Detached House for sale at 47 Milky Way Drive, Richmond Hill, Ontario, L4C 4M9 - Observatory - MLS: N12460029

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47 Milky Way Drive

Richmond Hill, Ontario, L4C 4M9 - Observatory

$2,590,000

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Neighbourhood

Observatory
Major Intersection

Bayview/16th Ave

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

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Overview

Property Type

Detached, 2 1/2 Storey
Bedrooms

4 + 1
Bathrooms

6
Basement

Full
Kitchen

1
Total Parking

4 (2 Built-In Garage)
Lot Size

36.12x98.52 (Feet)
Taxes

$11,829.01 (2025)
Type

Freehold

Property Description

Property description for 47 Milky Way Drive, Richmond Hill

Luxury Living in this Stunning 2 Year New Double Garage Home! Nestled in Sough After Observatory Hill & Back On Green Belt * Close to 4000 sqft plus Unfinished Basement* 10 Ft Ceilings on the Mn Flr & 9 Ft Ceilings on the Other floors Included the Basement *Coffered Ceilings In Living & Dining Rooms* Double Side Fireplace in the Family Room & Office* Upgraded Stained Oak Stairs & Iron Railing throughout All Levels W/ Basement Landing * Upgraded Light Fixtures & Pot Lights* Upgraded Kitchen W/ Wolf 6 Burner Gas Stove and Sub-Zero Fridge, Waterfall Stone Center Island W/ Extra Double Sink for Convergence* Full-height Custom Cabinetry *Heated Flooring in the Master Ensuite * Upgrade Ensuite Bathrm in All the Bdrms* 3rd Level Loft Features Walkout To Rooftop Deck, R/I Wet Bar & 4pc Bthrm* 2nd Floor Laundry Rm W/Big Windows*Above Grade Windows In The Basement * Ideally Located Near T&T Supermarket, Top Rated Schools Including Bayview Secondary Schl W/ IB Program, Jean Vanier Catholic High Schl, Richmond Rose Public Schl, Crosby Heights W/ Gifted Program, Beverley Acres French Immersion, Richmond Hill Montessori, TMS & Holy Trinity Private Schls!! Minutes Away From Yonge St, Hillcrest Mall, Mackenzie Health Hospital, Richmond Hill GO-Station & Hwy 404* This Home Blends Luxury & Convenience.

Listed by REAL ONE REALTY INC.

Property details

MLS #

N12460029
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

Stone
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Concrete
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 #

N12460029
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

Stone
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Concrete
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

Living

5.59 x 4.72 ft Ground level

hardwood floor, Coffered Ceiling, Combined W/Dining
Dining

5.59 x 4.72 ft Ground level

hardwood floor, Coffered Ceiling, Pot Lights
Kitchen

5.64 x 4.72 ft Ground level

Centre Island, O/Looks Family, Bow Window
Family

5.28 x 3.66 ft Ground level

hardwood floor, Gas Fireplace, Bow Window
Study

3.05 x 2.59 ft Ground level

hardwood floor, Gas Fireplace, Large Window
Primary

4.88 x 4.88 ft 2nd level

hardwood floor, 5 Pc Ensuite, Closet Organizers
2nd Br

3.35 x 3.3 ft 2nd level

hardwood floor, 4 Pc Ensuite, Double Closet
3rd Br

3.96 x 3.81 ft 2nd level

hardwood floor, 4 Pc Ensuite, W/I Closet
4th Br

3.66 x 4.65 ft 2nd level

hardwood floor, 4 Pc Ensuite, W/I Closet
Exercise

4.27 x 3.68 ft 3rd level

hardwood floor, Glass Doors
Loft

10.16 x 4.27 ft 3rd level

hardwood floor, 3 Pc Bath, Pot Lights

Contact Manoj Kukreja

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

Property History

Property history for 47 Milky Way Drive, Richmond Hill

This property has been sold 1 time before. Create your free account to explore sold prices, detailed property history, and more insider data.

Estimated price

Date

Price

Change

2025-10-14

$2,617,660

1.47%

Schools

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Neighbourhood Amenities & Points of Interest

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Local Real Estate Price Trends for Detached in Observatory

Active listings

Average Selling Price of a Detached

September 2025

$1,628,333

Last 3 Months

$1,645,222

Last 12 Months

$1,947,133

September 2024

$3,011,667

Last 3 Months LY

$2,743,889

Last 12 Months LY

$2,303,460

Change

-46%

Change

-40%

Change

-15%

How many days Detached takes to sell (DOM)

September 2025

Last 3 Months

Last 12 Months

September 2024

Last 3 Months LY

Last 12 Months LY

Change

-49%

Change

-43%

Change

-3%

Average Selling price

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Closing Cost Calculator

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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.