101 Milky Way Drive, Richmond Hill, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Observatory. Expertly crafted featuring premium brick and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $3,250,000 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 full, finished 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, Built-In Oven, ERV/HRV
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
for Sale by Owner. Click on "More Information" Link Below. RAVINE!! Nestled in the prestigious and highly coveted Observatory Hill community, this 2023 luxury-built residence offers over 4,800 sqft of upgraded living space, backing directly onto a tranquil ravine for ultimate privacy and scenic views. Designed with extensive builder upgrades throughout, this 4+1 Bedroom, 6 Bathroom home has been thoughtfully crafted with high-end finishes and exceptional attention to detail.Enjoy a gourmet kitchen featuring a stunning Quartzite countertop and matching backsplash, built-in oven and microwave, upgraded cabinetry with extended height and detailed crown moulding to the ceiling.The main floor impresses with 10ft ceilings, upgraded 8ft doors on both main and second floors, wide-plank hardwood flooring, elegant crown mouldings, and pot lights throughout. All bedrooms offer ensuite bathrooms and walk-in closets, with the primary suite featuring two walk-in closets and a spa-like ensuite. The finished basement includes a full bathroom and versatile space perfect for a home theatre, gym, or guest suite. Located just minutes from Hwy 407/404, GO Transit, Hillcrest Mall, and top-ranked Bayview Secondary School with IB Program, this home combines luxury, comfort, and unbeatable convenience. A true must-see in one of Richmond Hills most desirable neighbourhoods!
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Fenced Yard, Golf, Park, Ravine, School, Hospital
Interior Features
Auto Garage Door Remote, Built-In Oven, ERV/HRV, Storage, Water Meter, Water Heater
Security Features
Smoke Detector
Community Features
Location
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 101 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 $3,250,000 in Richmond Hill, the legal minimum down payment is $650,000 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 $67,725 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 $67,725.
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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.
