5-56 North Lake Rd
Oak Ridges Lake Wilcox, Richmond Hill, Ontario L4E 0G5
- Bedrooms
- 3
- Bathrooms
- 4
- Size
- 1,500–2,000sq ft
- Per sq ft
- $525at the range’s middle
- Lot
- 17.06 x 113.19 ft
- Tax a year
- $4,3332026 tax year
- Built
- 16-30
- Parking
- 21 attached
- Days on market
- Members
The brief
About 5-56 North Lake Rd
5-56 North Lake Rd is a 3-bedroom, 4-bathroom freehold townhouse in Oak Ridges Lake Wilcox, Richmond Hill, listed for sale at an asking price of $918,000 (MLS® N14145988).
Picture your mornings here: coffee on the deck as the sun filters through the ravine trees, and nothing but birds chirping in the serene background. Backing onto a protected conservation, in a quiet, family-friendly enclave, and loved by its original owner since 2007, this 2-storey freehold townhome (POTL) is ready to bless the next family. The bright main floor flows with smooth ceilings, pot lights, upgraded chandeliers and hardwood flooring from the entrance to the dining table, where a walk-out to the deck brings the greenery in every day. The kitchen's centre island is the natural gathering spot for homework, weekend pancakes and catching up after work. Upstairs, upgraded engineered hardwood flooring leads to 3 bedrooms, including a 24-ft deep master retreat with a huge walk-in closet and a 5-pc ensuite with double vanity, soaker tub and separate shower. Downstairs, the finished rec room with pot lights, ceramic floors and a double closet is ready for movie nights, a playroom, home gym or a home office, with custom kitchen cabinetry and a 4-pc bath for guests or space for extended family. Direct garage entry makes grocery runs and rainy days simple. Recent upgrades provide the new owner with a peace of mind: newer windows (2024), roof (2021) and furnace (2021). Stroll to nearby walking trails, Lake Wilcox, the Oak Ridges Community Centre and local library; walk your kids/grandkids to daycare, elementary school and the upcoming high school; play golf, or reach Hwy 404 and 400, and Gormley GO in minutes. This is a perfect home to start a family, raise the young children or right-size into retirement. All we are waiting for is your heartfelt "YES!"
Insights
Condition Score
Good73/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall35/100−$1,150/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 28 townhouses with 3 bedrooms for lease in Richmond Hill right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $4,333 / 2026
- MLS® number
- N14145988
- Board
- TRREB MLS®
- Property Type
- Att/Row/Twnhouse
- Building Age
- 16-30
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 17.06 x 113.19 ft
- Listed on
- Parking
- 1 Attached, 2 Parking
Property details
Property
- Property Type
- Att/Row/Twnhouse
- Style
- 2-Storey
- Community
- Oak Ridges Lake Wilcox
- Municipality
- Richmond Hill
Building
- Size
- 1500-2000 sqft
- Building Age
- 16-30
- Construction
- Brick
Inside
- Bedrooms
- 3
- Bathrooms
- 4
- Bathroom Details
- 1 × 2pc Main, 1 × 5pc 2nd, 1 × 4pc 2nd, 1 × 4pc Bsmt
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Driveway
- Private
- Garage Type
- Attached
- Garage
- 1
- Additional Parking
- 1
- Total Parking
- 2
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 17.06 ft
- Depth
- 113.19 ft
- Lot Size
- 17.06 x 113.19 ft
Additional
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- Fridge, stove, range hood, dishwasher, washer and dryer. All electric light fixtures, including chandeliers. All window coverings. Garage door opener and remote.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.82 × 4.96 m | hardwood floor, W/O To Deck, O/Looks Ravine | Main |
| Dining | 3.88 × 2.38 m | hardwood floor, Pot Lights, Open Concept | Main |
| Kitchen | 3.89 × 2.57 m | Centre Island, Double Sink, Stainless Steel Appl | Main |
| Primary | 7.37 × 3.33 m | O/Looks Ravine, 5 Pc Ensuite, hardwood floor | 2nd |
| 2nd Br | 3.23 × 2.95 m | hardwood floor, Closet, Window | 2nd |
| 3rd Br | 3.33 × 2.59 m | hardwood floor, Closet, hardwood floor | 2nd |
| Rec | 7.7 × 4.95 m | Pot Lights, Ceramic Floor, Double Closet | Bsmt |
| Laundry | 6.73 × 2.29 m | — | Bsmt |
Listing history
Buy/sell history for 5-56 North Lake Rd, Richmond Hill, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $918,000 | N/A | For Sale | N14145988 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $183,600
- Total mortgage amount
- $734,400
- Total interest payment
- $522,300
- Total purchase cost
- $1,440,300
- Mortgage payment
- $4,189/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
42%Monthly carrying cost
$4,550- Rent $3,400
- Shortfall $1,150
Rental income opens at $3,400, the median asking rent of 28 comparable homes for lease in Richmond Hill. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $14,835
- Total land transfer tax
- $14,835
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $10,835
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $918,000
- $10,360
- Ontario total
- $14,835
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The market
Townhouses for sale in Oak Ridges Lake Wilcox right now
- For sale now
- 12
- Median asking price
- $1.02M
- New in 7 days
- 1
- Price cuts
- 17%
Middle half: $907K to $1.16M
9 in 28 days
2 listings
This home is asking 10% below the median.
See all homes in Oak Ridges Lake WilcoxAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Yonge / King | YRT bus rapid transit: Viva Blue | 350 m |
| Yonge St / Regatta Av | YRT bus rapid transit: Viva Blue | 500 m |
| Yonge / Bloomington | YRT bus rapid transit: Viva Blue | 1.7 km |
| Yonge / Jefferson Sideroad | YRT bus rapid transit: Viva Blue | 2.8 km |
| Gormley GO | GO Transit train: Richmond Hill | 4.4 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx; YRT schedule data (GTFS) from York Region Transit under the YRT Open Data Licence 2.0, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx. Contains public transit Information made available under YRT's Open Data Licence.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Académie de la MoraineConseil scolaire Viamonde | French-language public · grades JK–6 | 300 m | 87%Grade 6 average |
| Our Lady of the Annunciation Catholic Elementary SchoolYork CDSB | Catholic · grades JK–8 | 700 m | 68%Grade 6 average |
| Oak Ridges Public SchoolYork Region DSB | Public · grades JK–8 | 1.3 km | 67%Grade 6 average |
| Lake Wilcox Public SchoolYork Region DSB | Public · grades JK–8 | 1.5 km | 72%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Cardinal Carter Catholic Secondary SchoolYork CDSB | Catholic · grades 9–12 | 1.9 km | 69%Grade 9 math |
| ÉSC RenaissanceConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 2.7 km | 87%Grade 9 math |
| ACCESS ProgramYork Region DSB | Public · grades 9–12 | 4.8 km | — |
| Richmond Hill High SchoolYork Region DSB | Public · grades 9–12 | 5.1 km | 81%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Oak Ridges Lake Wilcox are shown to signed-in members.