Detached House for sale at 164 Milky Way Drive, Richmond Hill, Ontario, L4C 4Y3 - Observatory - MLS: N12209588

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164 Milky Way Drive

Richmond Hill, Ontario, L4C 4Y3 - Observatory

$3,150,000

Virtual Tour

Neighbourhood

Observatory
Major Intersection

Bayview/16th Ave

Listed Since: 29 day(s)
Last update: 29 day(s) ago

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Overview

Property Type

Detached, 2 1/2 Storey
Bedrooms

4
Bathrooms

6
Basement

Part Fin
Kitchen

1
Total Parking

5 (3 Attached Garage)
Lot Size

44.99x98.52 (Feet)
Taxes

$12,674.02 (2024)
Type

Freehold

Property Description

Property description for 164 Milky Way Drive, Richmond Hill

Welcome to the Luxurious Detached 3-storey Home in Richmond Hill's Most Prestigious And Sought After Community - Observatory Hill! This Impressive Residence Offers Over 6000 SQFT Including Bsmt of living space on a Fronting-on-south lot, No SIDEWALK, providing plenty of room for both relaxation and entertainment. The rare found 3-CAR GARAGE and 2 driveway spots make it ideal for the multi-car family. The open unfinished bsmt allows for various layouts and configurations, catering to different needs and preferences up to its full potential, and fulfilling your imagination with your style and vision. The 3rd floor Loft gives you a versatile space that can be Utilized into In- Law Suite, Nanny suite, or entertainment room. The interlocking backyard and driveway are not only aesthetically curb appealing but also durable, maintenance low, and environmentally friendly. Other features and/or why this house are: *All 4 Bedrooms have their own Ensuite and Very Spacious (All Bedrooms Can Fit A King-size Bed)! *High ceilings:10' On Main floor, 9' On 2nd And in Basement; *Hardwood Floor Thru-Out; *Flat Ceilings, Pot Lights, Main Floor Office, 2nd Floor Laundry; *Waffle Ceiling In the Family Room; *Gas Fireplace; *Over $$$K Builder + Custom Upgrades; *Excellent Layout with Open Concept, Upgraded Kitchen W/Large Breakfast Area and Walk out to the Backyard; *High-End S/S Appliances, Backsplash, Wolf Induction Cooktop; Wolf Range Hood, B/I Sub-Zero double-door fridge, B/I Wolf Microwave/Oven, B/I Asko dish washer and lots of soft-closing cabinets as storage; 2 Furnace/AC; *Prime Location in a Top-Ranked School Zone, Bayview Secondary School & Sixteenth Avenue Public School; *Just a 5-minute drive to the GO Station and 8 minutes to Highways 404 and 407; *Conveniently situated near David Dunlap Observatory Park, this area offers the perfect blend of nature and urban living! *Close to public transit, restaurants, schools, shopping mall, Supermarket and other amenities. A Must See!

Listed by RE/MAX REALTRON REALTY INC.

Property details

MLS #

N12209588
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

0-5
Pool

None
Drive

Private
Garage

Attached, 3 spaces
Total Parking

5
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Concrete
Elevator

n/a
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 #

N12209588
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

0-5
Pool

None
Drive

Private
Garage

Attached, 3 spaces
Total Parking

5
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Concrete
Elevator

n/a
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

4.9 x 4.84 ft Main level

hardwood floor, Combined W/Living, Coffered Ceiling
Office

3.32 x 2.72 ft Main level

hardwood floor, Window, O/Looks Frontyard
Kitchen

7.17 x 4.51 ft Main level

Porcelain Floor, O/Looks Backyard, Centre Island
Family

5.91 x 4.05 ft Main level

hardwood floor, Gas Fireplace, O/Looks Backyard
Powder Rm

2.15 x 1.3 ft Main level

Porcelain Floor, 2 Pc Bath, Mirrored Walls
Primary

5.48 x 5.31 ft 2nd level

hardwood floor, 5 Pc Ensuite, W/I Closet
2nd Br

4.83 x 4.17 ft 2nd level

hardwood floor, 3 Pc Ensuite, Closet
3rd Br

4.97 x 4.18 ft 2nd level

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

4.26 x 3.82 ft 2nd level

hardwood floor, 3 Pc Ensuite, W/I Closet
Loft

4.71 x 4.13 ft 3rd level

hardwood floor, W/O To Balcony, O/Looks Backyard
Games

7.63 x 3.73 ft 3rd level

hardwood floor, Window, O/Looks Frontyard

Contact Manoj Kukreja

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

Open house for 164 Milky Way Drive, Richmond Hill

Property History

Property history for 164 Milky Way Drive, Richmond Hill

This property has been sold 2 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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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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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.