$2,688,888
Est. payment $11,906/moCalculate yours
121 Milky Way Drive, Richmond Hill, ON L4C 4L9
Observatory, Richmond Hill, ON L4C 4L9
- 5 + 3 Beds
- 6 Baths
- 2 Garage
- 3,500 Sq Ft
Listing courtesy of RIGHT AT HOME REALTY MLS® N13729320
About this home
Rare opportunity to own a nearly new, extensively upgraded luxury detached home in the prestigious David Dunlap Observatory neighbourhood. With a ravine at your back door, a rooftop terrace above the treeline, and an elevator that carries you between all four levels in the prestigious David Dunlap Observatory neighbourhood. Built in 2022 by Aspen Ridge, offering over 6,800 sq ft of total living space and approximately $300,000 in premium upgrades. This is one of only a handful of homes in Observatory Hill with all three signature features: a true ravine lot, a private four-stop elevator, and a third-floor loft that walks out to its own rooftop terrace over the trees. Inside, 4,303 sq ft above grade plus a fully finished basement. Ten-foot ceilings, coffered detailing, and engineered oak hardwood run through the main and upper floors. The chef inspired kitchen is built for people who actually cook and entertain, with a Wolf gas range, Sub-Zero fridge, and a 17-foot waterfall island with a servery behind it for prep and overflow. Five bedrooms upstairs, one bedroom in the basement, six bathrooms in total. Room for a large family, a live-in parent, or guests who stay a while without anyone feeling on top of each other. The primary suite looks straight out over the ravine, with heated ensuite floors and a freestanding soaking tub. The basement adds a second wet bar, a large rec room, a separate den, and radiant floor heating. Conveniently minutes to Yonge St, Hillcrest Mall, Mackenzie Health, Richmond Hill GO, Highway 404, Highway 407, and top-ranked schools including Bayview Secondary School.
Property details
Overview
- Property Type
- Detached
- Style
- 2 1/2 Storey
- For
- For Sale
- Status
- New
- Approximate Age
- 0-5
- Size
- 3,500 sqft
Interior
- Bedrooms
- 5 + 3
- Bathrooms
- 6
- Kitchens
- 1
- Basement
- Finished, Full
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Stone, Brick
- Foundation
- Poured Concrete
- Roof
- Flat
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 44.95 x 98.43 Feet
- Parking
- Built-In garage · 5 total
Financial
- Property Taxes
- $13,148 (2025)
Location
- Neighbourhood
- Observatory
- Cross Street
- Bayview Ave & 16th Ave
- Direction Faces
- West
Listing
- MLS® Number
- N13729320
- Days on Market
- 48
- Listed On
- 2026-08-31
- Possession
- TBA
- Listed By
- RIGHT AT HOME REALTY
Rooms
Features
Interior
- Carpet Free
- Central Vacuum
- Auto Garage Door Remote
- ERV/HRV
- Water Softener
Property
- Wooded/Treed
Pool
- None
- Included
- Oversized appliances: Wolf Gas Stove, Sub Zero Fridge, Asko Dishwasher, Pot Filler. Furnaces, Central A/C, Central Vacuum, Water Softener, Heat Recovery Ventilator (HRV), LG Washer & Dryer (2nd Floor). All Elfs and All Window Coverings. Two Garage Door Openers and Two remotes.
- Rental items
- Hot Water Tank
Mortgage calculator
Estimated mortgage payment
$11,906 per month
- Principal and interest
- $11,906
- Property tax
- $1,096
- Condo fees
- $0
- Estimated monthly cost
- $13,001
Your mortgage
- Mortgage amount
- $2,151,110
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,420,634
Cash to close
- Down payment
- $537,778
- Land transfer tax
- $53,697
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $591,475
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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