$1,550,000 - 106 Wood Rim Drive, Richmond Hill
Detached for Sale in Richmond Hill
49 days on market- MLS Number
- N13061986
- Property Type
- Detached
- Status
- active
- Days on Site
- 49
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- SMART SOLD REALTY
Premium Ravine Lot Backing Onto Lush Forest And Scenic Trails In The Highly Sought-After, Family-Friendly Oak Ridges / Lake Wilcox Community!This Beautifully Maintained 4-Bedroom Detached Home Offers Over 2,500 Sq Ft Of Above-Grade Living Space In A Rare, Private, Cottage-Like Setting. The Spacious, Well-Designed Layout Features 9-Ft Ceilings On The Main Floor And Pot Lights, Creating A Warm And Inviting Atmosphere.The Main Floor Boasts A Bright Kitchen With Breakfast Area And Walk-Out To A Professionally Landscaped Backyard Overlooking The Ravine-Perfect For Relaxing Or Entertaining-Along With A Welcoming Family Room.Upstairs, Generously Sized Bedrooms Are Filled With Natural Light. The Primary Suite Includes Large Closets With Organizers And An Upgraded Ensuite. Both Second-Floor Bathrooms Have Been Tastefully Renovated.The Finished Basement, With A Separate Entrance, Offers Excellent In-Law Or Income Potential And Includes A Full Kitchen, Bedroom, Full Bathroom, And A Large Rec Room. Additional Basement Features Include A New Separate Laundry Set And New Fridge.Other Upgrades Include New Windows Throughout, New Main Floor Laundry, New Dishwasher, New Attic Insulation, And A 200-Amp Electrical Panel. Professionally Landscaped Front And Side Yards With Stone Interlock Enhance The Home's Curb Appeal And Character.Ideally Located Just Steps From Lake Wilcox, Parks, Scenic Trails, And The Community Centre, And Close To Top-Rated Schools And All Essential Amenities. A Must-See!
Estimate your monthly payments for this property
Estimated Payment
$6,856.17/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.
106 Wood Rim Drive, 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
Competitive Pricing
At $620/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 49 days on site, this property has exceeded the typical selling timeline for Richmond Hill. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Excellent Flexibility
With 5 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 4 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 $6,458 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.