$11,888,000 - 101 Westwood Lane, Richmond Hill
Detached for Sale in Richmond Hill
Popular Listing- MLS Number
- N13224670
- Property Type
- Detached
- Status
- active
- Days on Site
- 12
- Bedrooms
- 6
- Bathrooms
- 12
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RE/MAX REALTRON BARRY COHEN HOMES INC.
A very rare offering in prestigious South Richvale, 101 Westwood Lane is an extraordinary custom limestone estate designed and built by Mahzad Homes. Offering approximately 15,000square feet of luxury living space, this newly built residence combines timeless European-inspired architecture, exceptional craftsmanship, and a level of scale, elegance, and presence rarely found in today's market. Wrapped in custom-cut natural Indian limestone, the home makes an unforgettable first impression. A dramatic foyer, grand staircase crowned by an oversized skylight, soaring ceiling heights, oversized windows, and meticulously curated finishes create a residence that feels both impressive and welcoming. Every corner has something to offer, from the elegant formal dining room and private executive office to the designer kitchen and expansive family living spaces designed for both everyday comfort and sophisticated entertaining. The upper level features luxurious bedroom suites, including a spectacular primary retreat inspired by the finest five-star hotels. Throughout the home, exceptional attention to detail is showcased through custom millwork, natural marble, rich walnut flooring, heated floors, smart home automation, and an uncompromising commitment to quality. The lower level extends the living experience with expansive recreation, entertainment, andwellness-inspired spaces, thoughtfully designed to complement the lifestyle expected of a residence of this calibre. Set on an exceptionally private lot, the property offers a remarkable backyard setting with the opportunity for the final landscape vision to be completed in collaboration with the purchaser, allowing the outdoor environment to be tailored to their individual preferences and lifestyle. A true statement residence and one of South Richvale'smost impressive newly built custom estates, offering a rare combination of architecturalbeauty, craftsmanship, privacy, and luxury.Tarion Warranty Included. VTB MAY BE AVAILABLE
Estimate your monthly payments for this property
Estimated Payment
$52,584.63/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 Richmond Hill
Richmond Hill 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 Richmond Hill
- •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
Richmond Hill 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.
101 Westwood Lane, 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
Premium Pricing
At $2378/sqft, this property is priced above the Richmond Hill average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
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.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Richmond Hill.
Bathroom Count Matters
With 12 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.
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 $49,533 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.