48 Old Park Lane
Bayview Hill, Richmond Hill, L4B 2L3
FOR SALE
$7,658,000
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5 + 1
BEDROOMS9
BATHROOMS1 + 1
KITCHENS13 + 6
ROOMSN11944726
MLSIDContact Us
Property 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.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-21 | 2024-10-21 | 153 | $7,980,000 | - | Expired |
Extras
Please note that a top notch extensive geothermal heating/cooling system was installed. Even though the spectacular outdoors are currently a winter wonderland, this is a great time to show the home as it exudes warmth.
Nearby Intersections
Bayview & Weldrick (15)
Leslie & 16th Avenue (11)
Property Features
Cul De Sac, Fenced Yard, Rec Centre
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
5000+
Lot Size
63' x 244'
Acreage
.50-1.99
Lot Irregularities
Almost 1Ac Irregular
Fronting
East
Taxes
$35,251 (2024)
Basement
Fin W/O
Exterior
Brick
Heat Type
Other
Heat Source
Grnd Srce
Air Conditioning
Other
Water
Municipal
Pool
Inground
Parking Spaces
10
Driveway
Circular
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Ground | 15.58' x 19.85' | Marble Fireplace, Wainscoting, Hardwood Floor |
| Dining | Ground | 19.91' x 24.18' | W/O To Terrace, O/Looks Garden, Marble Floor |
| Kitchen | Ground | 19.26' x 32.74' | W/O To Terrace, Skylight, Hardwood Floor |
| Family | Ground | 16.40' x 32.15' | Combined W/Solarium, Wet Bar, Marble Fireplace |
| Library | Ground | 13.58' x 14.24' | Marble Fireplace, Panelled, B/I Bookcase |
| Solarium | Ground | 21.92' x 32.91' | Wood Stove, Cathedral Ceiling, Hot Tub |
| Prim Bdrm | 2nd | 17.75' x 38.68' | Marble Fireplace, 6 Pc Ensuite, 4 Pc Ensuite |
| 2nd Br | 2nd | 13.09' x 27.49' | Semi Ensuite, W/I Closet, Hardwood Floor |
| 3rd Br | 2nd | 13.48' x 15.26' | W/I Closet, Hardwood Floor |
| 4th Br | 2nd | 15.58' x 15.68' | W/I Closet, Hardwood Floor, Crown Moulding |
| 5th Br | 2nd | 16.50' x 17.59' | W/I Closet, Hardwood Floor, Bay Window |
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Richmond Hill Market Statistics
Richmond Hill Price Trend
48 Old Park Lane is a 5-bedroom 9-bathroom home listed for sale at $7,658,000, which is $5,223,000 (214.5%) higher than the average sold price of $2,435,000 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 5 bedroom home in Richmond Hill declined by $1,290,617 (34.6%) compared to the previous 30 day period (November 19 - December 18) and down $313,750 (11.4%) from the same time one year ago.Inventory Change
There were 20 5-bedroom homes listed in Richmond Hill over the last 30 days (December 19 - January 17), which is up 81.8% compared with the previous 30 day period (November 19 - December 18) and up 150.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Richmond Hill typically sold ($101,495) (4.2%) below asking price over the last 30 days (December 19 - January 17), which represents a $64,341 increase compared to the previous 30 day period (November 19 - December 18) and ($191,950) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Richmond Hill over the last 30 days (December 19 - January 17) stood at 10.0%, down from 100.0% over the previous 30 days (November 19 - December 18) and down from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 9-bathroom home in Richmond Hill stood at 65 days when successfully sold over the last 30 days (December 19 - January 17), compared to 97 days before being removed from the market upon being suspended or terminated.Listing contracted with Sotheby's International Realty Canada
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