$1,699,900 - 7 Philips Lake Court, Richmond Hill
Detached for Sale in Richmond Hill
Popular ListingNeighbourhood: Jefferson
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- MLS Number
- N13828226
- Property Type
- Detached
- Status
- active
- Days on Site
- 12
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Richmond Hill
- Taxes (2026)
- $7,996
- Listing Brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Remarkable luxury home located in prestigious Jefferson Forest, a property where design, comfort & everyday living come together. Move in ready & thoughtfully upgraded. This home is approx 2,861 sqft with a with a additional1,400 sqft unfinished in the bsmt. Newly renovated, with premium renovations shows in every room. The culinary chefs kitchen features quartz countertops, an extra large sink, a stainless steel & glass hood, a brand new Cafe six burner gas range & a brand new Samsung refrigerator, all amongst designer flooring & accent lighting. The master bath spa inspired bathroom features a curbless frameless glass shower with a rain shower system, custom vanities, a freestanding soaking tub, & LED lit anti fog mirrors. Every room carries the same attention to detail, from the smooth ceilings to the three coats of premium paint to the designer accent walls and the executive wainscoting. Smart home upgrades is a luxury touch, whole home LED pot lights, centrally monitored ring security with eight HD camera, and Weiser smart locks. The private backyard is perfect for entertaining family and friends. You'll also find new modern garage doors, front & backyard is fully interlocked, professionally landscaped gardens and an illuminated address feature wall. You are walking distance to Philips Lake, the Oak Ridges Moraine Trail & parks, and within top ranked schools MacLeod's Landing P.S. & Alexander Mackenzie H.S. Close to groceries (Farm Boy, Sobeys) shopping at Hillcrest Mall, and public transit & Highway 404/407. This is a rare opportunity to own a fully upgraded home in one of Jefferson Forest's most sought after pockets. Just Move In and Decorate!
Estimate your monthly payments for this property
Estimated Payment
$7,519.23/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 Jefferson
Jefferson 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 Jefferson
- •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
Jefferson 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.
7 Philips Lake Court, 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 $680/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.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Richmond Hill. Good resale value as demand remains consistent.
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 Jefferson
I know Jefferson 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 $7,083 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.