61 Milky Way Drive, Richmond Hill, ON

$3,038,990
MLS#:N12662652
4 beds
5 baths
3500-5000 sqft
4.0 parking
Residential Freehold
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Description

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

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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Key Features

Bedrooms
4
Bathrooms
5
Kitchens
1
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateFebruary 2, 2026
Sold price information is available to members only
Listed Date1/5/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionStone, Stucco (Plaster)
Lot Size34.16 × 171.63 Feet
CountyYork
Annual Tax$0
Legal DescriptionPLAN 65M4547 LOT 398

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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61 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 61 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.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$2,431,192
Monthly Mortgage$14,126
Property Tax (Est.)$0
Utilities & Maint.$350
Total Monthly Cost$14,476

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.

City & 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$1,291,497

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%

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-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.