$3,288,000Asking Price
55 Newman Avenue, Richmond Hill, ON L4E 3E5
Oak Ridges Lake Wilcox, Richmond Hill
Rare opportunity to own a stunning raised bungalow situated on an expansive 5.25-acre serviced lot in the highly sought-after Oak Ridges community of Richmond Hill. Located at 55 Newman Avenue, this exceptional property is just a short walk to the beautiful Lake Wilcox, offering the perfect blend of nature and convenience. Surrounded by mature trees and featuring three natural ponds, this private retreat is truly a nature lover's paradise. The property boasts approximately 1,000 feet of frontage across three roads, presenting incredible future potential for investors, builders, or those looking to create a custom dream estate. The existing residence offers over 1,300 sq. ft. plus a fully functional walk-out basement apartment, providing immediate rental income potential or multigenerational living options. The home has also been recently updated with upgraded flooring and fresh paint throughout. An ideal setting to build your dream home while enjoying tranquility, privacy, and proximity to all essential amenities, parks, and top-rated schools.
Rare opportunity to own a stunning raised bungalow situated on an expansive 5.25-acre serviced lot in the highly sought-after Oak Ridges community of Richmond Hill. Located at 55 Newman Avenue, this exceptional property is just a short walk to the beautiful Lake Wilcox, offering the perfect blend of nature and convenience. Surrounded by mature trees and featuring three natural ponds, this private retreat is truly a nature lover's paradise. The property boasts approximately 1,000 feet of frontage across three roads, presenting incredible future potential for investors, builders, or those looking to create a custom dream estate. The existing residence offers over 1,300 sq. ft. plus a fully functional walk-out basement apartment, providing immediate rental income potential or multigenerational living options. The home has also been recently updated with upgraded flooring and fresh paint throughout. An ideal setting to build your dream home while enjoying tranquility, privacy, and proximity to all essential amenities, parks, and top-rated schools.
See MoreKey Info
- Bungalow Detached
- 12-Car Driveway
- 2-Car Detached Garage
- Bayview Ave / Newman
- 1100-1500 Approximate Sq Feet
- 2 + 1 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 587 x 0 Feet
- Taxes were $10,701 in 2025
Details
- Fireplace
- Family Room
- Sewers
- Municipal Water
- MLS #N12945610
- GALAXY STARS REALTY INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 10.60' x 15.06' | Ceramic Floor, Walkout To Deck |
| 2 | Kitchen | Lower | 13.52' x 12.70' | Ceramic Floor, Walkout To Ravine |
 | 1 4-Piece Bathroom | |||
| 1 4-Piece Bathroom | |||
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Who lives here?
Oak Ridges Lake Wilcox, Richmond Hill is a north GTA neighbourhood notable for its executives, business and education, law & public sector professionals, salespeople and tradespeople. It has a higher than average population of immigrants from China, and Russian speakers. Residents tend to be younger with a significant number of kids aged 5 to 14 and adults aged 30 to 54.
Families
Kids Per Family
1.4
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
35%
of residents are
single and loving it.
35% singles
Richmond Hill (39%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
13%
of residents
are renters.
13% renters
Richmond Hill (19%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
50%
of residents are
university grads.
50% university grads
Richmond Hill (54%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$160K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 15% |
| Business | 13% |
| Sciences | 9% |
| Management | 9% |
| Government | 8% |
Immigrants
54%
of residents were
born outside of Canada.
54% immigrants
Richmond Hill (59%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
14.2% from China
All-time
Birthplace - Recent
4.2% from China
Recent
Foreign Languages
Foreign Languages
| Mandarin | 13% |
| Cantonese | 10% |
| Persian | 9% |
| Russian | 5% |
| Italian | 3% |
Religions
Religions
| Christian | 50% |
| Muslim | 11% |
| Jewish | 4% |
| Hindu | 2% |
| Buddhist | 2% |
