101 Milky Way Drive, Richmond Hill, ON

$3,250,000
MLS#:N12825964
5 beds
6 baths
3500-5000 sqft
4.0 parking
Residential Freehold
Loading property media...

Description

Property Highlights

Welcome to this remarkable ["2-Storey"] detached located in the coveted neighborhood of Observatory. Expertly crafted featuring premium brick and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $3,250,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 6 Bathrooms
  • Generous living space spanning 3500-5000 sqft on a premium 44.95 x 98.43 ft lot
  • Features a ["full", "finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: Auto Garage Door Remote, Built-In Oven, ERV/HRV
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

for Sale by Owner. Click on "More Information" Link Below. 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!

Schedule a Tour

Contact us to schedule a private viewing of this property.

Contact Agent

Generate CMA Report

Key Features

Bedrooms
5
Bathrooms
6
Kitchens
1
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date2/27/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick, Stucco (Plaster)
Lot Size44.95 × 98.43 Feet
CountyYork
Annual Tax$12,610.25
Legal DescriptionLOT 384, PLAN 65M4547 SUBJECT TO AN EASEMENT FOR ENTRY AS IN YR3118476

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Fenced Yard, Golf, Park, Ravine, School, Hospital

Community Features

Location

Initializing map...
101 Milky Way Drive, Richmond Hill, ON
Loading local market trends...

Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 101 Milky Way Drive, Richmond Hill, ON L4C 4M8

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
Loading stats...

Properties in this area are selling at a steady pace.

Market Trend
Calculating trend...
Financial Audit

Estimated Costs

Loan Amount$2,600,000
Monthly Mortgage$15,107
Property Tax (Est.)$1,051
Utilities & Maint.$350
Total Monthly Cost$16,508

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Richmond Hill.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Observatory, Richmond Hill.

Verified Local Data
City Population202,022
City Median Age42.4 Yrs
City Ownership78% Owners
Avg Area List Price$1,291,497

People & Families

Age Distribution

Household Composition

One-person households
18%
Families with children
50%
Couples without children
27%
Other households
5%

Top Ethnic Origins

Chinese30%
Iranian11%
Canadian8%
Italian7%

Local Schools Guide

Elementary Schools

Sixteenth Avenue
Public400 16th Avenue, Richmond Hill, Ontario, L4C 7A9
6.5
St Joseph
Public301 Roney Avenue, Richmond Hill, Ontario, L4C 2H4
7.0
Walter Scott
Public500 Major MacKenzie Drive East, Richmond Hill, Ontario, L4C 1J2
3.9
Bayview Hill
Public81 Strathearn Avenue, Richmond Hill, Ontario, L4B 2J5
8.0
St Charles Garnier
Public16 Castle Rock Drive, Richmond Hill, Ontario, L4C 5H5
9.3

Secondary Schools

Richmond Hill
Public189 Weldrick Road East, Richmond Hill, Ontario, L4C 0A6
8.3
Alexander MacKenzie
Public300 Major MacKenzie Drive West, Richmond Hill, Ontario, L4C 3S3
8.5
Bayview
Public10077 Bayview Avenue, Richmond Hill, Ontario, L4C 2L4
9.2
Norval-Morrisseau
Public51 Wright Street, Richmond Hill, Ontario, L4C 4A1
8.3
Langstaff
Public106 Garden Avenue, Richmond Hill, Ontario, L4C 6M1
5.2

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied78%
Rented22%

Need more details or a custom CMA?

Generate a full market evaluation or explore city guides using the sidebar links.

Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.