$5,988,000 - 48 Old Park Lane, Richmond Hill
Detached for Sale in Richmond Hill
72 days on market- MLS Number
- N12964190
- Property Type
- Detached
- Status
- active
- Days on Site
- 72
- Bedrooms
- 6
- Bathrooms
- 9
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- HAMMOND INTERNATIONAL PROPERTIES LIMITED
Welcome to The Pinnacle at Old Park Lane... a landmark estate, set on almost one acre of lush grounds atop one of the highest natural elevations in Southern Ontario.This is not just a home - it is a vision realized. Designed and built by a renowned builder as his own personal residence, every detail reflects uncompromising craftsmanship, timeless design, and enduring prestige.From the moment you arrive, the estate makes a statement. A grand circular motor court with a signature fountain creates an unforgettable first impression, setting the stage for the elegance that awaits within.Inside, expansive principal rooms are framed by soaring ceilings, intricate millwork, and sun-filled spaces that flow effortlessly for both entertaining and everyday living. The chef's kitchen, fitted with bespoke cabinetry and professional-grade appliances, opens to the family room with sweeping views of the skyline beyond.The private quarters upstairs offer serenity and comfort, with a luxurious primary suite featuring a spa-inspired ensuite and walk-in dressing room. Additional bedrooms provide generous space for family and guests alike.On the lower level, lifestyle continues with versatile areas for recreation, fitness, and relaxation-designed for modern living at its finest.Outdoors, The Pinnacle reveals its crown jewel: a resort-inspired retreat. A sparkling in-ground pool, multiple terraces, and manicured gardens offer a sanctuary for both intimate evenings and grand celebrations, all set against breathtaking vistas of the city skyline.Set on nearly one acre of beautifully landscaped land in one of Richmond Hill's most prestigious enclaves, The Pinnacle at Old Park Lane stands as a rare opportunity-a residence where setting, design, and lifestyle converge at the very highest level.This is elevated living.This... is The Pinnacle at Old Park Lane.A world of magnificence awaits.
Estimate your monthly payments for this property
Estimated Payment
$26,486.94/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.
48 Old Park 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 $1198/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.
Negotiation Opportunity
At 72 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.
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 9 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.