Detached House for sale at 193 Milky Way, Richmond Hill, Ontario, L4C 5H3 - Observatory - MLS: N13088024

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193 Milky Way

Richmond Hill, Ontario, L4C 5H3 - Observatory

$2,399,000

Virtual Tour

Neighbourhood

Observatory
Major Intersection

Bayview/16Th

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

Virtual Tour

Overview

Property Type

Detached, 2-Storey
Bedrooms

4 + 1
Bathrooms

5
Basement

Other
Kitchen

1
Total Parking

1
Lot Size

36.09x98.43 (Feet)
Taxes

$10,126.52 (2025)
Type

Freehold

Property Description

Property description for 193 Milky Way, Richmond Hill

Welcome to this exceptional 2023-built luxury residence offering nearly 4500 sq.ft. of refined living space in the highly sought-after Bayview Secondary School IB school district. This beautifully upgraded 4-bedroom, 5-bathroom home showcases premium finishes and meticulous craftsmanship throughout. Featuring hardwood flooring across all levels, pot lights throughout, custom wall paneling on the main floor, and an elegant wrought iron staircase, this home exudes sophistication. The designer kitchen is equipped with high-end Sub-Zero fridge and Wolf 6-burner gas cooktop, complemented by marble countertops and upgraded cabinetry-perfect for both everyday living and entertaining. The second floor offers spacious bedrooms with large windows and upgraded 8.5-ft doors. The luxurious primary ensuite features heated floors, a fireplace, and a spa-like layout with separate wet and dry areas. Additional highlights include heated floors in the basement, a finished walk-up basement ideal for extended family or potential rental use, and a fully interlocked front and backyard for low-maintenance outdoor living. Owned hot water tank. Thoughtfully designed with comfort, elegance, and functionality in mind-this is a rare opportunity to own a move-in ready home in a top-tier school district.

Listed by FENGHILL REALTY INC.

Property details

MLS #

N13088024
Sq. Ft

2500-3000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Lane
Garage

Built-In
Total Parking

1
Family Room

Y
Den

Y
Exterior

Brick Front
Fireplace

Y
Roof

Asphalt Rolled
Foundation

Other
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 #

N13088024
Sq. Ft

2500-3000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Lane
Garage

Built-In
Total Parking

1
Family Room

Y
Den

Y
Exterior

Brick Front
Fireplace

Y
Roof

Asphalt Rolled
Foundation

Other
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

Contact Manoj Kukreja

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

Open house for 193 Milky Way, Richmond Hill

Property History

Property history for 193 Milky Way, Richmond Hill

This property has been sold 8 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

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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.