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Listed 8 days ago

116 OAK Avenue

South Richvale, Richmond Hill

$5,500,000

Detached|2-Storey
5 | 9 | 6
About this home

Sleek & stunning contemporary masterpiece in prestigious South Richvale offering over 11,170 sq.ft. of luxurious living space, including approximately 6,400 sq.ft. above grade plus a spectacular 3,770 sq.ft. lower level. Designed with uncompromising attention to detail, this exceptional residence features 5+1 bedrooms, 9 designer washrooms, 12-ft ceilings on the main floor, 10-ft ceilings on the upper level, and 9.5-ft ceilings below grade. A grand arrival begins with the heated driveway and heated walkways, setting the tone for the extraordinary luxury found throughout. A breathtaking 27-ft sun-filled central atrium with soaring ceilings and multiple skylights creates an unforgettable first impression, while the custom open-rise Art Deco-inspired hardwood staircase with intricate railings serves as the home's architectural centrepiece. Heated tiled floors, zen-inspired clean lines, and expansive open-concept living spaces blend warmth with sophisticated contemporary design. The chef-inspired kitchen showcases premium Miele appliances, a fully equipped prep kitchen, premium cabinetry, and a dramatic stone waterfall centre island. The lavish primary retreat features a private balcony, His & Hers walk-through closets, and a spa-inspired 7-piece ensuite complete with a steam shower and heated floors. Designed for exceptional entertaining and wellness, the sprawling lower level offers a home theatre, wine cellar, recreation room, games room, wet bar, nanny suite, and a private gym with sauna and 3-piece bath. Additional luxury features include a 4-level elevator, Control4 home automation, Sonos surround sound throughout, and automated window coverings. The spectacular resort-style backyard is an entertainer's dream, highlighted by an oversized covered veranda, outdoor BBQ kitchen, pergola, spa jacuzzi, and a magnificent 20 x 40 ft. saltwater inground pool, creating the ultimate private oasis for relaxing and entertaining in style.

Extras

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. Age0-5
Size5000 + sq. ft.
Property Tax$23,592
Lot Size60 ft x 241 ft
mls© NumberN13607706
Listed ByRE/MAX REALTRON 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%
$28,151
Property tax
$1,966
Heat allowance
$150
Housing costs
$30,267 / mo

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

Down payment20% · $1,100,000
25-yr amortization

Income needed

$931,000

gross annual household income

Payment at 4%
$23,145 / mo
Cash down
$1,100,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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