Re-listed 15 days ago

48 Old Park Lane, Richmond Hill, Ontario L4B 2L3

Detached
5 + 1
9
~5000 + sqft
$•••,•••
$6,980,000
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$69,800Cashback
Detached
5 + 1
9
~5000 + sqft

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Highlights

Property Estimate

Days on market15 days

Total days on market
171 days

Estimated valueNot available

Price/Sqft$698/sqft

Monthly cost

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CMA Subject Property

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+8

Properties sold*

$3.1M

Median sold price*

*Based on last 30 days

Description

Introducing the crown jewel of Bayview Hill now available to the most discerning buyers. Set on the most prestigious street in the neighbourhood, this extraordinary estate, originally built by the developer as their personal residence, seamlessly blends timeless European charm with modern luxury. Perched on a rare fan-shaped lot, the gated property offers sweeping views across Richmond Hill, Markham, Toronto, and beyond. Every inch of this home radiates elegance, from the ultra-high-end custom finishes to the professionally landscaped, ultra-private grounds. Outdoors, enjoy a 50-foot in-ground pool, multiple gazebos, tranquil rock gardens, fountains, and a full outdoor kitchen with pizza oven ideal for both entertaining and relaxation. With over 8,000 sq. ft. of finished living space, the residence includes 5+1 bedrooms, soaring 10-foot ceilings, five fireplaces, and multiple walkouts leading to a grand stone terrace. The centerpiece is a dramatic bifurcated staircase in a 24-foot-high barrel-vaulted marble foyer an architectural showpiece. A sun-filled solarium with Mexican tile and heated floors adds comfort and character, while the private hot tub offers the perfect retreat. The lower level is designed for entertaining, featuring a media room, billiards room, grotto-inspired wine cellar, steam room, and full kitchen with garden walkout. A 4-car climate-controlled garage with a car hoist caters to automobile enthusiasts. The opulent primary suite includes dual bathrooms, two walk-in dressing rooms, and a private studio. Upgrades such as geothermal heating and cooling bring efficiency to luxury. Located in one of the GTAs top school districts, close to Bayview Hill Elementary and Bayview Secondary, this home represents the pinnacle of elegant suburban living. A rare offering seeing truly is believing.


Property Details

Style2-Storey
ViewPark/Greenbelt, Trees/Woods
Age of property31-50
SqFt~5000 + SqFt
Lot Size15,459 SqFt(244 x 63.36)
Parking Spaces14
MLS ®NumberN12257668
Community NameBayview Hill
Data SourceTRREB
Listing bySOTHEBY'S INTERNATIONAL REALTY CANADA

Features

Heating: Other
Central Vacuum
Cooling: Other
Fireplace
Basement: Fin W/O

2nd Floor

5th Br

5.36 x 5.03

W/I Closet / hardwood floor / Bay Window

3rd Br

4.65 x 4.11

W/I Closet / hardwood floor

4th Br

4.78 x 4.75

W/I Closet / hardwood floor / Crown Moulding

Primary

11.79 x 5.41

Marble Fireplace / 6 Pc Ensuite / 4 Pc Ensuite


Features

Lot size: 15,459 SqFt
Pool: Inground

Parking

Garage spaces 4

Garage type Attached

Other parking spaces 10

Total parking spaces 14


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
15 days on market
history photo preview50
Listing by trreb®

Market Data - Bayview Hill

Geo Zone Map ThumbnailBayview Hill

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

60 days

Compared to

2024

36 days

2023

5 days

2022

18 days

New Listings

Past 30 days

10 listings

Compared to

2024

21 listings

2023

14 listings

2022

11 listings

Units sold

Past 30 days

1 unit

Compared to

2024

8 units

2023

4 units

2022

4 units

Median Sold Price

Past 30 days

$2,380,000

Compared to

2024

$3,117,500

2023

$3,140,000

2022

$2,692,500


Population and Demographics

Overview

Total population 9113
Average household income $181,728

Age (%)

0 to 19
21%
20 to 34
17%
35 to 49
17%
50 to 64
24%
65 and plus
21%

Household composition (%)

Single family
85%
Single person
11%
Multi person
2%
Multi family
2%

Mother tongue (%)

English
32%
Yue (Cantonese)
23%
Mandarin
23%
Iranian Persian
7%
Others
6%
Arabic
1%
Italian
1%

House tenancy (%)

Owners
85%
Renters
15%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget