Detached House for sale at 181 Milky Way Drive, Richmond Hill, Ontario, L4C 5H3 - Observatory - MLS: N12238648

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181 Milky Way Drive

Richmond Hill, Ontario, L4C 5H3 - Observatory

$2,999,000

Neighbourhood

Observatory
Major Intersection

Bayview/16th Ave

Listed Since: 2 day(s)
Last update: today

Overview

Property Type

Detached, 3-Storey
Bedrooms

4 + 1
Bathrooms

5
Basement

Unfinished
Kitchen

1
Total Parking

4 (2 Attached Garage)
Lot Size

44.95x98.43 (Feet)
Taxes

$12,273.48 (2025)
Type

Freehold

Property Description

Property description for 181 Milky Way Drive, Richmond Hill

Welcome to this exquisite Aspen Ridge built home, Araya Model with Loft, situated in the prestigious and highly sought-after Observatory Hill neighborhood. Offering over 4,386 sqft of above grade luxurious living space sitting on a 45' wide south facing premium lot, open concept layout and full of natural lights. 4 Bedroom + 5Bath, plus a spacious and sunny Rec room at the loft, double car garage with driveway. over $350k top-tier designer upgraded features through-out, Chef's gourmet kitchen with built-in Wolf & Subzero, Miele Appliances, 2 Gas Fireplaces ,Smart home features fully integrated and BBQ Gasline In backyard. This home combines elegance, comfort, and modern sophistication, Model home condition! truly one of a kind dream house. Located minutes from Hwy 407/404, public transit, shopping, and top-ranked Bayview Secondary School.

Listed by CENTURY 21 LANDUNION REALTY INC.

Property details

MLS #

N12238648
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Private
Garage

Attached, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Unknown
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 #

N12238648
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Private
Garage

Attached, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Unknown
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
Library

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, W/O To Garden, B/I Bar
Great Rm

5.67 x 5.67 ft Main level

Gas Fireplace, hardwood floor, Large Window
Primary

4.6 x 5.5 ft 2nd level

Fireplace, W/I Closet, 5 Pc Bath
2nd Br

3.66 x 3.96 ft 2nd level

hardwood floor, Closet, Window
3rd Br

3.05 x 5.18 ft 2nd level

hardwood floor, Closet, Window
4th Br

3.78 x 5.55 ft 2nd level

hardwood floor, 4 Pc Ensuite, W/I Closet
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

Contact Manoj Kukreja

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

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Local Real Estate Price Trends for Detached in Observatory

Active listings

Average Selling Price of a Detached

May 2025

$2,531,250

Last 3 Months

$2,455,229

Last 12 Months

$2,243,883

May 2024

$2,460,500

Last 3 Months LY

$2,568,888

Last 12 Months LY

$2,170,378

Change

-4%

Change

How many days Detached takes to sell (DOM)

May 2025

Last 3 Months

Last 12 Months

May 2024

Last 3 Months LY

Last 12 Months LY

Change

79%

Change

109%

Change

105%

Average Selling price

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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.