$948,000
For sale: Detached

Attention Builders, Investors & End Users! Exceptional opportunity in the highly sought-after Lake Wilcox community of Oak Ridges! Situated on a private, mature lot approximately 150 ft. deep, this charming and bright detached bungalow is tucked away on a quiet cul-de-sac and surrounded by impressive newer custom homes. Featuring a rear extension/addition, spacious kitchen, large eat-in dining area and walkout to a private backyard. Excellent opportunity to live in, renovate, invest, or explore the potential to build a new custom home of approximately 3,600 sq.ft. plus basement, subject to municipal approvals and applicable zoning requirements. Just a short walk to beautiful Lake Wilcox, parks and trails, with convenient access to Bayview Ave, Hwy 404, schools and amenities. With significant redevelopment taking place throughout the neighbourhood, this is a rare opportunity to secure a deep lot in one of Richmond Hill's most desirable communities. Buyer/Buyer's Agent to conduct their own due diligence regarding zoning, building potential, lot coverage and development possibilities.
Sold data
Detached homes in Richmond Hill (Oak Ridges Lake Wilcox) took a median of 24 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 266 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.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 $1,498,400.
Homes sold for about 3.6% below asking on average, so there was room to negotiate.
About 25% of sales closed above the list price.
Around 17% of sellers reduced their price before finding a buyer.
Based on 266 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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