Skip to content
1 / 57
For saleMLS® N13729320

121 Milky Way Drive, Richmond Hill, ON L4C 4L9

Observatory · L4C 4L9

$2,688,888

$768 / sq ft

2 months on market

Bedrooms
5+3
Bathrooms
6
Interior
3,500 sf
Parking
5
Lot
44.95 × 98.43 ft
Age
0-5 years

What's special

  • Built-in garage
  • Central air
  • Finished basement
  • 2 fireplaces
  • Newly built
  • Carpet free
  • Central vacuum
  • Auto garage door remote

Book a private showing

Pick a time that suits you. No obligation.

Loading open times…

About this property

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.

Rooms

12 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
Family RoomMain5.65 × 5.54 m18.5 × 18.2 ftHardwood Floor · Coffered Ceiling(s) · 2 Way Fireplace
Dining RoomMain4.87 × 4.22 m16.0 × 13.8 ftHardwood Floor · Pot Lights · Large Window
KitchenMain6.56 × 4.36 m21.5 × 14.3 ftDouble Sink · Central Vacuum · W/O To Yard
LibraryMain3.30 × 3.04 m10.8 × 10.0 ftHardwood Floor · Sliding Doors · Large Window
Primary BedroomSecond5.49 × 4.58 m18.0 × 15.0 ftHardwood Floor · 5 Pc Ensuite · Overlooks Ravine
BedroomSecond4.28 × 3.68 m14.0 × 12.1 ftHardwood Floor · 2 Way Fireplace · Overlooks Ravine
Bedroom 2Second5.54 × 3.72 m18.2 × 12.2 ftHardwood Floor · 4 Pc Ensuite · Walk-In Closet(s)
Bedroom 3Second5.20 × 3.05 m17.1 × 10.0 ftHardwood Floor · Semi Ensuite · B/I Closet
Bedroom 4Second4.05 × 3.65 m13.3 × 12.0 ftHardwood Floor · Semi Ensuite · B/I Closet
LoftThird7.30 × 3.03 m24.0 × 9.9 ftHardwood Floor · 4 Pc Bath · W/O To Terrace
RecreationBasement10.10 × 5.29 m33.1 × 17.4 ftLaminate · Heated Floor · Wet Bar
BedroomBasement4.27 × 4.17 m14.0 × 13.7 ftLaminate · Heated Floor · Above Grade Window

Features

  • Carpet Free
  • Central Vacuum
  • Auto Garage Door Remote
  • ERV/HRV
  • Water Softener

Property details

Property

Property type
detached
Bedrooms
5 + 3
Bathrooms
6
Interior size
3,500 sq ft
Year built
0-5
Lot size
44.95 × 98.43 ft
Possession
TBA

Interior

Basement
Finished, Full
Heating
Forced Air · Gas
Cooling
Central Air
Fireplaces
2
Exposure
West

Exterior & services

Construction
Stone, Brick
Garage
Built-In
Parking spaces
5
Sewer
Sewer

Costs

List price
$2,688,888
Property taxes
$13,148 / year (2025)
Price per sq ft
$768
Rental items
Hot Water Tank

Listing

MLS® number
N13729320
Status
For sale
Listed
August 31, 2026
Days on market
65
Last updated
September 25, 2026
Listing brokerage
RIGHT AT HOME REALTY

Price & sale history

This property's sale history is hidden

TRREB rules require a free account before sold and leased prices can be shown. One registration unlocks full sale history across the site.

Unlock sale history & sold price

Free. Takes about twenty seconds.

Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 69% of comparable detached listings in Observatory are asking less.

$1.36MMedian $1.87M$2.76M
This home
$768 / sq ft
Comparable median
$756 / sq ft

Based on 13 comparable active detached listings in Observatory. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $537,778
$537,778
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$11,893.86
Property tax (est.)
$1,095.67
Estimated monthly
$12,990

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$53,697
Total due on closing
$53,697

An estimate on the asking price of $2,688,888. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RIGHT AT HOME REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$2,688,888

Contact Book a viewing

Comparable sales nearby

What similar homes in this area actually sold for.

Nearby sold prices are hidden

Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.

Unlock nearby sold prices

Free. Takes about twenty seconds.

Similar properties nearby