Detached House for sale at 121 Milky Way Drive, Richmond Hill, Ontario, L4C 4L9 - Observatory - MLS: N12257978

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121 Milky Way Drive

Richmond Hill, Ontario, L4C 4L9 - Observatory

$3,300,000

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Neighbourhood

Observatory
Major Intersection

Yonge St/Bayview Ave/16th Ave

Listed Since: 16 day(s)
Last update: today

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Overview

Property Type

Detached, 2 1/2 Storey
Bedrooms

4 + 3
Bathrooms

6
Basement

Finished + Full
Kitchen

1
Total Parking

4 (2 Built-In Garage)
Lot Size

44.99x98.52 (Feet)
Taxes

$12,759.85 (2025)
Type

Freehold

Property Description

Property description for 121 Milky Way Drive, Richmond Hill

RAVINE!! RAVINE!! RAVINE!! 2022 Luxury Build By Aspen Ridge, Over 6,000 Sqft Living Space With 4-Level ELEVATOR!! Backing Onto Treed Lot & Neighboring The David Dunlap Observatory!! Boasting 4+3 Bedrooms & 6 Bathrooms, 2 1/4 Storey Including Rooftop Patio, Soaring 10ft Ceilings On Main Floor!! Chef's Gourmet Kitchen Featuring Sub Zero Fridge, Wolf Gas Stove, Huge 17ft Wide Waterfall Centre Island + Servery, Coffered Ceilings In Living & Dining Rooms, Primary Bedroom With Huge Walk-In Closet, Seating Area & 5pc Ensuite Including Water Closet & Heated Floor, 2nd Bedroom With Walk-In Closet & 4pc Ensuite, 3rd & 4th Bedroom With 5pc Jack & Jill Bathroom, 3rd Level Loft Features Walkout To Rooftop Deck, Wet Bar & 4pc Bathroom, Finished Basement With Wet Bar & Separate Den, Located On Observatory Hill & Neighboring The David Dunlap Observatory, Top Rated Schools Including Bayview Secondary School With IB Program, Jean Vanier Catholic High School, Richmond Rose Public School, Crosby Heights With Gifted Program, Beverley Acres French Immersion, Richmond Hill Montessori, TMS & Holy Trinity Private Schools!! Minutes From Yonge St, Hillcrest Mall, Mackenzie Health Hospital, Richmond Hill GO-Station & Hwy 404

Listed by KAMALI GROUP REALTY

Property details

MLS #

N12257978
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

0-5
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

N

MLS #

N12257978
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

0-5
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

N

Living

5.8 x 5.69 ft Main level

Coffered Ceiling, 2 Way Fireplace, hardwood floor
Dining

4.91 x 4.26 ft Main level

Formal Rm, Large Window, hardwood floor
Kitchen

6.63 x 4.79 ft Main level

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

3.31 x 3.07 ft Main level

O/Looks Frontyard, Separate Rm, hardwood floor
Primary

5.53 x 4.6 ft 2nd level

O/Looks Ravine, W/I Closet, hardwood floor
Den

4.28 x 3.68 ft 2nd level

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

5.56 x 3.75 ft 2nd level

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

5.93 x 3.07 ft 2nd level

Double Closet, Semi Ensuite, hardwood floor
4th Br

4.09 x 3.67 ft 2nd level

Double Closet, Semi Ensuite, hardwood floor
Loft

7.33 x 6.67 ft 3rd level

W/O To Terrace, 4 Pc Bath, Wet Bar
Rec

10.14 x 5.34 ft Bsmt level

Open Concept, Above Grade Window, Wet Bar
Den

4.31 x 4.18 ft Bsmt level

Separate Rm, Above Grade Window

Contact Manoj Kukreja

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

Open house for 121 Milky Way Drive, Richmond Hill

Property History

Property history for 121 Milky Way Drive, Richmond Hill

This property has been sold 3 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Schools

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Neighbourhood Amenities & Points of Interest

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Local Real Estate Price Trends for Detached in Observatory

Active listings

Average Selling Price of a Detached

June 2025

$1,662,500

Last 3 Months

$2,232,667

Last 12 Months

$2,221,800

June 2024

$1,927,500

Last 3 Months LY

$2,360,167

Last 12 Months LY

$2,167,486

Change

-14%

Change

-5%

Change

Number of Detached Sold

June 2025

Last 3 Months

Last 12 Months

June 2024

Last 3 Months LY

Last 12 Months LY

Change

-50%

Change

-40%

Change

-33%

How many days Detached takes to sell (DOM)

June 2025

Last 3 Months

Last 12 Months

June 2024

Last 3 Months LY

Last 12 Months LY

Change

-61%

Change

16%

Change

65%

Average Selling price

Inventory Graph

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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.