$1
For sale: Detached

A rare opportunity to acquire an exceptional 1+ acre property in the prestigious Oak Ridges community, surrounded by luxury custom estates. Situated on an expansive lot with impressive frontage, this property offers outstanding potential to build a spectacular custom residence of 5,000+ sq. ft. (subject to all required approvals).Nestled in one of Richmond Hill's most desirable neighbourhoods, enjoy a private, nature-inspired setting just steps from Lake Wilcox, Lake Wilcox Waterfront Park, and the Oak Ridges Community Centre, featuring scenic boardwalks, playgrounds, and year-round recreational amenities. Conveniently located close to top-rated schools, parks, public transit, the Oak Ridges Library, and the shops, restaurants, and everyday conveniences along Yonge Street.The existing home has been tastefully updated with new laminate flooring throughout, a renovated bathroom with a modern glass-enclosed shower, and a newly installed heat pump system. Currently tenanted, providing immediate rental income while you finalize plans, secure approvals, or build your dream luxury estate.An outstanding opportunity to invest, develop, or create a one-of-a-kind custom home in one of the GTA's most sought-after communities. Rarely does a property of this size and location become available in Oak Ridges-don't miss this exceptional opportunity.
Sold data
Detached homes in Richmond Hill (Oak Ridges Lake Wilcox) took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 49, across 275 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.
The median sale price was $1,499,000.
Homes sold for about 3.7% below asking on average, so there was room to negotiate.
About 25% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
Based on 275 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Richmond Hill (Oak Ridges Lake Wilcox) has 43 Fraser Institute–rated schools (35 elementary and 8 secondary), averaging 7.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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