23 Lakeview Ave, Whitchurch-Stouffville ON L0H 1G0

Project Completion Status

100%

Est. Interest

6%-8%

Est. Hold Period

8 months

The Lakehouse Project

Rules for the Oak Ridges Moraine and Conservation Ontario dictate that no new houses can be built as close to shore as the Lakehouse.

Key Features

  • A large recreation/bedroom at the third floor with an oversize glass deck over-sighting the lake.
  • An 20 ft high ceiling open to above at the living room.
  • A high-end modern kitchen facing the lakeview directly through an over-sized rectangle window.
  • Landscaped mezzanine patio with fire pit and view of the lake
  • 16 zone sound system by Sonos

Built to Last

The Lakehouse is constructed with attention to every detail, using the finest hardware and natural materials. It’s a thoroughly modern home, future-ready to ensure a carefree, easy-maintenance lifestyle for decades.

Exterior Walls – plywood, not wafer board, 2×6 framed, North American wood strip siding, natural stone
Windows – wood thermal (aluminum clad)
Doors – Solid maple interior; steel exterior doors; custom-curved front door
Floors – Hardwood floors throughout; cork in lower level, leather in wine cellar

And More

  • Landscaped mezzanine patio with fire pit and view of the lake
  • 16 zone sound system by Sonos

Property

PROPERTY TYPE:Residential – Detached
ZONING:Residential
ZONING DATA SOURCE:Town
CURRENT USE:Single Family Residential
PROJECTED USE:Single Family Residential
OCCUPANCY:Vacant
SECURE:Yes
PROPERTY CONDITION:Good
PROPERTY FEATUREs:Private Lake, Lake view
Square footage of house:4,746 sq. ft.
Total Living Space:6,021 sq. ft.
Property size:17,595 sq. ft.
Property Frontage:150 sq. ft.
Property Depth:150 sq. ft.
Lake size:Approximately 70 acres
No. of Storey:3

Financial

LAND VALUE$900,000
TOTAL CONSTRUCTION COST:$800,000
MISC, SOFT COST:100,000
TOTAL INVESTMENT:$1,800,000
TOTAL LOAN AMOUNT:$600,000
MINIMUM INVESTMENT:$100,000
EST. ANNUAL INTEREST:6%-8%*
EST. HOLD PERIOD:8 months
INTEREST RESERVE:$40,000
LOAN PURPOSE:Construction
LOAN TO EST. AS-IS VALUE:60.00%**
LOAN TO EST. FUTURE VALUE:28.00%**
LOAN TO EST. CONSTRUCTION VALUE:75.00%**

On the Lake, Close to the City

A visionary home of exquisite design in a breathtaking natural setting, practical for family life and still luxurious in its aesthetic and intimate interaction with nature — all on a beautiful lakeshore just minutes from downtown Toronto.

The Lakehouse offers the seemingly impossible — a relaxed cottage lifestyle within easy reach of a world-class city. Uniquely nested on the south shore of Lake Preston, it is much closer to the lake than any nearby home and enjoys superior views and privacy.

Life by the Lake

Preston Lake and its park provide a lively community life for everyone. Boating, fishing and swimming are just a few of the activities you’ll enjoy. A nearby park with a sandy beach and playground is open to all members of the Preston Lake South Shore Association.

Stunning views of fields and forests across the lake, and surrounding the property, are part of the Oak Ridges Moraine.

 

Transit Access to Toronto

Current Access
GO Train Richmond Hill Station is a 14-minute drive away, taking Hwy 404 south to Major MacKenzie Drive
View transit map

Future Access
Bloomington GO Station is a proposed train and bus station to be located in Richmond Hill, serving Oak Ridges and the town of Whitchurch-Stouffville. It will be the terminus of the Richmond Hill line train service when construction is completed in the mid to late 2010s.