21 hours on Market

56 Winchester Lane, Richmond Hill, Ontario L4C 6Y7

Detached
6 + 1
8
~5000 + sqft
$5,350,000
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Detached
6 + 1
8
~5000 + sqft

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Highlights

Property Estimate

Days on market21 hours

Estimated valueNot available

Price/Sqft$535/sqft

Monthly cost

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CMA Subject Property

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+7

Properties sold*

$1.6M

Median sold price*

*Based on last 30 days

Description

Prestigious South Richvale luxury awaits in this custom-built, two-storey detached residence at Yonge and Hwy 7. With over 8,000 sq. ft. of exquisitely crafted interior space, this executive home offers six plus one bedrooms, eight baths and a three-car garage set behind an elegant circular driveway. Step through grand limestone-floored foyer into a cathedral living room, where soaring ceilings and wrought-iron staircase frame an atmosphere of refined sophistication. Ten-foot ceilings on the main level flow seamlessly into a chefs dream kitchen appointed with granite counters, premium cabinetry and adjacent breakfast areaperfect for both intimate gatherings and formal entertaining. Rich hardwood floors lead to a fully appointed home office, formal dining room and powder room with exquisite detailing. Upstairs, nine-foot ceilings crown each bedroom wing. The sumptuous master suite is a private sanctuary, complete with a cozy sitting room, dual his-and-hers walk-in closets and a private terrace overlooking the south-facing backyard. Each additional bedroom enjoys an ensuite bath and ample closet space. Descend to the finished walk-out lower level, where a recreation room, media area and fitness zone extend your living space. Outside, discover a resort-style oasis: a large in-ground pool with poolside cabana, interlocked patio and manicured gardens, all framed by a south-facing exposure for maximum sun. Every detail of this home reflects superior craftsmanship and timeless elegance. Ideally located in one of Richmond Hills most coveted neighbourhoods, this estate offers unparalleled luxury living.


Property Details

Style2-Storey
View-
Age of property16-30
SqFt~5000 + SqFt
Lot Size11,034 SqFt(151.74 x 72.72)
Parking Spaces13
MLS ®NumberN12323490
Community NameRichvale
Data SourceTRREB
Listing byBAY STREET GROUP INC.

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Fin W/O, Apartment

Features

Lot size: 11,034 SqFt
Pool: Inground

Parking

Garage spaces 3

Garage type Built-In

Other parking spaces 10

Total parking spaces 13


Property History

Aug 5, 2025
ListedActive
$5,350,000
21 hours on market
history photo preview50
Listing by trreb®

Market Data - Richvale

Geo Zone Map ThumbnailRichvale

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

40 days

Compared to

2024

40 days

2023

19 days

2022

24 days

New Listings

Past 30 days

46 listings

Compared to

2024

44 listings

2023

40 listings

2022

22 listings

Units sold

Past 30 days

18 units

Compared to

2024

7 units

2023

14 units

2022

7 units

Median Sold Price

Past 30 days

$1,637,500

Compared to

2024

$1,550,000

2023

$1,778,000

2022

$2,600,000


Population and Demographics

Overview

Total population 24003
Average household income $138,854

Age (%)

0 to 19
18%
20 to 34
17%
35 to 49
19%
50 to 64
23%
65 and plus
23%

Household composition (%)

Single family
71%
Single person
25%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
42%
Iranian Persian
16%
Russian
9%
Mandarin
8%
Italian
6%
Yue (Cantonese)
5%
Korean
3%
Persian (Farsi)
2%
Others
2%

House tenancy (%)

Owners
79%
Renters
21%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget