48 Old Park Lane is a 5-bedroom, 6-bathroom detached home in Richmond Hill, listed for $5,988,000. It has 5000 + sq ft of living space.
1Welcome to The Pinnacle at Old Park Lane... a landmark estate, set on almost one acre of lush grounds atop one of the highest natural elevations in Southern Ontario.This is not just a home - it is a vision realized.
2BasementFinished with Walk-Out, as described in the listing.
Welcome to The Pinnacle at Old Park Lane... a landmark estate, set on almost one acre of lush grounds atop one of the highest natural elevations in Southern Ontario.This is not just a home - it is a vision realized. Designed and built by a renowned builder as his own personal residence, every detail reflects uncompromising craftsmanship, timeless design, and enduring prestige.From the moment you arrive, the estate makes a statement. A grand circular motor court with a signature fountain creates an unforgettable first impression, setting the stage for the elegance that awaits within.Inside, expansive principal rooms are framed by soaring ceilings, intricate millwork, and sun-filled spaces that flow effortlessly for both entertaining and everyday living. The chef's kitchen, fitted with bespoke cabinetry and professional-grade appliances, opens to the family room with sweeping views of the skyline beyond.The private quarters upstairs offer serenity and comfort, with a luxurious primary suite featuring a spa-inspired ensuite and walk-in dressing room. Additional bedrooms provide generous space for family and guests alike.On the lower level, lifestyle continues with versatile areas for recreation, fitness, and relaxation-designed for modern living at its finest.Outdoors, The Pinnacle reveals its crown jewel: a resort-inspired retreat. A sparkling in-ground pool, multiple terraces, and manicured gardens offer a sanctuary for both intimate evenings and grand celebrations, all set against breathtaking vistas of the city skyline.Set on nearly one acre of beautifully landscaped land in one of Richmond Hill's most prestigious enclaves, The Pinnacle at Old Park Lane stands as a rare opportunity-a residence where setting, design, and lifestyle converge at the very highest level.This is elevated living.This... is The Pinnacle at Old Park Lane.A world of magnificence awaits.
5 bedrooms, 6 bathrooms, about 5,000 sq ft, works out to roughly $1,198 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 48 Old Park Lane
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
5000 + sq ftas stated on the listing
Lot size
63.36 x 244.00 Feet (Almost 1Ac Irregular)
Parking
14 spacesYes garage
Basement
Finished with Walk-Out
Features & systems
Parking & garage
Garage
Yes
Parking spaces
14
Interior
Basement
Finished with Walk-Out
Exterior & construction
Pool
Yes
Lot & land
Lot dimensions
63.36 x 244.00 Feet (Almost 1Ac Irregular)
Lot size (sqft)
0
Lot features
Irregular Lot
Listing & possession
Property style
2-Storey
Property class
Detached
48 Old Park Lane Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N12964190$5,988,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 48 Old Park Lane 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 →
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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
$29,417
/mo
based on the purchase price of $5,988,000
$1,197,600 cash
$4,790,400 financed
$4,034,774 total interest
Principal54%$4,790,400
Interest46%$4,034,774
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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
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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 4–5 bed homes for sale in Richmond Hill around $6.0M.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio98.6%On average, homes sold below asking.
Active listings1,123Homes for sale here right now.
Median vs prior 90 days+3.6%Compared with May 6 – Aug 4, 2026: prices up.
Based on 823 sales from Aug 4 – Nov 2, 2026 (614 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
48 Old Park Lane is listed at $5,988,000 (MLS® N12964190). Summitly updates the price as soon as the MLS® record changes.
Is $5,988,000 a good price for 48 Old Park Lane?
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 48 Old Park Lane changed?
No — 48 Old Park Lane is still listed at its original asking price of $5,988,000.
How many bedrooms and bathrooms does 48 Old Park Lane have?
48 Old Park Lane has 5 bedrooms and 6 bathrooms, with about 5,000 square feet of living space. It is a detached home in Richmond Hill.
Is 48 Old Park Lane close to transit?
The nearest rapid-transit station is Richmond Hill GO Station (Richmond Hill GO), about 1.9 km (about a 24-minute walk) in a straight line. Langstaff GO Station is about 3.6 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 48 Old Park Lane?
About $29,417 a month — principal and interest on $5,988,000 with 20% down ($1,197,600), 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 48 Old Park Lane compare with other homes in Richmond Hill?
Its asking price of $5,988,000 is about 425% above the median sold price in Richmond Hill over the last 90 days, $1,140,000, across 823 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 48 Old Park Lane been sold before?
Summitly has no earlier MLS® sale or lease of 48 Old Park Lane on record from the last two years. Older records aren't shown under TRREB rules.
Where is 48 Old Park Lane?
48 Old Park Lane is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 48 Old Park Lane been on the market?
209 days — 48 Old Park Lane was listed on April 7, 2026.
What is the price per square foot of 48 Old Park Lane?
About $1,198 per square foot: the asking price of $5,988,000 over the 5,000 sq ft the listing gives.
Does 48 Old Park Lane have parking or a garage?
Yes — the listing gives 14 parking spaces. Garage: Yes.
