47 Milky Way Drive, Richmond Hill, ON

$2,490,000
MLS#:N12460029
5 beds
6 baths
3500-5000 sqft
4.0 parking
Residential Freehold
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Description

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

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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Key Features

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

Additional Details

StatusSold
Sold DateDecember 22, 2025
Sold price information is available to members only
Listed Date10/14/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionStone
Lot Size36.12 × 98.52 Feet
CountyYork
Annual Tax$11,829.01
Legal DescriptionLOT 405, PLAN 65M4547 SUBJECT TO AN EASEMENT FOR ENTRY AS IN YR3527914

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeBuilt-In

Heating & Cooling

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

Features

Property Features

Community Features

Location

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47 Milky Way Drive, Richmond Hill, ON

City & Neighborhood Guide

Comprehensive neighborhood overview, demographics, and school rankings for Observatory, Richmond Hill.

Verified Local Data
Population6,202,225
Median Age39.6 Yrs
Ownership65% Owners
Avg Area List Price$1,186,579

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

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-Occupied65%
Rented35%

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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 47 Milky Way Drive, Richmond Hill, ON L4C 4M9

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.

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Financial Audit

Estimated Costs

Loan Amount$1,992,000
Monthly Mortgage$11,574
Property Tax (Est.)$986
Utilities & Maint.$350
Total Monthly Cost$12,910

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.

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.