181 Milky Way Drive, Richmond Hill, ON

$2,499,000
MLS#:N13161664
5 beds
6 baths
3500-5000 sqft
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 3-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 $2,499,000 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 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: Carpet Free, ERV/HRV, In-Law Suite
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Rare Opportunity In Prestigious Observatory Hill! Aspen Ridge Built Araya Model With Loft Offering Over 4,300 Sq Ft Above Grade Plus A Professionally Finished Basement. This Luxury 3-Storey Detached Home Features 4+1 Bedrooms, 6 Bathrooms, 10 Ft Main Floor Ceilings, 9 Ft Second Floor Ceilings With 10 Ft Ceilings In 3 Bedrooms, Upgraded Ceiling Details In The Family Room, Coffered Ceiling In The Primary Bedroom, 8 Ft Second Floor Doors, 7-Inch Premium Hardwood Flooring, Luxury Glass Railing Staircase, 57 Pot Lights, Two Double-Sided Gas Fireplaces, Premium Window Coverings, 2 HVAC Systems With Built-In Humidifiers, And Extensive Designer Upgrades Throughout. Chef's Kitchen Featuring Custom Extended-Height Cabinetry, Extended Quartz Waterfall Island, Quartz Countertops, Brushed Gold Hardware, Chimney Hood Fan, Built-In Sub-Zero, Wolf, Miele And Cove Appliances, Pantry And Breakfast Area With Walk-Out To The Backyard. Spacious Primary Retreat With Gas Fireplace, Pocket Door, Custom Walk-In Closet And 5-Piece Ensuite. Third-Floor Loft With Wet Bar, Custom Cabinetry, 4-Piece Bath And Walk-Out To A Private Balcony Of Over 280 Sq Ft Offers Exceptional Flexible Living Space. Professionally Finished Basement With Heated Flooring, Recreation Area, Home Theatre, Bathroom, Lounge/Bar Area And Ample Storage. Over $500K In Total Improvements, Including Approx. $350K In Premium Builder Upgrades And Approx. $150K Spent By The Current Owner On Basement Finishing And Professional Interlocking At The Front Driveway, Side Yard And Backyard. Conveniently Located Near Bayview Secondary School, Parks, Transit, Shopping, Dining, GO Station, Hwy 404/407 And Everyday Amenities.

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Key Features

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

Additional Details

StatusActive
Listed Date5/22/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style3-Storey
ConstructionBrick, Stone
BasementFinished
Lot Size44.95 × 98.43 Feet
CountyYork
Annual Tax$12,647
Legal DescriptionLOT 297, PLAN 65M4547 SUBJECT TO AN EASEMENT FOR ENTRY AS IN YR2976403

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Place Of Worship, Park, School, Public Transit

Interior Features

Carpet Free, ERV/HRV, In-Law Suite

Security Features

Monitored

Community Features

Location

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181 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 181 Milky Way Drive, Richmond Hill, ON L4C 5H3

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$1,999,200
Monthly Mortgage$11,616
Property Tax (Est.)$1,054
Utilities & Maint.$350
Total Monthly Cost$13,020

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.

Similar Listings Nearby

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$1,298,422

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.