61 Milky Way Drive, Richmond Hill, ON
Property no longer active
This property was sold on February 2, 2026. 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 stone and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $3,038,990 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.
- 4 Bedrooms and 5 Bathrooms
- Generous living space spanning 3500-5000 sqft on a premium 34.16 x 171.63 ft lot
- Features a unfinished 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: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Situated in the Prestigious and Highly Sought-after Observatory Hill neighborhood. This Never Lived-in Aspen Ridge Home McMillan Model with Loft offers 4265 sq ft of living space 3 Storeyswith ELEVATOR, on one of the largest lots in the Subdivision - BACKING ON THE RAVINE' This Stunning 4 Bedroom and 5 Bathroom home offers a Gourmet Kitchen with Built-in Sub Zero Fridge, Wolf Range, Waterfall Island, Herribone Hardwood, Pot Lights, Primary Bedroom with a gorgeous Master Suite, Glass Enclosure Shower, and many more upgrades. Comes with Full Tarion Warranty It is a must see! Located minutes from Hwy 407/404, public transit, shopping, and top-ranked Bayview Secondary School.
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Property Summary
This detached home located at 61 Milky Way Drive, Richmond Hill is currently for sale and has been available on SousaSells for 213 days. This property is listed at $3,038,990 with an estimated mortgage of $10,116* per month. It has 4 beds, 5 bathrooms, and is 3500-5000 square feet. 61 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 4 bedrooms and 5 bathrooms, this home offers ample space and comfort for growing families in Observatory, Richmond Hill.
- •4 spacious bedroom layout offering versatile living space
- •5 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
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 61 Milky Way Drive, Richmond Hill, ON
Q.What is the asking price for 61 Milky Way Drive, Richmond Hill, ON ?
The current listing price for 61 Milky Way Drive, Richmond Hill, ON in Observatory, Richmond Hill is $3,038,990.
Q.How many bedrooms and bathrooms does this property have?
This property features 4 bedrooms and 5 bathrooms across approximately 3500-5000 sqft.
Q.What property type and architectural style is 61 Milky Way Drive, Richmond Hill, ON ?
61 Milky Way Drive, Richmond Hill, ON is a Detached (3-Storey) featuring a Unfinished basement.
Q.What interior features are included in this home?
Interior highlights include: None.
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 61 Milky Way Drive, Richmond Hill, ON L4C 4M9
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $3,038,990 in Richmond Hill, the legal minimum down payment is $607,798 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 $62,450 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 $62,450.
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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.