$1,930,000
Est. payment $8,546/moCalculate yours
197 Douglas Road, Richmond Hill, ON L4E 3H5
Oak Ridges Lake Wilcox, Richmond Hill, ON L4E 3H5
- 5 Beds
- 4 Baths
- 2 Garage
- 2,000 Sq Ft
Listing courtesy of REMAX YOUR COMMUNITY REALTY MLS® N13682022
About this home
Attention Developers, Builders & Investors! Rare Oversized Lot in Prime Richmond Hill ,Incredible opportunity to own an oversized 55 x 287 ft lot in one of Richmond Hills most desirable areas steps from Lake Wilcox. This property offers dual potential: Build your dream home now Unlock rear lot development as part of a future back-lot subdivision opportunity. Existing Home Features: Spacious 5-bedroom home, Finished basement with separate entrance ideal for in-law suite or rental income, Surrounded by mature trees and nature. Just a short walk to Sunset Beach and Lake Wilcox Whether you’re looking to build now or land bank for future development, this is a rare find with huge upside in a high-demand neighborhood.
Property details
Overview
- Property Type
- Detached
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 2,000 sqft
Interior
- Bedrooms
- 5
- Bathrooms
- 4
- Kitchens
- 2
- Basement
- Finished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Other
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Unknown
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 55.92 x 287.61 Feet
- Parking
- Built-In garage · 8 total
Financial
- Property Taxes
- $7,716 (2025)
Location
- Neighbourhood
- Oak Ridges Lake Wilcox
- Cross Street
- Yonge St. and King Road
- Direction Faces
- South
Listing
- MLS® Number
- N13682022
- Days on Market
- 65
- Listed On
- 2026-08-14
- Possession
- TBA
- Listed By
- REMAX YOUR COMMUNITY REALTY
Rooms
Features
Interior
- Other
Pool
- None
Mortgage calculator
Estimated mortgage payment
$8,546 per month
- Principal and interest
- $8,546
- Property tax
- $643
- Condo fees
- $0
- Estimated monthly cost
- $9,189
Your mortgage
- Mortgage amount
- $1,544,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,019,687
Cash to close
- Down payment
- $386,000
- Land transfer tax
- $35,075
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $421,075
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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