Detached House for sale at 61 Milky Way Drive, Richmond Hill, Ontario, L4C 4M9 - Observatory - MLS: N12294269

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61 Milky Way Drive

Richmond Hill, Ontario, L4C 4M9 - Observatory

$3,199,990

Neighbourhood

Observatory
Major Intersection

Bayview/16th Avenue

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

Overview

Property Type

Detached, 3-Storey
Bedrooms

4
Bathrooms

5
Basement

Unfinished
Kitchen

1
Total Parking

4 (2 Built-In Garage)
Lot Size

34.16x171.63 (Feet)
Taxes

n/a
Type

Freehold

Property Description

Property description for 61 Milky Way Drive, Richmond Hill

Situated in the Prestigious and Highly Sought-after Observatory Hill neighborhood. Never Lived-in Aspen Ridge Home McMillan Model with Loft offers 4265 sq ft of living space 3 Storeys with ELEVATOR, on one of the largest lots in the Subdivision - BACKING ON THE RAVINE! This Stunning 4 Bedroom and 5 Bathroom home offers a Gourmet Kitchen with Built-in Sub Zero Fridge, Wolf Range, Waterfall Island, Quartzite Countertops. Hardwood(Herringbone Pattern) Pot Lights, Primary Bedroom with a gorgeous Master Suite, Glass Enclosure Shower, Porcelain Flooring and many more upgrades. Comes with Full Tarion Warranty. It is a must see! Located minutes from Hwy 407/404, public transit, shopping, and top-ranked Bayview Secondary School.

Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY

Property details

MLS #

N12294269
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

Y
Year Built

Available Upon Request
Pool

None
Drive

Private
Garage

Built-In, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Stone
Fireplace

Y
Roof

Shingles
Foundation

Unknown
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Both
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

N12294269
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

Y
Year Built

Available Upon Request
Pool

None
Drive

Private
Garage

Built-In, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Stone
Fireplace

Y
Roof

Shingles
Foundation

Unknown
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Both
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Library

3.05 x 2.74 ft Main level

hardwood floor, Pot Lights
Living

4.91 x 3.34 ft Main level

Pot Lights, hardwood floor
Dining

5.36 x 3.69 ft Main level

Hardwood Floor
Breakfast

4.66 x 3.35 ft Main level

W/O To Porch
Kitchen

5.15 x 2.87 ft Main level

B/I Appliances, hardwood floor, Open Concept
Family

5.79 x 3.96 ft Main level

Fireplace
Primary

4.57 x 5.24 ft 2nd level

hardwood floor, Ensuite Bath
2nd Br

3.96 x 3.35 ft 2nd level

Hardwood Floor
3rd Br

3.84 x 3.66 ft 2nd level

Hardwood Floor
4th Br

4.91 x 3.96 ft 2nd level

Hardwood Floor
Exercise

3.23 x 2.47 ft 2nd level

Hardwood Floor
Loft

9.2 x 3.93 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

June 2025

$1,662,500

Last 3 Months

$2,232,667

Last 12 Months

$2,221,800

June 2024

$1,927,500

Last 3 Months LY

$2,360,167

Last 12 Months LY

$2,167,486

Change

-14%

Change

-5%

Change

Number of Detached Sold

June 2025

Last 3 Months

Last 12 Months

June 2024

Last 3 Months LY

Last 12 Months LY

Change

-50%

Change

-40%

Change

-33%

How many days Detached takes to sell (DOM)

June 2025

Last 3 Months

Last 12 Months

June 2024

Last 3 Months LY

Last 12 Months LY

Change

-61%

Change

16%

Change

65%

Average Selling price

Inventory Graph

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First time home buyer

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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.