Detached House for sale at 27 Milky Way Drive, Richmond Hill, Ontario, L4C 4M9 - Observatory - MLS: N13557586

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27 Milky Way Drive

Richmond Hill, Ontario, L4C 4M9 - Observatory

$3,070,000

Neighbourhood

Observatory
Major Intersection

Bayview Ave & 16th Ave

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

Overview

Property Type

Detached, 3-Storey
Bedrooms

4
Bathrooms

5
Basement

W/O + Sep Entrance
Kitchen

1
Total Parking

4 (2 Built-In Garage)
Lot Size

27.07x140.82 (Feet)
Taxes

$12,669.00 (2025)
Type

Freehold

Property Description

Property description for 27 Milky Way Drive, Richmond Hill

Welcome to one of the most extraordinary homes in prestigious Observatory Hill-a luxurious modern single-detached residence with 3700+ sf on an ultra-rare private pie-shaped ravine lot. Step directly from the walkout basement onto your tranquil backyard oasis overlooking the ravine, where deer wander by almost daily, creating a peaceful retreat unlike anywhere else.What truly sets this home apart is its one-of-a-kind layout. Enjoy a spacious 500+ sq. ft. third-floor loft and an exceptionally rare 360+ sq. ft. private open-air rooftop terrace. Thanks to the unique pie-shaped lot, the rooftop offers remarkable privacy-a feature you simply won't find in another Toronto home.Premium kitchen upgrades include 48-inch built-in Sub-Zero side-by-side refrigerator, upgraded Wolf gas cooktop, and built-in Samsung microwave and oven stack with one-touch steam cooking.Luxury continues with heated floors in both the walkout basement and primary ensuite. Relax in the upgraded freestanding soaker tub while enjoying your favorite music through the built-in Bluetooth speaker integrated into the bathroom fan, creating your own spa-like retreat. Both the main floor powder room and primary ensuite feature smart toilets with heated seats.Custom designer-built display and storage shelving with integrated luxurious LED mood lightingenhances both the first and second floors. An unobstructed skylight extending from the third floor fills the entire staircase with natural light, making every level feel bright, warm, and inviting.The spectacular third-floor loft is truly a home within a home. Complete with a full wet bar, custom cabinetry, and a full 4-piece bathroom, it's the perfect space for entertaining or spending an entire cozy weekend watching Netflix with your loved ones.Book your private showing today and experience this truly one-of-a-kind home for yourself.

Listed by CENTURY 21 MYPRO REALTY

Property details

MLS #

N13557586
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

Y
Year Built

Available Upon Request
Pool

None
Drive

Pvt Double
Garage

Built-In, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Flat
Foundation

Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

Y

MLS #

N13557586
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

Y
Year Built

Available Upon Request
Pool

None
Drive

Pvt Double
Garage

Built-In, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Flat
Foundation

Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

Y

Living

7.92 x 4.26 ft Ground level

Coffered Ceiling, 2 Way Fireplace, O/Looks Ravine
Dining

3.96 x 4.14 ft Ground level

Pot Lights, hardwood floor, O/Looks Ravine
Kitchen

4.14 x 5.02 ft Ground level

Sliding Doors, Centre Island, O/Looks Ravine
Primary

4.87 x 4.57 ft 2nd level

W/I Closet, 5 Pc Ensuite, O/Looks Ravine
2nd Br

3.65 x 3.04 ft 2nd level

W/I Closet, 4 Pc Ensuite, Large Window
3rd Br

3.53 x 3.73 ft 2nd level

hardwood floor, B/I Closet, Large Window
4th Br

4.11 x 3.65 ft 2nd level

hardwood floor, B/I Closet, O/Looks Ravine
Loft

8.5 x 5.58 ft 3rd level

hardwood floor, Wet Bar, W/O To Terrace

Contact Manoj Kukreja

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

Estimated price

Date

Price

Change

2026-07-13

$3,087,978

2.19%

Local Real Estate Price Trends for Detached in Observatory

Active listings

Average Selling Price of a Detached

June 2026

$1,630,944

Last 3 Months

$1,669,681

Last 12 Months

$1,783,867

June 2025

$1,662,500

Last 3 Months LY

$2,232,667

Last 12 Months LY

$2,221,800

Change

-2%

Change

-25%

Change

-20%

Historical Average Selling Price of a Detached in Observatory

Average Selling Price

3 years ago

$1,962,200

Average Selling Price

5 years ago

$1,315,000

Average Selling Price

10 years ago

$1,146,286

Change

-17%

Change

24%

Change

42%

How many days Detached takes to sell (DOM)

June 2026

Last 3 Months

Last 12 Months

June 2025

Last 3 Months LY

Last 12 Months LY

Change

72%

Change

-25%

Change

-18%

Average Selling price

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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.