34 Wood Rim Drive, Richmond Hill

Price: $1,399,000

5 bedrooms, 4 bathrooms

2,500 - 2,999 sqft

Property Type: Detached

MLS#: N13524460

Two Homes in One! This exceptional 4+1 bedroom home features a professionally renovated lower-level suite with its own private entrance-perfect for extended family, guests, or rental income. Enjoy seamless indoor-outdoor living with a custom walkout deck overlooking protected woodlands, surrounded by professionally landscaped grounds that offer privacy and tranquility. The upgraded chef's kitchen is equipped with a commercial-grade DCS gas stove and exhaust hood, flowing into a bright open-concept great room with a cozy fireplace and granite island-ideal for entertaining. Retreat to the luxurious primary suite featuring a spa-inspired ensuite with double glass showers and a charming Juliette balcony overlooking the peaceful ravine. Ideally located just minutes from the stunning Lake Wilcox Park, with quick access to Highways 404 and 400, top-rated schools, Sunset Beach, recreation facilities, shopping, and everyday amenities. This beautifully maintained, well-loved home offers the perfect blend of comfort, versatility, and location.

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active
New Listing
1/50

$1,399,000 - 34 Wood Rim Drive, Richmond Hill

Detached for Sale in Richmond Hill

New — Listed 2 days ago

Neighbourhood: Oak Ridges Lake Wilcox

5Beds
4Baths
2,500 - 2,999Sq Ft
Detached
Property Details
MLS Number
N13524460
Property Type
Detached
Status
active
Days on Site
2
Bedrooms
5
Bathrooms
4
Square Feet
2,500 - 2,999 sqft
Neighbourhood
Richmond Hill
Listing Brokerage
SUNSHINE REALTY BROKERAGE INC.
Description

Two Homes in One! This exceptional 4+1 bedroom home features a professionally renovated lower-level suite with its own private entrance-perfect for extended family, guests, or rental income. Enjoy seamless indoor-outdoor living with a custom walkout deck overlooking protected woodlands, surrounded by professionally landscaped grounds that offer privacy and tranquility. The upgraded chef's kitchen is equipped with a commercial-grade DCS gas stove and exhaust hood, flowing into a bright open-concept great room with a cozy fireplace and granite island-ideal for entertaining. Retreat to the luxurious primary suite featuring a spa-inspired ensuite with double glass showers and a charming Juliette balcony overlooking the peaceful ravine. Ideally located just minutes from the stunning Lake Wilcox Park, with quick access to Highways 404 and 400, top-rated schools, Sunset Beach, recreation facilities, shopping, and everyday amenities. This beautifully maintained, well-loved home offers the perfect blend of comfort, versatility, and location.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$6,188.25/mo

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5-yr fixed avg.

Principal: $1,119,200Interest: $737,275
Mortgage Amount$1,119,200
Total Interest$737,275
Est. Property Tax$991/mo
Total Cost$1,856,475

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.

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Neighbourhood Guide: Oak Ridges Lake Wilcox

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

34 Wood Rim Drive, Richmond Hill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,950/mo
Range: $3,358 - $4,543
Cap Rate (ROI)
2.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,950
Maintenance Fees-$0
Property Tax (est.)-$991
Insurance (est.)-$291
Net Cash Flow+$2,668

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $560/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Richmond Hill's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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.

Excellent Flexibility

With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Richmond Hill.

Bathroom Count Matters

With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

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.

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    34 Wood Rim Drive, Richmond Hill | $1,399,000 | Battaglia Team