Detached House for sale at 121 Milky Way Drive, Richmond Hill, Ontario, L4C 4L9 - Observatory - MLS: N12858652

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121 Milky Way Drive

Richmond Hill, Ontario, L4C 4L9 - Observatory

$2,850,000

Neighbourhood

Observatory
Major Intersection

Bayview Ave & 16th Ave

Listed Since: 30 day(s)
Last update: 3 day(s) ago

Overview

Property Type

Detached, 2 1/2 Storey
Bedrooms

4 + 2
Bathrooms

6
Basement

Finished
Kitchen

1
Total Parking

4 (2 Built-In Garage)
Lot Size

44.95x98.43 (Feet)
Taxes

$13,148.00 (2025)
Type

Freehold

Property Description

Property description for 121 Milky Way Drive, Richmond Hill

Welcome To An Extraordinary Home Backing Onto A Ravine In Prestigious Observatory Hill. A 2022 Aspen Ridge Masterpiece Offering Over 6,800 Square Feet Of Living Space, Including 4,303 Square Feet Above Grade Per MPAC Plus 2,276 Square Feet Of Finished Basement. Approximately $300,000 in premium upgrades and renovations. Complete With A Rare Four Level Elevator, Offering Effortless Elegance And Convenience Throughout The Home. Framed By Distinctive Stone And Brick Exteriors And An Architecturally Controlled Streetscape, This Residence Showcases Soaring 10 Foot Ceilings, Smooth Ceilings Throughout, Elegant Coffered Detailing, Stained Oak Staircases With Upgraded Pickets, And Engineered Oak Hardwood Flooring Across The Main And Upper Levels . The Chef Inspired Kitchen Is A Masterpiece Of Sophisticated Design, Appointed With Extended Height Cabinetry, Premium Quartz Countertops And A Quartz Slab Backsplash, Stainless Steel Undermount Sinks, Hansgrohe Faucets, A Wolf Gas Range And Sub Zero Fridge (2022), Plus A Dramatic 17 Foot Waterfall Island And Servery. Boasting 4 Plus 3 Lavishly Appointed Bedrooms And 6 Beautifully Designed Bathrooms Across All Levels. The Home Offers A Lavish Primary Retreat With Heated Ensuite Floors And A Freestanding Tub. A Stunning Third Level Loft Complete With A Wet Bar And Walkout To A Private Rooftop Terrace With Breathtaking Ravine Views. The Finished Basement Elevates Entertaining With A Recreation Area, Separate Den, Wet Bar And Radiant Heated Slab. Enhanced By A High Efficiency Heating System With Smart Thermostat, 200 Amp Electrical Service, Rough In For EV Charging, Central Vacuum, HRV System, And Tarion Backed Structural Warranty. Located in a coveted enclave surrounded by scenic trails, lush greenspace, minutes from Yonge Street, Hillcrest Mall, Mackenzie Health Hospital, Richmond Hill GO Station, and Highway 404.

Listed by EXP REALTY

Property details

MLS #

N12858652
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Private
Garage

Built-In, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Flat
Foundation

Poured Concrete
Elevator

Y
Water View

n/a
Laundry Level

Upper
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

Y

MLS #

N12858652
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Private
Garage

Built-In, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Flat
Foundation

Poured Concrete
Elevator

Y
Water View

n/a
Laundry Level

Upper
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

Y

Dining

4.87 x 4.22 ft Main level

hardwood floor, Pot Lights, Large Window
Family

5.65 x 5.54 ft Main level

hardwood floor, Coffered Ceiling, 2 Way Fireplace
Library

3.3 x 3.04 ft Main level

hardwood floor, Sliding Doors, Large Window
Kitchen

6.56 x 4.36 ft Main level

hardwood floor, Centre Island, W/O To Yard
Primary

5.49 x 4.58 ft 2nd level

hardwood floor, 5 Pc Ensuite, O/Looks Ravine
Den

4.28 x 3.68 ft 2nd level

hardwood floor, 2 Way Fireplace, O/Looks Ravine
2nd Br

5.54 x 3.72 ft 2nd level

hardwood floor, 4 Pc Ensuite, W/I Closet
3rd Br

5.2 x 3.05 ft 2nd level

hardwood floor, Semi Ensuite, B/I Closet
4th Br

4.05 x 3.65 ft 2nd level

hardwood floor, Semi Ensuite, B/I Closet
Loft

7.3 x 3.03 ft 3rd level

hardwood floor, 4 Pc Bath, W/O To Terrace
Rec

10.1 x 5.29 ft Bsmt level

Laminate, Heated Floor, Wet Bar
Den

4.27 x 4.17 ft Bsmt level

Laminate, Heated Floor, Above Grade Window

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 121 Milky Way Drive, Richmond Hill

This property has been sold 7 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Local Real Estate Price Trends for Detached in Observatory

Active listings

Historical Average Selling Price of a Detached in Observatory

Average Selling Price

3 years ago

$1,253,500

Average Selling Price

5 years ago

$1,881,978

Average Selling Price

10 years ago

$1,014,860

Change

85%

Change

23%

Change

129%

How many days Detached takes to sell (DOM)

March 2026

Last 3 Months

Last 12 Months

March 2025

Last 3 Months LY

Last 12 Months LY

Change

-38%

Change

67%

Change

-11%

Average Selling price

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First time home buyer

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.