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For saleMLS® N13884300

181 Milky Way Drive, Richmond Hill, ON L4C 5H3

Observatory · L4C 5H3

$2,599,999

$743 / sq ft

3 weeks on market

Bedrooms
4+1
Bathrooms
6
Interior
3,500 sf
Parking
4
Lot
44.95 × 98.43 ft

What's special

  • Attached garage
  • Central air
  • Finished basement
  • 2 fireplaces
  • Carpet free
  • Erv/hrv
  • In-law suite

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About this property

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!

Rooms

14 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
Dining RoomMain4.90 × 4.45 m16.1 × 14.6 ftHardwood Floor · Pot Lights
OfficeMain3.35 × 3.00 m11.0 × 9.8 ftHardwood Floor · Sliding Doors · Large Window
KitchenMain4.60 × 6.65 m15.1 × 21.8 ftB/I Appliances · Centre Island · Pantry
BreakfastMain4.60 × 6.65 m15.1 × 21.8 ftCombined w/Kitchen · B/I Bar · W/O To Garden
Family RoomMain5.67 × 5.67 m18.6 × 18.6 ftGas Fireplace · Hardwood Floor · Pot Lights
Primary BedroomSecond4.60 × 5.50 m15.1 × 18.0 ftWalk-In Closet(s) · Gas Fireplace · 5 Pc Ensuite
Bedroom 2Second3.66 × 3.96 m12.0 × 13.0 ftHardwood Floor · Semi Ensuite · Large Closet
Bedroom 3Second3.05 × 5.18 m10.0 × 17.0 ftHardwood Floor · Semi Ensuite · Large Closet
Bedroom 4Second3.78 × 5.55 m12.4 × 18.2 ftWalk-In Closet(s) · 4 Pc Ensuite · Hardwood Floor
LoftThird6.46 × 3.90 m21.2 × 12.8 ftHardwood Floor · 4 Pc Bath · Wet Bar
RecreationThird3.05 × 3.47 m10.0 × 11.4 ftHardwood Floor · W/O To Terrace
RecreationBasement5.41 × 5.55 m17.7 × 18.2 ftLaminate · Pot Lights
RecreationBasement4.64 × 9.67 m15.2 × 31.7 ftLaminate · Pot Lights
OtherBasement2.73 × 2.58 m9.0 × 8.5 ft—

Features

  • Carpet Free
  • ERV/HRV
  • In-Law Suite

Property details

Property

Property type
detached
Bedrooms
4 + 1
Bathrooms
6
Interior size
3,500 sq ft
Lot size
44.95 × 98.43 ft
Zoning
R5
Possession
Flexible

Interior

Basement
Finished
Heating
Forced Air · Gas
Cooling
Central Air
Fireplaces
2
Exposure
North

Exterior & services

Construction
Brick, Stone
Garage
Attached
Parking spaces
4
Sewer
Sewer

Costs

List price
$2,599,999
Property taxes
$13,043 / year (2026)
Price per sq ft
$743

Listing

MLS® number
N13884300
Status
For sale
Listed
October 10, 2026
Days on market
26
Last updated
October 29, 2026
Listing brokerage
RE/MAX EXCEL REALTY LTD.

Price & sale history

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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 62% of comparable detached listings in Observatory are asking less.

$1.36MMedian $1.87M$2.76M
This home
$743 / sq ft
Comparable median
$768 / sq ft

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

Mortgage estimate

Down payment20.0% · minimum $520,000
$520,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$11,500.67
Property tax (est.)
$1,086.95
Estimated monthly
$12,588

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
$51,475
Total due on closing
$51,475

An estimate on the asking price of $2,599,999. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX EXCEL REALTY LTD.. 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.

$2,599,999

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