315 North Lake Road, Richmond Hill

$1,479,000
315 North Lake Road

$1,479,000

New
28d
Detached2-Storey

315 North Lake Road, Richmond Hill

Total Monthly Obligation $6,939

Beds
4
Baths
5
Park
6
Sqft
2500-3000
DOM
28d
Score
16
Yield
3.8%
Cash on Cash
-6.8%
Cap Rate
3.1%
5Y IRR
10.2%
10Y IRR
10.4%
Property Type-Detached
MLS® Number-N13830754
Beds-4
Bathrooms-5
Size-2500-3000 sqft
Lot Size-42.88 × 105.07 ft
Listed on site-Sep 25, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$7,171.48 (2026)
Parking-8 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-POWER 7 REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Immediate/Flexible
Neighbourhood-Oak Ridges Lake Wilcox
Title-Residential Freehold

No agent assigned

Welcome to 315 North Lake Road-an entertainer's dream in one of Richmond Hill's most sought-after communities, just steps from Lake Wilcox and surrounded by the natural beauty of Jefferson Forest. This stunning 2-storey home offers a bright, sun-filled foyer with oversized windows and a modern open-concept layout designed for both everyday living and hosting.The gourmet chef's kitchen features built-in stainless steel appliances, quartz countertops, a stylish backsplash, and undermount lighting, all seamlessly connected to the main living space and sunken living room with a fireplace. Upstairs, the spacious primary bedroom offers a spa-inspired 5-piece ensuite, creating the perfect private retreat.The fully finished recreation room is ideal for entertaining, complete with a home theatre setup, wet bar, gas fireplace, and a 3-piece bath. Thoughtfully updated throughout, this home showcases modern finishes from top to bottom and has been meticulously maintained.Step outside to a beautifully upgraded backyard featuring a full deck transition from a poured stone patio-perfect for summer gatherings and outdoor relaxation.Enjoy an unbeatable lifestyle just a short walk to Lake Wilcox, with access to parks, trails, a community centre, beach volleyball, and swimming in the summer, plus skating and ice fishing in the winter. Explore scenic mountain biking and walking trails throughout Jefferson Forest, all while benefiting from quick access to Gormley GO Station and Highway 404-just a 5-minute drive away. Experience the charm of cottage-style living with all the conveniences of the city nearby.

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$1,183,200
Land Transfer Taxes$26,055
Legal Fees (Est.)
$
Total cash required for closing$323,355

Total Monthly Obligation

$6,939/mo
Mortgage $5,966
Monthly Loss $5,369
Principal$1,570
Interest$4,396
Property Tax$598
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.2%1
5-Year IRR
7.6%21
10-Year IRR
8.6%
Returns Index
11.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$56,604/yr
NOI
$39,272/yr
Net Cash Flow
-$2,693/mo
Cash Margin
-57.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo22
Risk Index
15.2/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 315 North Lake Road

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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