Gurvinder Nokwal REALTOR®
For Sale Detached 8 days on market

$2,388,888

Est. payment $10,577/moCalculate yours

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

Observatory, Richmond Hill, ON L4C 5H3

  • 4 + 1 Beds
  • 6 Baths
  • 2 Garage
  • 3,500 Sq Ft
Map

Listing courtesy of RE/MAX EXCEL REALTY LTD. MLS® N13884300

About this home

Luxury Living In Richmond Hill’s Prestigious Observatory Hill Community! This Stunning Aspen Ridge Araya Model Offers Over 4,300 Sq Ft Above Grade Plus A Professionally Finished Basement. Featuring 4+1 Bedrooms, 6 Bathrooms And A Spacious Third-Floor Loft With Wet Bar, Full Bath And Walk-Out To A Private 280+ Sq Ft Balcony. The Gourmet Kitchen Showcases Custom Cabinetry, Quartz Waterfall Island, Brushed Gold Accents And Premium Sub-Zero, Wolf, Miele And Cove Appliances. Elegant Living Spaces Feature 10 Ft Main Floor Ceilings, 9 Ft Second Floor Ceilings, 10 Ft Ceilings In Three Bedrooms, 7-Inch Hardwood Flooring, Glass Staircase Railings, Designer Ceiling Details, 57 Pot Lights And Two Double-Sided Gas Fireplaces. The Luxurious Primary Suite Offers A Custom Walk-In Closet, Fireplace And Spa-Inspired 5-Piece Ensuite. The Finished Basement Features Heated Floors, Home Theatre, Recreation Area, Lounge And Bar. Additional Highlights Include Premium Window Coverings And Two HVAC Systems With Built-In Humidifiers. Approximately $350K In Builder Upgrades Plus Extensive Owner Improvements. Conveniently Located Near Bayview Secondary School, Parks, Shopping, Restaurants, GO Transit And Highways 404/407. An Exceptional Home Offering Luxury, Space And Comfort In A Prime Location!

Property details

Overview

Property Type
Detached
Style
3-Storey
For
For Sale
Status
New
Size
3,500 sqft

Interior

Bedrooms
4 + 1
Bathrooms
6
Kitchens
1
Basement
Finished

Building & Systems

Heating
Forced Air (Gas)
Cooling
Central Air
Exterior
Brick, Stone
Foundation
Concrete
Roof
Shingles
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
44.95 x 98.43 Feet
Parking
Attached garage · 4 total
Zoning
R5

Financial

Property Taxes
$13,043 (2026)

Location

Neighbourhood
Observatory
Cross Street
Bayview Ave & 16th Ave
Direction Faces
North

Listing

MLS® Number
N13884300
Days on Market
8
Listed On
2026-10-10
Listed By
RE/MAX EXCEL REALTY LTD.

Rooms

Room Level Dimensions
Breakfast Main 15′ 1″ × 21′ 10″
Family Room Main 18′ 7″ × 18′ 7″
Office Main 11′ 0″ × 9′ 10″
Bedroom 3 Second 10′ 0″ × 17′ 0″
Kitchen Main 15′ 1″ × 21′ 10″
Bedroom 4 Second 12′ 5″ × 18′ 3″
Recreation Third 10′ 0″ × 11′ 5″
Recreation Basement 17′ 9″ × 18′ 3″
Dining Room Main 16′ 1″ × 14′ 7″
Other Basement 8′ 11″ × 8′ 6″
Loft Third 21′ 2″ × 12′ 10″
Recreation Basement 15′ 3″ × 31′ 9″
Primary Bedroom Second 15′ 1″ × 18′ 1″
Bedroom 2 Second 12′ 0″ × 13′ 0″

Features

Interior

  • Carpet Free
  • ERV/HRV
  • In-Law Suite

Property

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

Pool

  • None
Included
All Existing Kitchen Appliances, Including Refrigerator, Stove, Range Hood, And Dishwasher; Washer And Dryer; All Existing Electrical Light Fixtures; And All Window Coverings.

Mortgage calculator

Minimum for this price: $477,778 (20%)

Amortization, years

Estimated mortgage payment

$10,577 per month

Principal and interest
$10,577
Property tax
$1,087
Estimated monthly cost
$11,664

Your mortgage

Mortgage amount
$1,911,110
Mortgage insurance
Not needed
Interest over 25 years
$1,262,133

Cash to close

Down payment
$477,778
Land transfer tax
$46,197
Total, before legal fees
$523,975
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

181 Milky Way Drive, Richmond Hill, ON L4C 5H3 Observatory, Richmond Hill, ON L4C 5H3
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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).

$2,388,888 181 Milky Way Drive, Richmond Hill, ON L4C 5H3
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