151 days on Market

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

Detached
5 + 1
9
~5000 + sqft
$7,658,000
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Detached
5 + 1
9
~5000 + sqft

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Highlights

Property Estimate

Days on market151 days

Estimated valueNot available

Price/Sqft$766/sqft

Monthly cost

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+10

Properties sold*

$2.7M

Median sold price*

*Based on last 30 days

Description

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.


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 ®NumberN11944726
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

4th Br

4.78 x 4.75

W/I Closet / hardwood floor / Crown Moulding

5th Br

5.36 x 5.03

W/I Closet / hardwood floor / Bay Window

Primary

11.79 x 5.41

Marble Fireplace / 6 Pc Ensuite / 4 Pc Ensuite

2nd Br

8.38 x 3.99

Semi Ensuite / W/I Closet / hardwood floor


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

Jan 27, 2025
ListedActive
$7,658,000
151 days on market
history photo preview40
Listing by trreb®

Market Data - Bayview Hill

Geo Zone Map ThumbnailBayview Hill

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

42 days

Compared to

2024

18 days

2023

15 days

2022

14 days

New Listings

Past 30 days

16 listings

Compared to

2024

20 listings

2023

13 listings

2022

12 listings

Units sold

Past 30 days

7 units

Compared to

2024

10 units

2023

10 units

2022

7 units

Median Sold Price

Past 30 days

$2,590,000

Compared to

2024

$2,663,000

2023

$2,929,888

2022

$2,900,000


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