197 Douglas Road

1 / 19

$1,930,000

197 Douglas Road

Oak Ridges Lake Wilcox, Richmond Hill · MLS® N13682022

548

House · Single Family · 68 days on market

listed by EUGENIO STURINO, REMAX YOUR COMMUNITY REALTY

realtor's description

Attention Developers, Builders & Investors! Rare Oversized Lot in Prime Richmond Hill ,Incredible opportunity to own an oversized 55 x 287 ft lot in one of Richmond Hills most desirable areas steps from Lake Wilcox. This property offers dual potential: Build your dream home now Unlock rear lot development as part of a future back-lot subdivision opportunity. Existing Home Features: Spacious 5-bedroom home, Finished basement with separate entrance ideal for in-law suite or rental income, Surrounded by mature trees and nature. Just a short walk to Sunset Beach and Lake Wilcox Whether you're looking to build now or land bank for future development, this is a rare find with huge upside in a high-demand neighborhood.

property details

type: House, Single Family
bedrooms: 5
bathrooms: 4
parking: 8
property tax: $7,716 / yr
days on market: 68
MLS®: N13682022

monthly cost

$9,052/mo

Mortgage $8,409 · Tax $643

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$8,409/ monthly

loan $1,544,000

25-year amortization

down payment20% · $386,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $978,647
cash to close: $386,000; down payment; transfer tax and fees not included
total paid: $2,522,647

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.