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Listed 14 days ago

112 Lake Avenue

Oak Ridges Lake Wilcox, Richmond Hill

$888,888

Freehold Townhouse|2-Storey
4 | 4 | 3
About this home

Welcome to 112 Lake Ave, a beautifully appointed executive freehold townhome in the highly sought-after Oak Ridges community of Richmond Hill. Surrounded by multi-million dollar homes. This spacious 4-bedroom, 4-bathroom home features a bright open-concept layout, generous living spaces, upgraded hardwood flooring, crown moulding, 9ft ceiling height on main & 2nd floors, and a spacious chef-inspired kitchen with a large custom island ideal for everyday living and entertaining. Features a low maintenance backyard with a BBQ gas line. Enjoy an exceptional location just steps from Lake Wilcox, offering easy access to nature and recreational opportunities, while Yonge St, Ozark Community Park, Oak Ridges Community Centre, public transit, Hwy 404, shops, restaurants, and everyday amenities are all conveniently nearby.The versatile ground-floor bedroom features a spa-inspired ensuite bathroom and separate rear entrance, offering excellent potential for an in-law suite, multi-generational living, or private teen retreat. A unique opportunity for buyers with potential extra income possibilities. Don't miss this exceptional opportunity in Oak Ridges!

Extras

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agent
Ephy Bookbinder
(416) 838-4804
TypeAtt/Row/Townhouse
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,481
Lot Size22.67 ft x 0 ft
mls© NumberN13877164
Listed ByRE/MAX WEST REALTY INC.

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%
$4,550
Property tax
$373
Heat allowance
$150
Housing costs
$5,073 / mo

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

Down payment20% · $177,778
25-yr amortization

Income needed

$156,000

gross annual household income

Payment at 4%
$3,741 / mo
Cash down
$177,778

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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