Detached House for sale at 101 Milky Way Drive, Richmond Hill, Ontario, L4C 4M8 - Observatory - MLS: N12362292

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101 Milky Way Drive

Richmond Hill, Ontario, L4C 4M8 - Observatory

$3,250,000

Neighbourhood

Observatory
Major Intersection

Bayview Avenue & 16th Avenue

Listed Since: 32 day(s)
Last update: 1 day(s) ago

Overview

Property Type

Detached, 2-Storey
Bedrooms

4 + 1
Bathrooms

6
Basement

Full + Finished
Kitchen

1
Total Parking

4 (2 Built-In Garage)
Lot Size

44.95x98.43 (Feet)
Taxes

$12,610.25 (2025)
Type

Freehold

Property Description

Property description for 101 Milky Way Drive, Richmond Hill

RAVINE!! Nestled in the prestigious and highly coveted Observatory Hill community, this 2023 luxury-built residence offers over 4,800 sqft of upgraded living space, backing directly onto a tranquil ravine for ultimate privacy and scenic views. Designed with extensive builder upgrades throughout, this 4+1 Bedroom, 6 Bathroom home has been thoughtfully crafted with high-end finishes and exceptional attention to detail.Enjoy a gourmet kitchen featuring a stunning Quartzite countertop and matching backsplash, built-in oven and microwave, upgraded cabinetry with extended height and detailed crown moulding to the ceiling.The main floor impresses with 10ft ceilings, upgraded 8ft doors on both main and second floors, wide-plank hardwood flooring, elegant crown mouldings, and pot lights throughout. All bedrooms offer ensuite bathrooms and walk-in closets, with the primary suite featuring two walk-in closets and a spa-like ensuite. The finished basement includes a full bathroom and versatile space perfect for a home theatre, gym, or guest suite. Located just minutes from Hwy 407/404, GO Transit, Hillcrest Mall, and top-ranked Bayview Secondary School with IB Program, this home combines luxury, comfort, and unbeatable convenience. A true must-see in one of Richmond Hills most desirable neighbourhoods!

Listed by Enas Awad

Property details

MLS #

N12362292
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

0-5
Pool

None
Drive

Pvt Double
Garage

Built-In, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Poured Concrete
Elevator

N
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 #

N12362292
Sq. Ft

3500-5000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

0-5
Pool

None
Drive

Pvt Double
Garage

Built-In, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Poured Concrete
Elevator

N
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

Kitchen

6.82 x 2.8 ft Main level
Dining

3.23 x 5.18 ft Main level
Living

3.23 x 4.14 ft Main level
Family

10.39 x 4.29 ft Main level
Bathroom

5.36 x 3.65 ft Main level
Primary

5.79 x 5.48 ft 2nd level
2nd Br

5.36 x 3.65 ft 2nd level
3rd Br

5.18 x 3.65 ft 2nd level
4th Br

3.96 x 3.65 ft 2nd level
Den

2.43 x 3.68 ft 2nd level
Bathroom

0.0 x 0.0 ft 2nd level
Bathroom

0.0 x 0.0 ft 2nd level
Bathroom

0.0 x 0.0 ft 2nd level
Laundry

0.0 x 0.0 ft 2nd level
Rec

0.0 x 0.0 ft Bsmt level
Br

0.0 x 0.0 ft Bsmt level
Bathroom

0.0 x 0.0 ft Bsmt level

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

August 2025

$1,773,333

Last 3 Months

$1,656,611

Last 12 Months

$2,062,411

August 2024

$3,175,000

Last 3 Months LY

$2,382,500

Last 12 Months LY

$2,186,062

Change

-44%

Change

-30%

Change

-6%

Historical Average Selling Price of a Detached in Observatory

Average Selling Price

3 years ago

$1,695,000

Average Selling Price

5 years ago

$1,065,000

Average Selling Price

10 years ago

$1,163,000

Change

67%

Change

52%

How many days Detached takes to sell (DOM)

August 2025

Last 3 Months

Last 12 Months

August 2024

Last 3 Months LY

Last 12 Months LY

Change

-35%

Change

-47%

Change

10%

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.