$1,950,000 - 179 Douglas Road, Richmond Hill
Detached for Sale in Richmond Hill
Neighbourhood: Oak Ridges Lake Wilcox
- MLS Number
- N13450462
- Property Type
- Detached
- Status
- active
- Days on Site
- 21
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Rare opportunity in one of Richmond Hill's most prestigious Lake Wilcox neighborhoods. Nestledon an exceptional 50 x 300 ft lot and surrounded by multi-million-dollar estate homes, this meticulously maintained, original-owner bungalow offers over 2,500 sq.ft. of well-designed living space on a truly remarkable property. Featuring solid hardwood flooring throughout, spacious principal rooms, and timeless craftsmanship, this home presents endless possibilities for families, investors, and builders alike. The expansive backyard enjoys a unique setting with future road access planned through the adjoining development, enhancing both accessibility and long-term potential. Whether you choose to move in, renovate, build your dream estate, or explore future development opportunities, this is a rare landholding in a highly sought-after location. Potential future severance opportunities may exist, subject to municipal approvals. Steps to Lake Wilcox, parks, trails, top-rated schools, and all amenities, while offering the tranquility and prestige of estate-style living. Notably, the backyard will directly face a newly planned road through the future development, which creates a unique opportunity for potential severance and the possibility of developing the rear portion of the lot as a separate parcel, subject to municipal approvals.
Estimate your monthly payments for this property
Estimated Payment
$8,625.51/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Oak Ridges Lake Wilcox
Oak Ridges Lake Wilcox is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Oak Ridges Lake Wilcox
- •Convenient location in Richmond Hill
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Oak Ridges Lake Wilcox offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
179 Douglas Road, Richmond Hill
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $780/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 21 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Richmond Hill are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Oak Ridges Lake Wilcox
I know Oak Ridges Lake Wilcox well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Richmond Hill properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $8,125 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.