47 Milky Way Drive, Richmond Hill, ON
Property no longer active
This property was sold on December 30, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of Observatory. Expertly crafted featuring premium stone construction, this residence presents an exceptional opportunity offered at $2,490,000 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 36.12 x 98.52 ft lot
- Features a full 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, Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
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.
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Property Summary
This detached home located at 47 Milky Way Drive, Richmond Hill is currently for sale and has been available on SousaSells for 296 days. This property is listed at $2,490,000 with an estimated mortgage of $8,288* per month. It has 5 beds, 6 bathrooms, and is 3500-5000 square feet. 47 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.Yes! Featuring 5 bedrooms and 6 bathrooms, this home offers ample space and comfort for growing families in Observatory, Richmond Hill.
- •5 spacious bedroom layout offering versatile living space
- •6 well-appointed bathrooms
- •3500-5000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Observatory, Richmond Hill.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Auto Garage Door Remote
- Carpet Free
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 47 Milky Way Drive, Richmond Hill, ON
Q.What is the asking price for 47 Milky Way Drive, Richmond Hill, ON ?
The current listing price for 47 Milky Way Drive, Richmond Hill, ON in Observatory, Richmond Hill is $2,490,000.
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 47 Milky Way Drive, Richmond Hill, ON ?
47 Milky Way Drive, Richmond Hill, ON is a Detached (2 1/2 Storey) featuring a Full basement.
Q.What interior features are included in this home?
Interior highlights include: Auto Garage Door Remote, Carpet Free.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 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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Pricing & Value Insights
Data-driven valuation for 47 Milky Way Drive, Richmond Hill, ON L4C 4M9
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $2,490,000 in Richmond Hill, the legal minimum down payment is $498,000 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 $48,725 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 $48,725.
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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.