 a year; the typical home sold here pays about $6,700.
- ▲ Raises it slightly2 garage and 8 total parking spaces, against 2 and 6 typically.
Total price vs nearby homes. Likely closing about $1.19M, 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 $533/sqft against an area asking average of $681/sqft.
- basement apartment features. A finished 1 bed basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Oak Ridges Lake Wilcox: 21 of the 148 detached leases here lately were basement units, around $1,800 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.
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 $1.15M. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
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
For sale
For sale
For sale
For sale
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 $527/sqft; this home lists at $533/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 $959,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,304
- Property tax
- $481
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,784
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,455
- Estimated closing costs
- $20,455
Plus your down payment of $239,800. 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
- $318,215
- Principal paid down
- $117,197
- Interest paid
- $201,018
- Balance remaining
- $842,003
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 (21 of 148 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 49 whole-home leases in Oak Ridges Lake Wilcox signed at a median of $3,940 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,873. 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 EXPERTS. MLS®/PropTx.