107 Milky Way Drive, Richmond Hill, ON

$3,099,000
MLS#:N9350440
5 beds
7 baths
3500-5000 sqft
4.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] detached located in the coveted neighborhood of Observatory. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $3,099,000 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 7 Bathrooms
  • Generous living space spanning 3500-5000 sqft on a premium 44.95 x 98.43 ft lot
  • Features a ["finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: In-Law Suite, Built-In Oven
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Welcome to the Luxurious Home in Richmond Hill's Most Prestigious And Sought After Community - Observatory Hill. This Impressive Residence Offers 5715 Square Feet Including Professionally Finished Basement of living space on a ravine lot. The Primary Bedroom Has High Ceiling with your Own Sanctury. The 3rd floor Loft offers a versatile space that can be Utilized into Into In- Law Suite, Nanny suite, or entertainment room. With Beautiful Interior upgrades, 10' Ceiling On Main, 9' Ceiling On 2nd And Bsmt. Excellent Layout with Open Concept, Upgraded Kitchen W/Large Breakfast Area and Walk out to the Backyard. High-End S/S Appliances, Backsplash, Hardwood Floor Thru-Out, Pot Lights, Gas Fireplace, Crown Moulding, Wainscoting and Much More. Finished Basement With Windows, A Rec Room, and 3pc Bathroom. Prime Location in a Top-Ranked School Zone: Bayview Secondary School. Just a 5-minute drive to the GO Station and 8 minutes to Highways 404 and 407. Conveniently situated near David Dunlap Observatory Park, this area offers the perfect blend of nature and urban living! Close to public transit, restaurants, schools, and other amenities. A Must See!

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Key Features

Bedrooms
5
Bathrooms
7
Kitchens
1
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 17, 2024
Sold price information is available to members only
Listed Date9/15/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick, Stone
Lot Size44.95 × 98.43 Feet
CountyYork
Annual Tax$11,571.03
Legal DescriptionLOT 381, PLAN 65M4547

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

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

Features

Property Features

Community Features

Location

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107 Milky Way Drive, Richmond Hill, ON
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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 107 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
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$2,479,200
Monthly Mortgage$14,405
Property Tax (Est.)$964
Utilities & Maint.$350
Total Monthly Cost$15,719

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%

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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.