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Listed 19 days ago

26 Douglas Road

Oak Ridges Lake Wilcox, Richmond Hill

$1,680,000

Detached|Bungalow
3 | 1 | 4
About this home

A rare opportunity to acquire an exceptional 1+ acre property in the prestigious Oak Ridges community, surrounded by luxury custom estates. Situated on an expansive lot with impressive frontage, this property offers outstanding potential to build a spectacular custom residence of 5,000+ sq. ft. (subject to all required approvals).Nestled in one of Richmond Hill's most desirable neighbourhoods, enjoy a private, nature-inspired setting just steps from Lake Wilcox, Lake Wilcox Waterfront Park, and the Oak Ridges Community Centre, featuring scenic boardwalks, playgrounds, and year-round recreational amenities. Conveniently located close to top-rated schools, parks, public transit, the Oak Ridges Library, and the shops, restaurants, and everyday conveniences along Yonge Street.The existing home has been tastefully updated with new laminate flooring throughout, a renovated bathroom with a modern glass-enclosed shower, and a newly installed heat pump system. Currently tenanted, providing immediate rental income while you finalize plans, secure approvals, or build your dream luxury estate.An outstanding opportunity to invest, develop, or create a one-of-a-kind custom home in one of the GTA's most sought-after communities. Rarely does a property of this size and location become available in Oak Ridges-don't miss this exceptional opportunity.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$8,890
Lot Size58.51 ft x 661 ft
mls© NumberN13579954
Listed ByHOMELIFE NEW WORLD REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,599
Property tax
$741
Heat allowance
$150
Housing costs
$9,490 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $336,000
25-yr amortization

Income needed

$292,000

gross annual household income

Payment at 4%
$7,070 / mo
Cash down
$336,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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