121 Milky Way Drive, Richmond Hill, ON L4C 4L9
Observatory, Richmond Hill · Near Bayview Ave & 16th Ave · View map
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.
The home
- Type
- 2-storey detached home
- Style
- 2 1/2 Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 5
- Basement bedrooms
- 3
- Bathrooms
- 6
- Kitchens
- 1
- Rooms
- 10
- Basement
- Finished, Full
- Lot size
- 45 x 98.4 ft
- Faces
- West
- View
- Trees/Woods, Forest
- Approximate age
- 0-5 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Stone, Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- Yes
- Central vacuum
- Yes
Garage & parking
- Garage
- Built-In
- Garage spaces
- 2
- Driveway spaces
- 3
- Total parking
- 5
Taxes & other
- Property taxes
- $13,148/yr
- Tax year
- 2025
- Occupancy
- Owner
- Possession
- TBA
- Cross street
- Bayview Ave & 16th Ave
- Neighbourhood
- Observatory
More
- Price per sq ft
- ~$633 (at 4,250 sq ft)
- MLS® number
- N13729320
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The home and its surroundings
- Carpet Free
- Central Vacuum
- Auto Garage Door Remote
- ERV/HRV
- Water Softener
- Wooded/Treed
- Patio
- Landscaped
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
121 Milky Way Drive, Richmond Hill, ON L4C 4L9
Observatory, Richmond Hill · Near Bayview Ave & 16th Ave
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Listing history for 121 Milky Way Drive
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 121 Milky Way Drive
Answers come straight from this home’s MLS® listing.
How much is 121 Milky Way Drive listed for, and what would it cost each month?
121 Milky Way Drive is listed for $2,688,888. With 20% down ($537,778), the mortgage payment would be roughly $10,846 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $11,942 a month, all in. That figure is an illustration, not a quote.
Is 121 Milky Way Drive freehold or a condo, and is there a monthly fee?
121 Milky Way Drive is a 2-storey detached home in Observatory, Richmond Hill. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 121 Milky Way Drive have?
121 Milky Way Drive has 5 bedrooms, plus 3 more bedrooms in the basement, and 6 bathrooms. The listing gives the style as 2 1/2 storey.
Does 121 Milky Way Drive have a garage and parking?
Yes. The listing shows the garage as built-in, with room for 2 cars. The driveway adds 3 spaces. In total the listing counts 5 parking spaces.
Does 121 Milky Way Drive have a finished basement?
The listing describes the basement as finished, full. It counts 3 bedrooms on that level. Finished basement space is usually not counted in the square footage shown.
What style of home is 121 Milky Way Drive?
121 Milky Way Drive is a 2-storey detached home. A 2-storey detached house has its living space on the main floor and the bedrooms upstairs, on its own lot with no shared walls.
How big is 121 Milky Way Drive, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 45 x 98.4 ft.
How is 121 Milky Way Drive heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 121 Milky Way Drive?
Property taxes are $13,148 a year (2025), or about $1,096 a month.
Where is 121 Milky Way Drive?
121 Milky Way Drive is in the Observatory community of Richmond Hill. The nearest main intersection is Bayview Ave & 16th Ave. The postal code is L4C 4L9.
Is 121 Milky Way Drive still for sale?
Yes. It is an active listing (MLS® N13729320). Listings here update from the board through the day and come down once a home sells.
What are similar detached homes near 121 Milky Way Drive asking?
Similar detached homes for sale nearby right now include 164 Milky Way Drive at $2,700,000 (4+1 bed), 11 David Dunlap Boulevard at $2,720,000 (4+2 bed) and 209 Hillsview Drive at $2,798,000 (4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 121 Milky Way Drive sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 121 Milky Way Drive?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar detached homes nearby
More detached homes for sale near Observatory, picked by style, size and price.
2-storey detached home$2,700,000164 Milky Way Drive, Richmond Hill4+1 bed · 6 bath · ObservatoryCourtesy of: RE/MAX REALTRON REALTY INC.View home →
2-storey detached home$2,720,00011 David Dunlap Boulevard, Richmond Hill4+2 bed · 6 bath · ObservatoryCourtesy of: HOMELIFE BROADWAY REALTY INC.View home →
2-storey detached home$2,798,000209 Hillsview Drive, Richmond Hill4 bed · 5 bath · ObservatoryCourtesy of: RE/MAX REALTRON REALTY INC.View home →Courtesy of: RIGHT AT HOME REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.