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Listed 9 days ago

173 Lakeland Crescent

Oak Ridges Lake Wilcox, Richmond Hill

$4,950,000

Detached|2-Storey
4 | 7 | 10
About this home

Exceptional custom-built waterfront estate on the shores of Lake Wilcox, in the prestigious Oak Ridges community of Richmond Hill. Set on a rare 75-foot direct waterfront lot, this magnificent 4+1 bedroom, 7-bathroom residence offers over 8,000 sq. ft. of luxurious living space with unobstructed panoramic views of the largest kettle lake on the Oak Ridges Moraine.Built to commercial-grade engineering standards, this one-of-a-kind home showcases soaring coffered ceilings, custom millwork, hardwood floors, premium granite and porcelain finishes, and a built-in surround sound system throughout. The gourmet chef's kitchen features top-tier appliances, two oversized islands, a walk-in pantry, and a sun-filled breakfast area overlooking the pool and lake. The Great Room impresses with 14-foot ceilings, a custom gas fireplace, and breathtaking waterfront views, while the elegant living and dining rooms are designed for entertaining.The luxurious primary suite offers a private lakeside sitting area, fireplace, and a spa-inspired ensuite with a freestanding soaking tub overlooking the private backyard. The finished 2,500 sq. ft. walk-up lower level features a home theatre, custom wine cellar, wet bar, fitness room, indoor cedar sauna, and an additional bedroom. The professionally landscaped backyard is a private waterfront retreat featuring a heated saltwater pool, built-in hot tub, cabana, outdoor kitchen, gas fire pit, and direct lake access for boating, kayaking, paddle boarding, and winter skating.Just steps to Lake Wilcox Park, canoe and kayak clubs, and Oak Ridges Moraine trails, with easy access to Bloomington GO Station and Highway 404. 3-car garage with heated floors and automatic car lift accommodates four vehicles, plus a private driveway for six more, offering 10 parking spaces. A rare opportunity to own one of Richmond Hill's finest custom waterfront estates

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. AgeNot available
Size5000 + sq. ft.
Property Tax$17,438
Lot Size75.06 ft x 210.99 ft
mls© NumberN13607200
Listed ByRE/MAX REALTRON REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$25,336
Property tax
$1,453
Heat allowance
$150
Housing costs
$26,940 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $990,000
25-yr amortization

Income needed

$829,000

gross annual household income

Payment at 4%
$20,830 / mo
Cash down
$990,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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