$4,988,888 - 126 WOOD Lane, Richmond Hill
Detached for Sale in Richmond Hill
Popular Listing- MLS Number
- N13236980
- Property Type
- Detached
- Status
- active
- Days on Site
- 10
- Bedrooms
- 6
- Bathrooms
- 6
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Client RemarksModern, High technology Custom built home on one of a kind lot overlooking Mill Pond. Sprawling Forested Lot. One of the Largest Properties & Most Desirable Location. Showcases Refined and Superior Attention to Details. Expansive Principal Spaces Beautifully Appointed w/Modern Finishes. 12F Main Floor Ceiling and 10F 2nd Floor Ceiling. Gourmet Chef-inspired Kitchen w/ Custom Cabinetry, Quartz Counters and Walk-out to Extraordinary Backyard Retreat. Heated Concrete Floors Though out main Floor and Basement. Spacious main Floor Office With Fireplace & Book matched Stone Surround. Hardwood Floors Through out 2nd floor. Custom Aluminum European Windows. Custom Front Door. Solid Core Interior Doors with Magnetic Lock. Ultra Modern paneled Walls. Masterpiece Oak Stairs with Open Raiser Steps and Aluminum and Glass Railings. LED Modern Lights. Custom Window Coverings. Primary Bedroom w/Bespoke walk-in Closet, opulent 6 piece ensuite w/Steamcore Spa & Soaking Tub. 3 other bedrooms with W/I Closets and Own Ensuites. Lower Level Boast Wet Bar (can be used as 2nd kitchen). Large Living/Dining Room w/walk-out to backyard. Bedroom with 3 piece ensuite. Theater Room. Sophisticated Street Presence w/Heated Driveway
Estimate your monthly payments for this property
Estimated Payment
$22,067.53/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.
126 WOOD 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 $1425/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 3,500 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 6 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 $20,787 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.