193 Milky Way, Richmond Hill, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Observatory. Expertly crafted featuring premium brick front and stone construction, this residence presents an exceptional opportunity offered at $1,998,800 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 5 Bathrooms
- Generous living space spanning 2500-3000 sqft on a premium 36.09 x 98.43 ft lot
- Features a walk-up, 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: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this exceptional 2023-built luxury residence offering nearly 4500 sq.ft. of refined living space in the highly sought-after Bayview Secondary School IB school district. This beautifully upgraded 4-bedroom, 5-bathroom home showcases premium finishes and meticulous craftsmanship throughout. Featuring hardwood flooring across all levels, pot lights throughout, custom wall paneling on the main floor, and an elegant wrought iron staircase, this home exudes sophistication. The designer kitchen is equipped with high-end Sub-Zero fridge and Wolf 6-burner gas cooktop, complemented by marble countertops and upgraded cabinetry-perfect for both everyday living and entertaining. The second floor offers spacious bedrooms with large windows and upgraded 8.5-ft doors. The luxurious primary ensuite features heated floors, a fireplace, and a spa-like layout with separate wet and dry areas. Additional highlights include Heated Floors in the Basement, a finished Walk-up Basement ideal for extended family or potential rental use, and a fully interlocked front and backyard for low-maintenance outdoor living. Owned hot water tank. Thoughtfully designed with comfort, elegance, and functionality in mind-this is a rare opportunity to own a move-in ready home in a top-tier school district.
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Pricing & Value Insights
Data-driven valuation for 193 Milky Way, Richmond Hill, ON L4C 5H3
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $1,998,800 in Richmond Hill, the legal minimum down payment is $399,760 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 $36,451 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 $36,451.
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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.