Gurvinder Nokwal REALTOR®
For Sale Detached 48 days on market

$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
Map

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

Room Level Dimensions
Family Room Main 18′ 6″ × 18′ 2″
Bedroom 4 Second 13′ 3″ × 12′ 0″
Loft Third 23′ 11″ × 9′ 11″
Dining Room Main 16′ 0″ × 13′ 10″
Kitchen Main 21′ 6″ × 14′ 4″
Bedroom 2 Second 18′ 2″ × 12′ 2″
Primary Bedroom Second 18′ 0″ × 15′ 0″
Bedroom Second 14′ 1″ × 12′ 1″
Bedroom Basement 14′ 0″ × 13′ 8″
Bedroom 3 Second 17′ 1″ × 10′ 0″
Library Main 10′ 10″ × 10′ 0″
Recreation Basement 33′ 2″ × 17′ 4″

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

Minimum for this price: $537,778 (20%)

Amortization, years

Estimated mortgage payment

$11,906 per month

Principal and interest
$11,906
Property tax
$1,096
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
Total, before legal fees
$591,475
Talk to me about financing

Estimates 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

121 Milky Way Drive, Richmond Hill, ON L4C 4L9 Observatory, Richmond Hill, ON L4C 4L9
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$2,688,888 121 Milky Way Drive, Richmond Hill, ON L4C 4L9
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