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181 Milky Way Drive

Richmond Hill, Ontario, L4C 5H3 - Observatory

$2,699,000

Neighbourhood

Observatory
Major Intersection

Bayview Ave & 16th Ave

Listed Since: 1 day(s)
Last update: today

Overview

Property Type

Detached, 3-Storey
Bedrooms

4 + 1
Bathrooms

6
Basement

Finished
Kitchen

1
Total Parking

4 (2 Attached Garage)
Lot Size

44.95x98.43 (Feet)
Taxes

$12,647.00 (2025)
Type

Freehold

Property Description

Property description for 181 Milky Way Drive, Richmond Hill

Rare Opportunity In Prestigious Observatory Hill! Aspen Ridge Built Araya Model With Loft Offering Over 4,300 Sq Ft Above Grade Plus A Professionally Finished Basement. This Luxury 3-Storey Detached Home Features 4+1 Bedrooms, 6 Bathrooms, 10 Ft Main Floor Ceilings, 9 Ft Second Floor Ceilings With 10 Ft Ceilings In 3 Bedrooms, Upgraded Ceiling Details In The Family Room, Coffered Ceiling In The Primary Bedroom, 8 Ft Second Floor Doors, 7-Inch Premium Hardwood Flooring, Luxury Glass Railing Staircase, 57 Pot Lights, Two Double-Sided Gas Fireplaces, Premium Window Coverings, 2 HVAC Systems With Built-In Humidifiers, And Extensive Designer Upgrades Throughout. Chef's Kitchen Featuring Custom Extended-Height Cabinetry, Extended Quartz Waterfall Island, Quartz Countertops, Brushed Gold Hardware, Chimney Hood Fan, Built-In Sub-Zero, Wolf, Miele And Cove Appliances, Pantry And Breakfast Area With Walk-Out To The Backyard. Spacious Primary Retreat With Gas Fireplace, Pocket Door, Custom Walk-In Closet And 5-Piece Ensuite. Third-Floor Loft With Wet Bar, Custom Cabinetry, 4-Piece Bath And Walk-Out To A Private Balcony Of Over 280 Sq Ft Offers Exceptional Flexible Living Space. Professionally Finished Basement With Heated Flooring, Recreation Area, Home Theatre, Bathroom, Lounge/Bar Area And Ample Storage. Over $500K In Total Improvements, Including Approx. $350K In Premium Builder Upgrades And Approx. $150K Spent By The Current Owner On Basement Finishing And Professional Interlocking At The Front Driveway, Side Yard And Backyard. Conveniently Located Near Bayview Secondary School, Parks, Transit, Shopping, Dining, GO Station, Hwy 404/407 And Everyday Amenities.

Listed by SMART SOLD REALTY

Property details

MLS #

N13087958
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

n/a
Garage

Attached, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Shingles
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

N

MLS #

N13087958
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

n/a
Garage

Attached, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Shingles
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

N

Dining

4.9 x 4.45 ft Main level

hardwood floor, Pot Lights
Office

3.35 x 3.0 ft Main level

hardwood floor, Sliding Doors, Large Window
Kitchen

4.6 x 6.65 ft Main level

B/I Appliances, Centre Island, Pantry
Breakfast

4.6 x 6.65 ft Main level

Combined W/Kitchen, B/I Bar, W/O To Garden
Family

5.67 x 5.67 ft Main level

Gas Fireplace, hardwood floor, Pot Lights
Primary

4.6 x 5.5 ft 2nd level

W/I Closet, Gas Fireplace, 5 Pc Ensuite
2nd Br

3.66 x 3.96 ft 2nd level

hardwood floor, Semi Ensuite, Large Closet
3rd Br

3.05 x 5.18 ft 2nd level

hardwood floor, Semi Ensuite, Large Closet
4th Br

3.78 x 5.55 ft 2nd level

W/I Closet, 4 Pc Ensuite, hardwood floor
Loft

6.46 x 3.9 ft 3rd level

hardwood floor, 4 Pc Bath, Wet Bar
Rec

3.05 x 3.47 ft 3rd level

hardwood floor, W/O To Terrace
Rec

5.41 x 5.55 ft Bsmt level

Laminate, Pot Lights
Rec

4.64 x 9.67 ft Bsmt level

Laminate, Pot Lights
Other

2.73 x 2.58 ft Bsmt level

Contact Manoj Kukreja

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

Open house for 181 Milky Way Drive, Richmond Hill

Property History

Property history for 181 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.

Local Real Estate Price Trends for Detached in Observatory

Active listings

Average Selling Price of a Detached

April 2026

$1,236,600

Last 3 Months

$1,887,533

Last 12 Months

$1,818,976

April 2025

$2,504,250

Last 3 Months LY

$2,396,127

Last 12 Months LY

$2,237,987

Change

-51%

Change

-21%

Change

-19%

Historical Average Selling Price of a Detached in Observatory

Average Selling Price

3 years ago

$1,992,960

Average Selling Price

5 years ago

$1,785,656

Average Selling Price

10 years ago

$1,420,000

Change

-38%

Change

-31%

Change

-13%

How many days Detached takes to sell (DOM)

April 2026

Last 3 Months

Last 12 Months

April 2025

Last 3 Months LY

Last 12 Months LY

Change

-72%

Change

-8%

Change

-21%

Average Selling price

Mortgage Calculator

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Closing Cost Calculator

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Closing Cost Total for this property

Total Cash flow for purchasing this property

Purchase Price

First time home buyer

Down Payment($)

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.