56 North Lake Rd #23, Richmond Hill

Name: 56 North Lake Road, Unit 23
SKU: N14110502
Price: 949888 CAD
Availability: InStock

3 Bed, 2 Bath Townhouse in Richmond Hill

Unit 23 at 56 North Lake Road

Welcome To This Beautifully Renovated Bright & Spacious Freehold Townhome, Ideally Situated In One Of Richmond Hill's Most Sought-After Neighbourhoods. Designed With Modern Living In Mind, The Open-Concept Main Floor Features 9-Foot Smooth Ceilings, Hardwood Flooring And A Functional Layout Perfect For Both Everyday Living And Entertaining. The Kitchen Is Equipped With Stainless Steel Appliances, Quartz Countertops, Backsplash And Offers A Walk-Out To A Zero Maintenance Turf Backyard. No Mowing, Just Enjoy The Space. You Also Have Direct Access To The Garage And Basement From Within The Home, Along With A Second-Floor Laundry Room. Upstairs, The Spacious Primary Bedroom Features A Walk-In Closet And A Private 3-Piece Ensuite. The Finished Basement Provides Additional Living Space With A Large, Open Recreation Area-Ideal For A Family Room, Playroom, Home Gym Or Entertaining Space. Potential To Be Converted Into A Self-Contained Apartment With A Separate Entrance & Rough-In For A Kitchen. Enjoy An Exceptional Location Surrounded By Everyday Conveniences, Including Grocery Stores, Restaurants, Cafés, Top Rated Schools, A Community Centre With Pool Facilities, Transit And Scenic Walking Trails. Parks, Golf Courses And Beautiful Lake Wilcox Are Just Moments Away, While Gormley GO Station Is Approximately A 10-Minute Drive. A Fantastic Opportunity To Enjoy Comfortable Family Living In An Outstanding Richmond Hill Community!

3 bedrooms, 2 bathrooms, about 1,500 sq ft, works out to roughly $633 per square foot. Chat with Zara if you'd like a deeper read on whether this townhouse fits your budget and timing.

Inside 56 North Lake Rd #23

Every detail from the listing, in one place.

Type: Townhouse
Style: 2-Storey
Living space: 1500-2000 sq ftas stated on the listing
Parking: 3 spacesYes garage
Basement: Finished

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 3

Interior

Basement: Finished

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: 2-Storey
Property class: Att/Row/Townhouse

56 North Lake Rd #23 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Oct 23, 2026For saleListedThis listingMLS® N14110502$949,888

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 56 North Lake Rd #23 Compares to the Richmond Hill Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Good Deal· based on 1,392 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Richmond Hill market, last 90 days

Median sold price: $1,131,800
Average sold price: $1,240,457
Average days on market: 34
Homes sold: 803

Closed sales on the TRREB MLS®.

Full Richmond Hill market report

Market pulse · Richmond Hill

Richmond Hill market

Median sold price$1,131,800Last 90 days
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio98.8%On average, homes sold below asking.
Active listings1,207Homes for sale here right now.
Median vs prior 90 days+2.9%Compared with Apr 26 – Jul 25, 2026: prices up.

Based on 803 sales from Jul 25 – Oct 23, 2026 (591 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Richmond Hill

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 23 — 56 North Lake Road 3 bd · 2 ba · 1,500 sqft	$949,888asking	$633	—	—
45 Kahshe Lane 4 bd · 3 ba · 2,000 sqft
16 Windrow Street 4 bd · 2 ba · 1,500 sqft
3 Chao Crescent 3 bd · 3 ba · 1,500 sqft
148 Observatory Lane 3 bd · 2 ba · 1,100 sqft
73 Ducharme Drive 3 bd · 2 ba · 2,000 sqft
12 Quattro Avenue 4 bd · 2 ba · 1,500 sqft

45 Kahshe Lane
4 bd · 3 ba · 2,000 sqft
16 Windrow Street
4 bd · 2 ba · 1,500 sqft
3 Chao Crescent
3 bd · 3 ba · 1,500 sqft
148 Observatory Lane
3 bd · 2 ba · 1,100 sqft
73 Ducharme Drive
3 bd · 2 ba · 2,000 sqft
12 Quattro Avenue
4 bd · 2 ba · 1,500 sqft

Living in Richmond Hill: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

Gormley GO StationRichmond Hill GO4.4 km

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

Gormley GO Station (Richmond Hill GO)4.4 km

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

Gormley GO Station
4.4 kmClosest· Richmond Hill GO
Homes near Gormley GO Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 56 North Lake Rd #23. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 56 North Lake Rd #23

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $4,667; 20% down · 25 years · 5.5% assumed
Property tax: $522; 0.66% mill rate · ON
Total per month: $5,189; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$4,667

/mo

based on the purchase price of $949,888

Down payment20%

$189,978 cash

Amortization25 yr

$759,910 financed

Rate5.50%

$640,044 total interest

Principal54%$759,910

Interest46%$640,044

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.

Book a tour of 56 North Lake Rd #23 with a licensed buyer's agent

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Zara, any time

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Questions About 56 North Lake Rd #23

How much is 56 North Lake Rd #23 listed for?

56 North Lake Rd #23 is listed at $949,888 (MLS® N14110502). Summitly updates the price as soon as the MLS® record changes.

Is $949,888 a good price for 56 North Lake Rd #23?

Summitly rates it Good Deal: the asking price is 3% to 10% below 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 56 North Lake Rd #23 changed?

No — 56 North Lake Rd #23 is still listed at its original asking price of $949,888.

How many bedrooms and bathrooms does 56 North Lake Rd #23 have?

56 North Lake Rd #23 has 3 bedrooms and 2 bathrooms, with about 1,500–2,000 square feet of living space. It is a townhouse in Richmond Hill.

Is 56 North Lake Rd #23 close to transit?

The nearest rapid-transit station is Gormley GO Station (Richmond Hill GO), about 4.4 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 56 North Lake Rd #23?

About $4,667 a month — principal and interest on $949,888 with 20% down ($189,978), 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 56 North Lake Rd #23 compare with other homes in Richmond Hill?

Its asking price of $949,888 is about 16% below the median sold price in Richmond Hill over the last 90 days, $1,131,800, across 803 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 56 North Lake Rd #23 been sold before?

Summitly has no earlier MLS® sale or lease of 56 North Lake Rd #23 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 56 North Lake Rd #23?

56 North Lake Rd #23 is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 56 North Lake Rd #23 been on the market?

56 North Lake Rd #23 was listed today (October 23, 2026).

What is the price per square foot of 56 North Lake Rd #23?

About $475 to $633 per square foot: the asking price of $949,888 over the 1,500–2,000 sq ft the listing gives as its size range.

Does 56 North Lake Rd #23 have parking or a garage?

Yes — the listing gives 3 parking spaces. Garage: Yes.

56 North Lake Rd #23, Richmond Hill

What you should know

3 Bed, 2 Bath Townhouse in Richmond Hill

Unit 23 at 56 North Lake Road

Inside 56 North Lake Rd #23

Features & systems

56 North Lake Rd #23 Price & Sale History

How 56 North Lake Rd #23 Compares to the Richmond Hill Market

Richmond Hill market, last 90 days

Recently sold nearby in Richmond Hill

Living in Richmond Hill: Location & Amenities

How long is your commute?

Costs, Mortgage & Rental Return for 56 North Lake Rd #23

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on North Lake Road? See what yours is worth

Zara, any time

A licensed local agent

See 56 North Lake Rd #23, Richmond Hill in person

Similar homes for sale nearby in Richmond Hill

Explore More Townhouses in Richmond Hill

3 Bed, 2 Bath Townhouse in Richmond Hill

Unit 23 at 56 North Lake Road

Inside 56 North Lake Rd #23

Features & systems

56 North Lake Rd #23 Price & Sale History

How 56 North Lake Rd #23 Compares to the Richmond Hill Market

Richmond Hill market, last 90 days

Market pulse · Richmond Hill

Recently sold nearby in Richmond Hill

Living in Richmond Hill: Location & Amenities

Transit nearby

Transit

How long is your commute?

Costs, Mortgage & Rental Return for 56 North Lake Rd #23

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on North Lake Road? See what yours is worth

Zara, any time

A licensed local agent

See 56 North Lake Rd #23, Richmond Hill in person

Questions About 56 North Lake Rd #23

How much is 56 North Lake Rd #23 listed for?

Is $949,888 a good price for 56 North Lake Rd #23?

Has the price of 56 North Lake Rd #23 changed?

How many bedrooms and bathrooms does 56 North Lake Rd #23 have?

Is 56 North Lake Rd #23 close to transit?

How much would the monthly mortgage be on 56 North Lake Rd #23?

How does 56 North Lake Rd #23 compare with other homes in Richmond Hill?

Has 56 North Lake Rd #23 been sold before?

Where is 56 North Lake Rd #23?

How long has 56 North Lake Rd #23 been on the market?

What is the price per square foot of 56 North Lake Rd #23?

Does 56 North Lake Rd #23 have parking or a garage?

Similar homes for sale nearby in Richmond Hill

Explore More Townhouses in Richmond Hill

Market pulse · Richmond Hill

Transit nearby

Transit

Questions About 56 North Lake Rd #23

How much is 56 North Lake Rd #23 listed for?

Is $949,888 a good price for 56 North Lake Rd #23?

Has the price of 56 North Lake Rd #23 changed?

How many bedrooms and bathrooms does 56 North Lake Rd #23 have?

Is 56 North Lake Rd #23 close to transit?

How much would the monthly mortgage be on 56 North Lake Rd #23?

How does 56 North Lake Rd #23 compare with other homes in Richmond Hill?

Has 56 North Lake Rd #23 been sold before?

Where is 56 North Lake Rd #23?

How long has 56 North Lake Rd #23 been on the market?

What is the price per square foot of 56 North Lake Rd #23?

Does 56 North Lake Rd #23 have parking or a garage?