107 Milky Way Drive, Richmond Hill, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Observatory. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $3,099,000 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 7 Bathrooms
- Generous living space spanning 3500-5000 sqft on a premium 44.95 x 98.43 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: In-Law Suite, Built-In Oven
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to the Luxurious Home in Richmond Hill's Most Prestigious And Sought After Community - Observatory Hill. This Impressive Residence Offers 5715 Square Feet Including Professionally Finished Basement of living space on a ravine lot. The Primary Bedroom Has High Ceiling with your Own Sanctury. The 3rd floor Loft offers a versatile space that can be Utilized into Into In- Law Suite, Nanny suite, or entertainment room. With Beautiful Interior upgrades, 10' Ceiling On Main, 9' Ceiling On 2nd And Bsmt. Excellent Layout with Open Concept, Upgraded Kitchen W/Large Breakfast Area and Walk out to the Backyard. High-End S/S Appliances, Backsplash, Hardwood Floor Thru-Out, Pot Lights, Gas Fireplace, Crown Moulding, Wainscoting and Much More. Finished Basement With Windows, A Rec Room, and 3pc Bathroom. Prime Location in a Top-Ranked School Zone: Bayview Secondary School. Just a 5-minute drive to the GO Station and 8 minutes to Highways 404 and 407. Conveniently situated near David Dunlap Observatory Park, this area offers the perfect blend of nature and urban living! Close to public transit, restaurants, schools, and other amenities. A Must See!
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In-Law Suite, Built-In Oven
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 107 Milky Way Drive, Richmond Hill, ON L4C 4M8
Based on 0 recent similar sales in the pocket.
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 $3,099,000 in Richmond Hill, the legal minimum down payment is $619,800 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 $63,950 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 $63,950.
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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.
