$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
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
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
Estimated mortgage payment
$10,577 per month
- Principal and interest
- $10,577
- Property tax
- $1,087
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $523,975
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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