Detached House for sale at 164 Milky Way Drive, Richmond Hill, Ontario, L4C 4Y3 - Observatory - MLS: N12829382

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164 Milky Way Drive

Richmond Hill, Ontario, L4C 4Y3 - Observatory

$2,970,000

Neighbourhood

Observatory
Major Intersection

Bayview Ave & 16th Ave

Listed Since: 31 day(s)
Last update: today

Overview

Property Type

Detached, 2 1/2 Storey
Bedrooms

4 + 1
Bathrooms

6
Basement

Part Fin
Kitchen

1
Total Parking

5 (3 Attached Garage)
Lot Size

44.95x98.43 (Feet)
Taxes

$13,060.00 (2025)
Type

Freehold

Property Description

Property description for 164 Milky Way Drive, Richmond Hill

Welcome to 164 Milky Way Drive, an exceptional three-storey detached home offering 4,545 square feet of luxurious above-grade living space (as per MPAC), ideally situated in one of Richmond Hill's most sought-after communities.complete with a 3-car tandem garage. Set on a premium south facing lot with no sidewalk, this remarkable home blends architectural presence with impeccable craftsmanship and tons of custom upgrades. A grand double door entry introduces soaring 10 foot ceilings on the main level and 9 foot ceilings on the upper and lower levels. Rich hardwood flooring flows throughout, complemented by coffered and waffle ceilings, pot lights with dimmers. Designed for both grand entertaining and everyday living, the open concept layout features a formal dining area, a private main floor office, and an inviting family room with a statement waffle ceiling and gas fireplace. The chef inspired kitchen is a showcase of luxury with custom cabinetry, soft closing drawers, and an expansive center island, while a bright breakfast area walks out to the beautifully interlocked backyard. All four bedrooms are generously proportioned, each with its own private ensuite, every room comfortably accommodating a king size bed. The primary retreat offers a spa inspired five piece ensuite and walk in closet. The expansive third floor loft with balcony access provides exceptional flexibility ideal as a guest suite, nanny quarters, executive office, or additional entertainment space. The open basement offers further customization potential. Perfectly positioned minutes to GO Transit, Highways 404 and 407, David Dunlap Observatory Park, fine shopping, dining, and everyday conveniences.

Listed by EXP REALTY

Property details

MLS #

N12829382
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Tandem
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

Main
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

Y

MLS #

N12829382
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Tandem
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

Main
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

Y

Dining

4.83 x 4.55 ft Main level

hardwood floor, Combined W/Living, Pot Lights
Family

6.1 x 4.05 ft Main level

hardwood floor, Coffered Ceiling, Gas Fireplace
Library

3.32 x 2.73 ft Main level

hardwood floor, Pot Lights, O/Looks Frontyard
Kitchen

4.5 x 3.78 ft Main level

Porcelain Floor, Quartz Counter, B/I Appliances
Breakfast

4.5 x 3.45 ft Main level

Porcelain Floor, W/O To Yard, Pot Lights
Primary

5.48 x 5.31 ft 2nd level

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

4.97 x 4.18 ft 2nd level

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

4.82 x 4.15 ft 2nd level

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

4.26 x 3.82 ft 2nd level

hardwood floor, 3 Pc Ensuite, W/I Closet
Common Rm

7.63 x 3.72 ft 3rd level

hardwood floor, 3 Pc Bath, B/I Shelves
Loft

4.7 x 4.13 ft 3rd level

hardwood floor, W/O To Terrace, Pot Lights

Contact Manoj Kukreja

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

Property History

Property history for 164 Milky Way Drive, Richmond Hill

This property has been sold 4 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

Average Selling Price of a Detached

February 2026

$2,106,667

Last 3 Months

$2,187,870

Last 12 Months

$1,925,518

February 2025

$2,353,944

Last 3 Months LY

$1,422,581

Last 12 Months LY

$2,272,298

Change

-11%

Change

54%

Change

-15%

Average Selling price

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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

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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.