For saleMLS® N14174282

5 - 56 North Lake Road, Richmond Hill, ON L4E 0G5

Oak Ridges Lake Wilcox, Richmond Hill · Near Yonge St / North Lake Rd · View map

$869,988
3Beds
4Baths
1500–2000Sq ft
Freehold townhouseType
$250/moPOTL fee
Attached · 1 spaceGarage
2 totalParking
FinishedBasement
$4,333/yrTaxes
$869,988
FreeholdPOTL fee of $250 a month
Attached garage2 parking spaces in total
Finished basementExtra living space
Lot 17.1 x 113.2 ftThe land comes with the home
Trees/woods viewFrom the listing
Central airCool all summer

About this home

Imagine raising your children in family-oriented Richmond Hill Oak Ridges, in a freehold townhome on a quiet cul-de-sac, backing onto a ravine and walking trail, yet only minutes from Lake Wilcox, all the Yonge Street amenities and some of the top-ranked schools in Ontario. Welcome to Unit 5 at 56 North Lake Road! First time ever offered and well maintained by its original owner, this lovely townhome has been upgraded inside and out. 9' smooth ceilings, designer chandeliers and pot lights, together with upgraded 6" wide engineered hardwood flooring (2025), make this home stylish and welcoming. The open-concept kitchen with centre island and newer appliances makes busy mornings more appealing and manageable. Renovated spa-inspired bathrooms (2025) and a huge 24-ft deep primary retreat give you the space to relax and unwind after a long day. The finished basement, with built-in kitchen cabinetry, a 4-piece bathroom, large double closets and direct access to the garage, is perfect for family gatherings, kids' playdates or extended family stays. Enjoy your morning coffee in the private, serene ravine backyard, or take a stroll to the nearby walking trail, Lake Wilcox Park, the Oak Ridges Community Centre or the Oak Ridges Public Library. A newer roof (2021), furnace (2021) and windows (2024) give the new owner peace of mind for years to come. Walk to No Frills, Food Basics and Dollarama, Newstead Academy daycare (4.8* Google Review) and the planned Oak Ridges Secondary School (opening 2027). Other sought-after schools include Richmond Green Secondary School (8.3/10), Alexander Mackenzie High School (Arts) and Dr. G.W. Williams Secondary School (IB). It's rare to have the best of both worlds. Let your dream come true and make this home your family's residence before Christmas this year!

The home

Type
Freehold townhouse
Style
2-Storey
Square footage
1500-2000 sq ft
Bedrooms
3
Bathrooms
4
Kitchens
1
Rooms
6
Basement
Finished
Lot size
17.1 x 113.2 ft
Faces
North
View
Trees/Woods, Forest, Garden
Approximate age
16-30 years

Ownership & fees

Ownership
Freehold, with a share in common elements (POTL)
POTL fee
$250.00/mo
Fee includes
Shared parts of the complex, such as a private road. Ask what it covers.
Exterior
Brick, Stone

Heating & cooling

Heating fuel
Gas
Heating type
Forced Air
Air conditioning
Central Air
Fireplace
No

Garage & parking

Garage
Attached
Garage spaces
1
Driveway spaces
1
Total parking
2
Parking features
Private

Taxes & other

Property taxes
$4,333/yr
Tax year
2026
Occupancy
Owner
Possession
Immediate
Cross street
Yonge St / North Lake Rd
Neighbourhood
Oak Ridges Lake Wilcox

More

Price per sq ft
~$497 (at 1,750 sq ft)
MLS® number
N14174282

The home and its surroundings

  • Water Heater
  • Storage
  • Auto Garage Door Remote
  • Carpet Free
  • Greenbelt/Conservation
  • Park
  • Rec./Commun.Centre
  • School
  • Library
  • Ravine
Want to know something that isn’t listed?
Estimated monthly cost$4,120per month, all in
  • Mortgage
  • Property tax
  • POTL fee

Cash needed to close

    Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.

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    56 North Lake Road, Richmond Hill, ON L4E 0G5

    Oak Ridges Lake Wilcox, Richmond Hill · Near Yonge St / North Lake Rd

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    Sold history

    Listing history for 56 North Lake Road

    See what this home and others at the same address were listed for, what they sold for, and how long it took.

    Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.

    Questions & answers

    Frequently asked questions about 5 - 56 North Lake Road

    Answers come straight from this home’s MLS® listing.

    How much is 5 - 56 North Lake Road listed for, and what would it cost each month?

    5 - 56 North Lake Road is listed for $869,988. With 20% down ($173,998), the mortgage payment would be roughly $3,509 a month at 4.5% over 30 years. Add property tax and the common-element (POTL) fee and the estimate comes to about $4,120 a month, all in. That figure is an illustration, not a quote.

    Is 5 - 56 North Lake Road freehold or a condo, and is there a monthly fee?

    5 - 56 North Lake Road is a freehold townhouse in Oak Ridges Lake Wilcox, Richmond Hill. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, but the home is a parcel of tied land (POTL) with a common-element fee of $250.00 a month for shared parts of the complex, such as a private road, snow clearing and visitor parking. Ask what it covers before you offer.

    How many bedrooms and bathrooms does 5 - 56 North Lake Road have?

    5 - 56 North Lake Road has 3 bedrooms and 4 bathrooms. The listing gives the style as 2-storey.

    Does 5 - 56 North Lake Road have a garage and parking?

    Yes. The listing shows the garage as attached, with room for 1 car. The driveway adds 1 space. In total the listing counts 2 parking spaces.

    Does 5 - 56 North Lake Road have a finished basement?

    The listing describes the basement as finished. Finished basement space is usually not counted in the square footage shown.

    What style of home is 5 - 56 North Lake Road?

    5 - 56 North Lake Road is a freehold townhouse. A townhouse shares side walls with its neighbours; it can be freehold or part of a condo complex.

    How big is 5 - 56 North Lake Road, and what is the lot size?

    The listing puts the home between 1,500 and 2,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 17.1 x 113.2 ft.

    How is 5 - 56 North Lake Road heated and cooled?

    Heating is forced air (gas). Cooling is central air.

    What are the property taxes for 5 - 56 North Lake Road?

    Property taxes are $4,333 a year (2026), or about $361 a month.

    Where is 5 - 56 North Lake Road?

    5 - 56 North Lake Road is in the Oak Ridges Lake Wilcox community of Richmond Hill. The nearest main intersection is Yonge St / North Lake Rd. The postal code is L4E 0G5.

    Is 5 - 56 North Lake Road still for sale?

    Yes. It is an active listing (MLS® N14174282). Listings here update from the board through the day and come down once a home sells.

    What are similar properties near 5 - 56 North Lake Road asking?

    Similar properties for sale nearby right now include 23 - 56 North Lake Road at $949,888 (3 bed), 2 - 15 Old Colony Road at $868,000 (3 bed) and 24 - 15 Old Colony Road at $829,000 (3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.

    What have homes at 56 North Lake Road sold for?

    Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.

    How do I book a showing at 5 - 56 North Lake Road?

    Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.

    Have a different question? Ask about this home and get an answer, usually within the hour.

    *Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax and the common-element (POTL) fee. For illustration only.

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