48 Old Park Lane

Richmond Hill | Bayview Hill | L4B 2L3
  • 5 + 1
  • 9
  • 0

$7,658,000

Est. Mtg $25,967 /mo
  • Days on market

    84

  • Status

    New

Listing Broker SOTHEBY`S INTERNATIONAL REALTY CANADA
Since listed: 3 views

Home details

MLS #:

N11944726

Property type:
Detached
Style:
2-Storey
Taxes:
$36,483
Possession:
Lot Front:
63.36   Feet
Lot Depth:
244.0   Feet
Basement:
Fin W/O |
Driveway Pkg:
10
Heat:
Grnd Srce | Other

Description


48 Old Park Lane, , Richmond Hill, Ontario is a Detached property in Richmond Hill and in the Bayview Hill community in the L4B 2L3 postal code


Introducing the crown jewel of Bayview Hill now available for the discerning few. Set on the most prestigious street in the neighbourhood, this exquisite estate, originally built by the developer as their personal residence, blends timeless European elegance with modern luxury. Situated on a sprawling, fan-shaped lot, the gated mansion offers breathtaking views of Richmond Hill, Markham, Toronto, and beyond. Every detail of this home exudes sophistication, from its ultra-luxurious custom finishes to its meticulously landscaped grounds, ensuring total privacy. The expansive outdoor space includes a 50-foot in-ground pool, multiple gazebos, rock gardens, fountains, and an outdoor kitchen with a pizza oven creating the perfect setting for both relaxation and grand entertaining. Spanning over 8,000 square feet of living space, this estate features 5+1 bedrooms, grand rooms with 10-foot ceilings, and five fireplaces. Multiple walkouts lead to a stunning stone terrace that overlooks the grounds, offering seamless indoor-outdoor living. At the heart of the home is a striking bifurcated staircase set within a 24-foot-high barrel-vaulted marble foyer, an architectural masterpiece. The sun-drenched solarium with Mexican tile and underfloor heating adds warmth and elegance, while a private hot tub invites ultimate relaxation. The lower level is an entertainers dream, with a media room, billiard room, grotto-style wine cellar, steam room, and a full kitchen opening to the garden-ideal for hosting unforgettable gatherings. The 4-car climate-controlled garage, complete with a car hoist, ensures convenience and luxury. The primary suite offers dual bathrooms, two dressing rooms, and a private studio space. Recent upgrades, including geothermal heating and cooling, ensure comfort and efficiency. Located in one of the GTAs top school districts, with Bayview Hill and Bayview High nearby, this exceptional estate offers the ultimate in luxury living. Seeing is believing..

Extras

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History

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List Date End Date List Price End Price Status MLS #
2024-05 2024-10 $7,980,000 $7,980,000 Exp N8356350
2025-01 2025-02 $7,658,000 $7,658,000 New N11944726

Comparables

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sold Date Address List Price sold Price DOM
2025-01 19 King's Cross Ave, $2,380,000 $2,438,000 3
2025-01 41 Strathearn Ave, $2,688,900 $2,570,000 67
2025-01 59 Henricks Cres, $3,298,000 $3,112,000 61
2024-11 486 Palmer Ave, $2,897,000 $2,750,000 69
2024-11 1 Shallmar Gdns, $2,048,000 $2,188,000 8
2024-10 128 Boake Tr, $3,880,000 $3,588,000 48
2024-08 487 Palmer Ave, $1,999,000 $2,100,000 23
2024-08 8 Kingmount Cres, $2,799,000 $2,650,000 7
2024-08 68 Boake Tr, $2,888,000 $3,368,000 16
2024-08 9 Delevan Crt, $3,198,000 $3,153,000 40
2024-07 27 Hillsborough Crt, $2,388,000 $2,550,000 8
2024-07 22 Edmund Cres, $3,188,000 $3,110,000 31
2024-07 10 Old Park Lane, $3,488,000 $3,430,000 81
2024-06 5 Dalewood Dr, $3,528,000 $3,300,000 20
2024-05 3 Old Park Lane, $2,280,000 $2,508,000 15

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity Detached

Sale activity

Richmond Hill :

Properties sold

96

Average sale price

$2,165,047

New Listings

283

Year on Year Growth

-2.83%

Municipality activity All Property Types

Sale activity

Richmond Hill :

Average sale price

$1,550,498

Properties sold

197

New Listings

563

Days on Market

15

Sale $ / List $

105%

Year on Year Growth

-3.68%


Sale Chart - Detached

Richmond Hill Average Price (2 Years):

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Sale Chart - Detached

TRREB Total Average Price (2 Years):

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Estimated running costs for 48 Old Park Lane

Based on available 3rd party data

$29142

Approximate costs per month

Mortgage
$25967 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$3040 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Cul De Sac
  • Fenced Yard
  • Rec Centre
Listing Broker SOTHEBY`S INTERNATIONAL REALTY CANADA
Data Source: TRREB

Payment calculator

$29007 monthly. In association with: TD Bank
%
  • Principal and Interest
    25967 /mo
  • Property Taxes
    $3040 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Ali Norouzi, Realtor

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