28 Lake Ave is a 2-bedroom, 2-bathroom detached home in Richmond Hill, listed for $1,150,000. It has 700-1100 sq ft of living space.
1Location, Lot Size & Future Potential!
2This detached home features 2+1 bedrooms, hardwood floors, an updated kitchen and a finished walk-up basement with a second kitchen and separate entrance.
Location, Lot Size & Future Potential! Situated on a deep 50 x 150 ft lot, just the third property from Yonge Street in the heart of Oak Ridges. Surrounded by established neighbourhoods and current and future developments, this property offers exciting possibilities for homeowners and investors. This detached home features 2+1 bedrooms, hardwood floors, an updated kitchen and a finished walk-up basement with a second kitchen and separate entrance. Spacious backyard with plenty of room to enjoy. Steps to transit, shopping and amenities, with Lake Wilcox, parks and schools nearby. Move in, renovate, invest or explore future redevelopment possibilities. A compelling opportunity in a growing Richmond Hill community!
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $1,643 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 28 Lake Ave
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
700-1100 sq ftas stated on the listing
Lot size
50.00 x 150.00 Feet
Parking
6 spaces
Basement
Finished, Walk-Up
Features & systems
Parking & garage
Parking spaces
6
Interior
Basement
Finished · Walk-Up
Lot & land
Lot dimensions
50.00 x 150.00 Feet
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
28 Lake Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N14108040$1,150,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 28 Lake Ave Compares to the Richmond Hill Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$5,650
/mo
based on the purchase price of $1,150,000
$230,000 cash
$920,000 financed
$774,881 total interest
Principal54%$920,000
Interest46%$774,881
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
Own a home on Lake Avenue? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 28 Lake Ave with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 28 Lake Ave day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Richmond Hill
Other 3–4 bed homes for sale in Richmond Hill around $1.1M.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio98.8%On average, homes sold below asking.
Active listings1,203Homes for sale here right now.
Median vs prior 90 days+2.8%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 807 sales from Jul 24 – Oct 22, 2026 (591 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
28 Lake Ave is listed at $1,150,000 (MLS® N14108040). Summitly updates the price as soon as the MLS® record changes.
Is $1,150,000 a good price for 28 Lake Ave?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Richmond Hill. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 28 Lake Ave changed?
No — 28 Lake Ave is still listed at its original asking price of $1,150,000.
How many bedrooms and bathrooms does 28 Lake Ave have?
28 Lake Ave has 2 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in Richmond Hill.
Is 28 Lake Ave close to transit?
The nearest rapid-transit station is Gormley GO Station (Richmond Hill GO), about 4.3 km in a straight line. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 28 Lake Ave?
About $5,650 a month — principal and interest on $1,150,000 with 20% down ($230,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 28 Lake Ave compare with other homes in Richmond Hill?
Its asking price of $1,150,000 is about the same as the median sold price in Richmond Hill over the last 90 days, $1,131,000, across 807 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 28 Lake Ave been sold before?
Summitly has no earlier MLS® sale or lease of 28 Lake Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 28 Lake Ave?
28 Lake Ave is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 28 Lake Ave been on the market?
28 Lake Ave was listed today (October 22, 2026).
What is the price per square foot of 28 Lake Ave?
About $1,045 to $1,643 per square foot: the asking price of $1,150,000 over the 700–1,100 sq ft the listing gives as its size range.
