195 Milky way Drive, Richmond Hill, ON

$2,100
MLS#:N13022988
2 beds
1 baths
3000-3500 sqft
1.0 parking
Residential Freehold
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This listing is no longer active (Terminated)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Observatory. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,100 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.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning 3000-3500 sqft on a spacious lot (Feet)
  • Features a finished, walk-up basement, adding superb versatility for recreation, a home gym, or extra storage
  • 1.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Other
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Modern Basement Suite with Private Backyard | Prime Richmond Hill Location...............Welcome to this beautifully finished modern basement apartment located in one of Richmond Hill's most desirable communities. This is not your typical basement-offering a clean, contemporary design, high-end finishes, and the rare bonus of your own private backyard space. Step into a thoughtfully designed open-concept kitchen, complete with full-size stainless steel appliances, quartz countertops, custom cabinetry, and a full-height backsplash. The space flows seamlessly into a bright and inviting living area with pot lights throughout, creating a warm and comfortable environment. The bedroom is spacious and well-appointed, perfect for a single professional or couple, while the fully upgraded bathroom features a sleek glass walk-in shower and modern finishes. ..............Unbeatable Location - Conveniently situated in a quiet, family-friendly neighborhood, this home offers easy access to everything you need: Minutes to Hillcrest Mall for shopping, dining, and everyday essentials Close to major grocery stores including T&T, H Mart, Loblaws, Wal-mart and Metro Easy access to Highway 404, Highway 7, and Yonge Street Nearby Langstaff/RIchmond Hill GO Station for convenient commuting to downtown Toronto Access to York Region Transit & Viva routes Surrounded by parks, trails, and a safe residential community

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Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
3000-3500 sqft
Property Type
Residential Freehold

Additional Details

StatusTerminated
Listed Date4/20/2026
Transaction TypeFor Lease

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFinished, Walk-Up
CountyYork

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Other

Security Features

Community Features

Location

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195 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 195 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.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Richmond Hill.

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Interest Rate5.25%
Down Payment$105 (5.0%)
* Minimum Canadian down payment required for this price is $105.
Amortization Period25 Years
Estimated Monthly Payment$12Based on a loan of $1,995 over 25 years.
Purchase Price$2,100
Loan Amount$1,995
Provincial Land Transfer Tax:$11
Total Estimated Closing Taxes:$11

About Purchasing a Home in Richmond Hill, ON

For a property listed at $2,100 in Richmond Hill, the legal minimum down payment is $105 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 $11 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 $11.

Nearby Listings

Distance:

No current listings found in Richmond Hill.

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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.