
Richmond Hill
Freehold in Richmond Hill
$1,250,000
56 LAKELAND CRESCENT, Richmond Hill, L4E2Z9
MLS Number: N13428870
Beds
4
Baths
2
Listing
For Sale
Type
Freehold
Square Feet
1,500 - 2,000
Located just steps from Lake Wilcox, this side-split home sits on an exceptional 98x162 double-wide lot in one of the area's most desirable lakeside communities. Surrounded by mature greenery and backing onto a small creek, the property offers a rare combination of privacy, lot width, and redevelopment potential. The existing home features 3+1 bedrooms, 2 full bathrooms, a functional multi-level layout, main floor laundry, and direct access to the double car garage. Large windows throughout provide abundant natural light, while multiple walkouts connect seamlessly to the expansive backyard and outdoor living areas. For developers, investors, or builders, the oversized lot presents a unique opportunity in a high-demand location near Lake Wilcox, parks, schools, and amenities. Whether exploring future redevelopment possibilities, an addition, or simply capitalizing on the lot's scale and setting, this property offers outstanding long-term value in an established neighbourhood.
Estimate Tool
Mortgage Payment Calculator
Estimate monthly principal and interest, then add common carrying costs for a clearer planning number.
Down Payment
$250,000
Mortgage Amount
$1,000,000
Principal + Interest
$5,782 / mo
5-Year Term Payments
$346,919
Estimated Monthly Carrying Cost
$6,432
Includes principal, interest, property tax, condo fees, and heating estimates.
This is a planning estimate only. It excludes mortgage insurance, lender qualification rules, legal fees, insurance, utilities beyond heating, and other closing or ownership costs.
Helpful Guide
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