121 Milky Way Drive in Richmond Hill: Observatory House for sale : MLS®# N13729320
Welcome to your premier resource for finding your dream home in Greater Toronto without breaking the bank. With Daryl King Team, discovering homes for sale over $2M in Greater Toronto Area (GTA) has never been easier. Our expertly curated listings offer a range of options to suit every preference, from cozy condos to spacious family homes, all within the dynamic and diverse.
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.
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
2 1/2 Storey
Approx. Age:
0-5
Total Approx Floor Area:
3500-5000
Lot Depth:
98'5"30 m
Lot Frontage:
44'11"13.7 m
Direction Faces:
West
Bedrooms:
5+3
Bathrooms:
6.0
Water supply:
Municipal
Kitchens:
1
Bedrooms Above Grade:
5
Bedrooms Below Grade:
3
Kitchens Above Grade:
1
Rooms Above Grade:
10
Rooms Below Grade:
2
Heating type:
Forced Air
Heating Fuel:
Gas
Fireplaces:
2
Foundation:
Poured Concrete
Roof:
Flat
Basement:
Finished, Full
Fireplace Features:
Family Room, Natural Gas
Fireplace/Stove:
Yes
Garage:
Built-In
Garage Spaces:
2.0
Parking Spaces:
3
Total Parking Spaces:
5.0
Family Room:
Yes
Possession Details:
TBA
Pool:
None
Link:
No
HST Applicable To Sale Price:
Included In
Taxes:
$13,148 /
2025
Assessment:
$- /
-
York
Richmond Hill
Observatory
Wooded/Treed
Carpet Free, Central Vacuum, Auto Garage Door Remote, ERV/HRV, Water Softener
Patio, Landscaped
Hot Water Tank
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.
Stone, Brick
Yes
Trees/Woods, Forest
Elevator
Floor
Type
Size
Other
Main
Family Room
18'6½"5.65 m × 18'2"5.54 m
Hardwood Floor, Coffered Ceiling(s), 2 Way Fireplace
Data was last updated August 31, 2026 at 10:15 PM (UTC)
Area Statistics
Listings on market:
543
Avg list price:
$1,799,888
Min list price:
$798,800
Max list price:
$18,000,000
Avg days on market:
42
Min days on market:
1
Max days on market:
697
These statistics are generated based on the current listing's property type
and located in
Richmond Hill. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
Experience the Pinnacle of Luxury Living in Greater Toronto
Greater Toronto’s luxury real estate market is as diverse as it is expansive, offering an array of properties that redefine elegance. Our platform features detailed descriptions, high-quality photos, and immersive virtual tours, allowing you to explore the finest homes the GTA has to offer. Whether you’re drawn to the serene waterfront vistas, the secluded estates nestled in lush greenery, or the sophisticated urban residences, discover the ultimate in luxury living.
Navigate the GTA Market with Expertise and Insight
Engage with the Greater Toronto housing market with unparalleled confidence, supported by our expertly crafted guides and resources. From tailored mortgage solutions for high-value properties to insider tips on navigating the luxury market and understanding current trends, our resources are designed to empower your decision-making. Supported by our team of seasoned real estate professionals, your journey towards buying or selling in the luxury market is guided by knowledge and expertise.
Maximizing Visibility for Your Property in Greater Toronto
Selling your home in Greater Toronto? Leverage our bespoke marketing strategies, crafted to highlight the unique features of your property to a global audience of potential buyers. Our understanding of the luxury market’s nuances ensures your home is showcased to its best advantage, optimizing exposure and attracting serious buyers.