- Bedrooms
- 4+1
- Bathrooms
- 6
- Size
- 3,500–5,000sq ft
- Per sq ft
- $612at the range’s middle
- Lot
- 44.95 x 98.43 ft
- Tax a year
- $13,0432026 tax year
- Parking
- 42 attached
- Days on market
- Members
The brief
About 181 Milky Way Dr
181 Milky Way Dr is a 4+1-bedroom, 6-bathroom detached house in Observatory, Richmond Hill, listed for sale at an asking price of $2,599,999 (MLS® N13884300).
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!
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$8,149/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 21 detached homes with 5 bedrooms for lease in Richmond Hill right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $13,043 / 2026
- MLS® number
- N13884300
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 3500-5000 sqft
- Lot Size
- 44.95 x 98.43 ft
- Listed on
- Parking
- 2 Attached, 4 Parking
Property details
Property
- Property Type
- Detached
- Style
- 3-Storey
- Community
- Observatory
- Municipality
- Richmond Hill
Building
- Size
- 3500-5000 sqft
- Construction
- Brick
Inside
- Bedrooms
- 4+1
- Bathrooms
- 6
- Bathroom Details
- 1 × 2pc Main, 1 × 5pc 2nd, 2 × 4pc 2nd, 1 × 3pc 2nd, 1 × 3pc Bsmt
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Driveway
- Private
- Garage Type
- Attached
- Garage
- 2
- Additional Parking
- 2
- Total Parking
- 4
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
- Concrete
- Roof
- Shingles
- Fireplace
- Yes
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- All Existing Kitchen Appliances, Including Refrigerator, Stove, Range Hood, And Dishwasher; Washer And Dryer; All Existing Electrical Light Fixtures; And All Window Coverings.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Dining | 4.45 × 4.9 m | hardwood floor, Pot Lights | Main |
| Office | 3.0 × 3.35 m | hardwood floor, Sliding Doors, Large Window | Main |
| Kitchen | 6.65 × 4.6 m | B/I Appliances, Centre Island, Pantry | Main |
| Breakfast | 6.65 × 4.6 m | Combined W/Kitchen, B/I Bar, W/O To Garden | Main |
| Family | 5.67 × 5.67 m | Gas Fireplace, hardwood floor, Pot Lights | Main |
| Primary | 5.5 × 4.6 m | W/I Closet, Gas Fireplace, 5 Pc Ensuite | 2nd |
| 2nd Br | 3.96 × 3.66 m | hardwood floor, Semi Ensuite, Large Closet | 2nd |
| 3rd Br | 5.18 × 3.05 m | hardwood floor, Semi Ensuite, Large Closet | 2nd |
| 4th Br | 5.55 × 3.78 m | W/I Closet, 4 Pc Ensuite, hardwood floor | 2nd |
| Loft | 3.9 × 6.46 m | hardwood floor, 4 Pc Bath, Wet Bar | 3rd |
| Rec | 3.47 × 3.05 m | hardwood floor, W/O To Terrace | 3rd |
| Rec | 5.55 × 5.41 m | Laminate, Pot Lights | Bsmt |
| Rec | 9.67 × 4.64 m | Laminate, Pot Lights | Bsmt |
| Other | 2.58 × 2.73 m | — | Bsmt |
Listing history
Buy/sell history for 181 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 | $2,599,999 | N/A | Pc | N13884300 |
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
- $520,000
- Total mortgage amount
- $2,079,999
- Total interest payment
- $1,478,601
- Total purchase cost
- $4,078,600
- Mortgage payment
- $11,862/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
75%Monthly carrying cost
$12,949- Rent $4,800
- Shortfall $8,149
Rental income opens at $4,800, the median asking rent of 21 comparable homes for lease in Richmond Hill. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $51,475
- Total land transfer tax
- $51,475
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $47,475
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 $2,599,999
- $15,000
- Ontario total
- $51,475
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 GeoWarehouse.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- 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 m10 test or monitoring holes also recorded.250 m
- Groundwater recorded about 4.6 m below ground nearbyThe middle water level in the well records within 500 m (37 records). It changes with the season and from spot to spot.500 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: 3.2 km3.2 km
Province of Ontario open data
Around the home1
- Nearest rail line: 830 m830 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 this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (10 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- 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 38% 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 | 1.7 km |
| Yonge / Major Mackenzie | YRT bus rapid transit: Viva Blue | 1.8 km |
| Yonge / 16th-Carrville | YRT bus rapid transit: Viva Blue | 2 km |
| Yonge / Crosby | YRT bus rapid transit: Viva Blue | 2.5 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 | 450 m | 87%Grade 6 average |
| Bayview Hill Elementary SchoolYork Region DSB | Public · grades JK–8 | 850 m | 88%Grade 6 average |
| Walter Scott Public SchoolYork Region DSB | Public · grades JK–8 | 1.1 km | 62%Grade 6 average |
| ÉÉC Sainte-Marguerite-Bourgeoys-MarkhamConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 4.6 km | 95%Grade 3 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Bayview Secondary SchoolYork Region DSB | Public · grades 9–12 | 1.4 km | 91%Grade 9 math |
| Our Lady Queen of the World CA High SchoolYork CDSB | Catholic · grades 9–12 · French Immersion | 2.3 km | 79%Grade 9 math |
| École secondaire Norval-MorrisseauConseil scolaire Viamonde | French-language public · grades 9–12 | 2.5 km | 90%Grade 9 math |
| Alexander MacKenzie High SchoolYork Region DSB | Public · grades 9–12 | 2.6 km | 77%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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Sold prices in Observatory are shown to signed-in members.