$4,179,000 - 566 Sunset Beach Road, Richmond Hill
Detached for Sale in Richmond Hill
New — Listed 2 days agoNeighbourhood: Oak Ridges Lake Wilcox
- MLS Number
- N13700502
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 7
- Bathrooms
- 6
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Richmond Hill
- Lot Size
- 32,798 sqft
- Listing Brokerage
- RIGHT AT HOME REALTY
Discover the potential for luxury at 566 Sunset Beach Road, a prime property on the prestigious south side of Lake Wilcox. Currently home to a charming older family residence with Tudor facade, this .75 acre lot offers breathtaking Lake Wilcox views from most rooms and private lake access across the 131 foot owned lake frontage, setting the stage for a future multi-family luxury estate. Nestled in one of Richmond Hills' most desireable neighbourhoods within the GTA, this location provides easy access to land and water sports without the long commute north, perfect for a lifestyle of relaxation and recreation across all four seasons. The existing home, originally a builder's showcase, has been lovingly maintained by the current owners for 27 years. In addition to the 4 or 5 bedroom main home, it features a 2 or 3 bedroom suite above the 3-car garage, ideal for extended family or caregiver plus a lower level self contained 1-bedroom nanny suite with living/dining, kitchen, bed & bath. Additionally, there is a large recreation room with wood-burning fireplace and a walk-out to ground-level swim-spa, gazebo, dry boathouse, firepit and dock. The south side of Lake Wilcox is celebrated for its sandy, shallow access, offering a superior experience compared to the north. Set high above manicured landscaping, this property provides a serene retreat even during nature's most intense storms. Noted as the the property with one of the widest individual lake frontages and with R3/N1 zoning, it presents endless possibilities for future customization and even allowing you to create a contemporary luxury home that reflects your vision. Explore the listing pictures, but for the ultimate experience, schedule a private tour to truly feel the potential of your next home at 566 Sunset Beach Road.
Estimate your monthly payments for this property
Estimated Payment
$18,485.13/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.
566 Sunset Beach 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
Fair Market Value
At $836/sqft, this property is priced in line with current Richmond Hill market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
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.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 7 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 6 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.