- Bedrooms
- 5+3
- Bathrooms
- 6
- Size
- 3,500–5,000sq ft
- Per sq ft
- $633at the range’s middle
- Lot
- 44.95 x 98.43 ft
- Tax a year
- $13,1482025 tax year
- Built
- 0-5
- Parking
- 52 built-in
- Days on market
- Members
The brief
About 121 Milky Way Dr
121 Milky Way Dr is a 5+3-bedroom, 6-bathroom detached house in Observatory, Richmond Hill, listed for sale at an asking price of $2,688,888 (MLS® N13729320).
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.
Insights
Condition Score
Good73/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $13,148 / 2025
- MLS® number
- N13729320
- Board
- TRREB MLS®
- Property Type
- Detached
- Building Age
- 0-5
- Days on market
- Size
- 3500-5000 sqft
- Lot Size
- 44.95 x 98.43 ft
- Listed on
- Parking
- 2 Built-In, 5 Parking
Property details
Property
- Property Type
- Detached
- Style
- 2 1/2 Storey
- Community
- Observatory
- Municipality
- Richmond Hill
Building
- Size
- 3500-5000 sqft
- Building Age
- 0-5
- Construction
- Stone
Inside
- Bedrooms
- 5+3
- Bathrooms
- 6
- Bathroom Details
- 1 × 4pc 3rd, 2 × 5pc 2nd, 1 × 4pc 2nd, 1 × 2pc Main, 1 × 3pc Bsmt
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Garage Type
- Built-In
- Garage
- 2
- Additional Parking
- 3
- Total Parking
- 5
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 44.95 ft
- Depth
- 98.43 ft
- Lot Size
- 44.95 x 98.43 ft
Additional
- Foundation
- Poured Concrete
- Roof
- Flat
- Fireplace
- Yes
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- 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.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Family | 5.54 × 5.65 m | hardwood floor, Coffered Ceiling, 2 Way Fireplace | Main |
| Dining | 4.22 × 4.87 m | hardwood floor, Pot Lights, Large Window | Main |
| Kitchen | 4.36 × 6.56 m | Double Sink, central vacuum, W/O To Yard | Main |
| Library | 3.04 × 3.3 m | hardwood floor, Sliding Doors, Large Window | Main |
| Primary | 4.58 × 5.49 m | hardwood floor, 5 Pc Ensuite, O/Looks Ravine | 2nd |
| Br | 3.68 × 4.28 m | hardwood floor, 2 Way Fireplace, O/Looks Ravine | 2nd |
| 2nd Br | 3.72 × 5.54 m | hardwood floor, 4 Pc Ensuite, W/I Closet | 2nd |
| 3rd Br | 3.05 × 5.2 m | hardwood floor, Semi Ensuite, B/I Closet | 2nd |
| 4th Br | 3.65 × 4.05 m | hardwood floor, Semi Ensuite, B/I Closet | 2nd |
| Loft | 3.03 × 7.3 m | hardwood floor, 4 Pc Bath, W/O To Terrace | 3rd |
| Rec | 5.29 × 10.1 m | Laminate, Heated Floor, Wet Bar | Bsmt |
| Br | 4.17 × 4.27 m | Laminate, Heated Floor, Above Grade Window | Bsmt |
Listing history
Buy/sell history for 121 Milky Way Dr, Richmond Hill, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $2,688,888 | N/A | For Sale | N13729320 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $537,778
- Total mortgage amount
- $2,151,110
- Total interest payment
- $1,529,290
- Total purchase cost
- $4,218,178
- Mortgage payment
- $12,268/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
—Monthly carrying cost
$13,364- Rent $0
- Shortfall $13,364
Rental income starts at $0: enter the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $53,697
- Total land transfer tax
- $53,697
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $49,697
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $2,000,000
- $32,000
- 2.5% from $2,000,000 to $2,688,888
- $17,222
- Ontario total
- $53,697
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 4,424 sq ft411 m²
- Street frontage
- 44.95 ft13.7 m
- Depth
- 98.43 ft30 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by Survey.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m1 test or monitoring hole also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 3.5 km3.5 km
Province of Ontario open data
Around the home1
- Nearest rail line: 580 m580 m
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Envirogard Products Limited — Envirogard Products Limitied, 1.2 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Alectra Utilities CorporationAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 70 m awayFixed wireless up to 25/5 Mbps. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (70 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.70 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Dotto One, Rogers, telMAX. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Dash Networks, Rogers, Routcom, Vianet. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
The market
Detached homes for sale in Observatory right now
- For sale now
- 14
- Median asking price
- $1.88M
- New in 7 days
- 1
- Price cuts
- 0%
Middle half: $1.62M to $2.7M
4 in 28 days
0 listings
This home is asking 43% above the median.
See all homes in ObservatoryAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Richmond Hill GO | GO Transit train: Richmond Hill | 1.3 km |
| Yonge / Weldrick | YRT bus rapid transit: Viva Blue | 1.4 km |
| Yonge / Major Mackenzie | YRT bus rapid transit: Viva Blue | 1.6 km |
| Yonge / 16th-Carrville | YRT bus rapid transit: Viva Blue | 1.7 km |
| Yonge / Bantry-Scott | YRT bus rapid transit: Viva Blue | 2.2 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx; YRT schedule data (GTFS) from York Region Transit under the YRT Open Data Licence 2.0, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx. Contains public transit Information made available under YRT's Open Data Licence.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St Joseph Catholic Elementary SchoolYork CDSB | Catholic · grades JK–8 | 600 m | 87%Grade 6 average |
| Sixteenth Avenue Public SchoolYork Region DSB | Public · grades JK–8 | 900 m | 80%Grade 6 average |
| Bayview Hill Elementary SchoolYork Region DSB | Public · grades JK–8 | 1.1 km | 88%Grade 6 average |
| ÉÉC Sainte-Marguerite-Bourgeoys-MarkhamConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 4.9 km | 95%Grade 3 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Bayview Secondary SchoolYork Region DSB | Public · grades 9–12 | 1.6 km | 91%Grade 9 math |
| Alexander MacKenzie High SchoolYork Region DSB | Public · grades 9–12 | 2.4 km | 77%Grade 9 math |
| École secondaire Norval-MorrisseauConseil scolaire Viamonde | French-language public · grades 9–12 | 2.4 km | 90%Grade 9 math |
| Our Lady Queen of the World CA High SchoolYork CDSB | Catholic · grades 9–12 · French Immersion | 2.5 km | 79%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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