149 Milky Way Drive, Richmond Hill, ON

$2,888,888
MLS#:N11905212
5 beds
6 baths
3500-5000 sqft
6.0 parking
Residential Freehold
149 Milky Way Drive, Richmond Hill, ON L4C 4Y3
⚠️

Property no longer active

This property was sold on April 2, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 3-Storey detached located in the coveted neighborhood of Observatory. Expertly crafted featuring premium brick front construction, this residence presents an exceptional opportunity offered at $2,888,888 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 44.99 x 98.52 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Superb Locations!! Welcome To This One-Of-A-Kind Luxury Home Exquisitely Built By The Most Popular Builder - Aspen Ridge Homes. This 1.5 Year New Brilliant Home Soaring Above Ground 4368 Sqft, Nestled In The Vibrant Heart Of Richmond Hill, With Its Unparalleled Finishes, Bespoke Executive Designs, Top-Tier UpGrades, And Exclusive Residency Experience! This Tremendous Home Featuring 10' Ft High Ceilings In Both Main & Second Floor W/ Entertainer's Dream Loft On 3rd Flr, Gourmet Modern Designed Kitchen W/ Heavy Taste, 5 Bright & Spacious Bedrooms And 6 Bathrms All Over The House. Over $376,000 Book Listed Upgrades By Builder Mainly On All 8' Interior Doors, All Polished Marble Countertops, All Upgd Kitchen Cabinets & Drawers W/ Soft Closing, Heated Floor In All Washrooms On 2nd Fl, Top Quality Hardwood Fl Throughout Incl Same In Basement, All Vent Registers & All Door Handles Upgd to Black, All Toilets Upgd to Matte Black. Magnificent High-Tech Features Everywhere Such As Cat 6 Ceiling Wifi Mounts, Smart ECOBEE System and Leviton Dimmers Thru/out, 4K Lorex Security System DVR with Four 4k Cameras for Ultimate Security, Grand Alarm Monitored Alarm System. High End Logitech Doorbell Camera with Apple Home Automation & So On. Over $50,000 Top-Of-The-Line Subzero/Wolf/Cove Appliances Include Wolf 48" Dual Fuel Range With 6 burners and Infrared Charbroiler, Subzero 48" PRO SERIES Refrigerator/freezer (Most Expensive Unit), B/I Wolf coffee machine. B/I Wolf Microwave, Cove Dishwasher, Sirius 46" professional Hood Insert and More To Say! Over 50k Spent On Fully Interlocked Driveway + Backyard & Natural Stone Steps In the Front Entrance + Backyard Steps. Prof Finished Bsmt W/ All Functional Space & Pot Lights Thru/out. Highly-Coveted Bayview Secondary School Zone! Minutes from Hwy 407 & 404, Steps To Schools, Library, Observatory Park, Shopping Malls, All Popular Restaurants, YRT, Supermarkets, the Famous David Dunlop Observatory and So Many More!! Really Can't Miss It!!

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Property Summary

This detached home located at 149 Milky Way Drive, Richmond Hill is currently for sale and has been available on SousaSells for 580 days. This property is listed at $2,888,888 with an estimated mortgage of $9,616* per month. It has 5 beds, 6 bathrooms, and is 3500-5000 square feet. 149 Milky Way Drive, Richmond Hill is in the Observatory neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 5 bedrooms and 6 bathrooms, this home offers ample space and comfort for growing families in Observatory, Richmond Hill.

Highly Recommended for Families
What We Love About This Home
  • 5 spacious bedroom layout offering versatile living space
  • 6 well-appointed bathrooms
  • 3500-5000 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Growing families needing multi-bedroom flexibility and space in Observatory, Richmond Hill.

Target Buyer Match

Key Features

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

Additional Details

StatusSold
Sold DateApril 2, 2025
Sold price information is available to members only
Listed Date1/3/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style3-Storey
ConstructionBrick Front
BasementFinished
Lot Size44.99 × 98.52 Feet
CountyYork
Annual Tax$12,237.72
Legal DescriptionLOT 312, PLAN 65M4547

Parking & Garage

Parking Total6.0
Parking Space4
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

  • School
  • Hospital
  • Rec./Commun.Centre
  • Library

Interior Features

  • Central Vacuum

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 149 Milky Way Drive, Richmond Hill, ON

Q.What is the asking price for 149 Milky Way Drive, Richmond Hill, ON ?

The current listing price for 149 Milky Way Drive, Richmond Hill, ON in Observatory, Richmond Hill is $2,888,888.

Q.How many bedrooms and bathrooms does this property have?

This property features 5 bedrooms and 6 bathrooms across approximately 3500-5000 sqft.

Q.What property type and architectural style is 149 Milky Way Drive, Richmond Hill, ON ?

149 Milky Way Drive, Richmond Hill, ON is a Detached (3-Storey) featuring a Finished basement.

Q.What key property features does 149 Milky Way Drive, Richmond Hill, ON offer?

Key property features include: School, Hospital, Rec./Commun.Centre, Library.

Q.What interior features are included in this home?

Interior highlights include: Central Vacuum.

Q.Is parking available at this property?

Yes, this property offers parking space for 6.0 vehicles (Built-In).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

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Location

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149 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 149 Milky Way Drive, Richmond Hill, ON L4C 4Y3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Richmond Hill.

Configure Loan Settings

Interest Rate4.00%
Down Payment$866,666 (30.0%)
* Minimum Canadian down payment required for this price is $577,778.
Amortization Period30 Years
Estimated Monthly Payment$9,616Based on a loan of $2,022,222 over 30 years.
Purchase Price$2,888,888
Loan Amount$2,022,222
Provincial Land Transfer Tax:$58,697
Total Estimated Closing Taxes:$58,697

About Purchasing a Home in Richmond Hill, ON

For a property listed at $2,888,888 in Richmond Hill, the legal minimum down payment is $577,778 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $58,697 for this transaction. As this listing is in Richmond Hill (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $58,697.

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Observatory, Richmond Hill 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$1,212,783

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%

Best Schools in Observatory, Richmond Hill

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
Red Maple
Public155 Red Maple Road, Richmond Hill, Ontario, L4B 4P9
6.7

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

Observatory, Richmond Hill Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied78%
Rented22%

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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.