$1,249,000 - 88 Lakeland Crescent, Richmond Hill
Detached for Sale in Richmond Hill
New — Listed yesterday- MLS Number
- N13460484
- Property Type
- Detached
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RE/MAX HALLMARK ESTATE GROUP REALTY LTD.
This beautiful side-split sits on an extraordinary 111 ft x 153/137 ft double-wide lot, siding onto tranquil greenspace with only one neighbour and a babbling brook running through the backyard - a truly rare blend of nature, privacy, and space. Just steps to Lake Wilcox in one of the area's most coveted lakeside communities, close to parks, schools and amenities, this property offers exceptional width, seclusion, and endless possibilities... Whether enjoying the home as it is, planning a future addition, exploring redevelopment, or simply maximizing the scale and setting, the long-term value is outstanding. The updated home features 3 bedrooms, 2 full bathrooms, and a functional open-concept layout and is flooded with natural light. The lovely updated kitchen with stainless appliances provides ample storage and large windows overlooking the backyard and creek, where you can watch ducks float by as you cook. Upstairs, the king-size primary bedroom is joined by two inviting bedrooms and a generous, updated main bath. The renovated lower level includes a separate entrance, new flooring, pot lights, a 3-piece bathroom, laundry room, and a crawlspace for storage. A double-car garage includes a rear roll-up door with garden access - perfect for boaters - plus a spacious standalone workshop heated with a wood stove and offering impressive ceiling height. The massive backyard features a charming gazebo, and brick sitting area. A remarkable opportunity in an established, highly desirable neighbourhood. Don't miss this special lakeside living offering!
Estimate your monthly payments for this property
Estimated Payment
$5,524.75/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.
88 Lakeland Crescent, 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 $1784/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Richmond Hill's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $5,204 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.