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Oak Ridges Lake Wilcox, Richmond Hill
$4,679,000
Discover the potential for luxury at 566 Sunset Beach Road, a prime property on the prestigious south side of Lake Wilcox. Currently home to a charming traditional, 7+1 bedroom / 5+1 bathroom family residence, this .75-acre lot offers breathtaking Lake Wilcox views from most rooms and private lake access across the 131 feet of lake frontage, setting the stage for a future multi-family luxury estate. Nestled in one of Richmond Hills' most desirable neighbourhoods within the GTA, this location provides easy access to land and water sports without the long commute north, perfect for a lifestyle of relaxation and recreation across all four seasons.The existing home, originally a builder's showcase, has been lovingly maintained by the current owners for 27 years. It features a 2-bedroom in-law / teenager suite apartment above the 3-car garage, ideal for extended family or guests, and a self-contained nanny suite on the lower level with a bedroom, kitchen, and sitting / dining areas. Additionally, there is a large recreation room with a wood-burning fireplace and a walkout to a ground-level swim-spa (offering hot tub and swim against the current options), gazebo, dry boathouse, fire pit and the stunning lake.The south side of Lake Wilcox is celebrated for its sandy, shallow access, offering a superior experience compared to the north. Set high above the manicured & landscaped lawns, this property provides a serene retreat, even during nature's most intense storms. With its R3/N1 zoning, the property presents endless possibilities for customization, allowing you to create a contemporary luxury home that reflects your vision.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 3500-5000 sq. ft. |
| Property Tax | $20,887 |
| Lot Size | 125.88 ft x 303.73 ft |
| mls© Number | N13153182 |
| Listed By | RIGHT AT HOME REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $23,949
- Property tax
- $1,741
- Heat allowance
- $150
- Housing costs
- $25,840 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$795,000
gross annual household income
- Payment at 4%
- $19,690 / mo
- Cash down
- $935,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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