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121 Milky Way Drive

Observatory Richmond Hill L4C 4L9

$2,678,888

Residential Freehold beds: 5+3 baths: 6.0

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• Details
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Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

N14172794

Bedrooms:

5+3

Bathrooms:

6

• Photos (50)

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Rare opportunity to own a nearly new, extensively upgraded luxury detached home in the prestigious David Dunlap Observatory neighbourhood. With a gorgeous 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.

General Info:

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:

30'9.14 m

Lot Frontage:

13'8"4.18 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

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Fireplaces:

2

Foundation:

Poured Concrete

Roof:

Flat

Basement:

Finished, Full

Fireplace Features:

Natural Gas, Family Room

Fireplace/Stove:

Yes

Garage:

Attached

Garage Spaces:

2.0

Parking Spaces:

3

Total Parking Spaces:

5.0

Family Room:

Yes

Possession Details:

TBA

Pool:

None

Link:

No

Financial Info:

HST Applicable To Sale Price:

Included In

Assessment Year:

2025

Taxes:

$13,148 / 2025

Assessment:

$- / 2025

County:

York

Listing Area:

Richmond Hill

Listing Sub-Area:

Observatory

Property Features / Area Influences:

Greenbelt/Conservation, Ravine, Wooded/Treed, Terraced

Interior Features:

Carpet Free, Central Vacuum, Auto Garage Door Remote, ERV/HRV

Exterior Features:

Landscaped, Patio

Rental Items:

Hot Water Tank

Exterior Finish:

Brick, Stone

Elevator:

Yes

Waterfront:

None

View:

Forest, Trees/Woods

Accessibility Features:

Elevator

Room Information:

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

Main

Dining Room

15'11¾"4.87 m × 13'10"4.22 m

Hardwood Floor, Pot Lights, Large Window

Main

Kitchen

21'6¼"6.56 m × 14'4"4.37 m

Double Sink, W/O To Yard, Centre Island

Main

Library

10'10"3.30 m × 10'3.05 m

Hardwood Floor, Sliding Doors, Large Window

Second

Primary Bedroom

18'5.49 m × 15'4.57 m

Hardwood Floor, 5 Pc Ensuite, Overlooks Ravine

Second

Den

14'½"4.28 m × 12'⅞"3.68 m

Hardwood Floor, 2 Way Fireplace, Overlooks Ravine

Second

Bedroom

18'2"5.54 m × 12'2½"3.72 m

Hardwood Floor, 4 Pc Ensuite, Walk-In Closet(s)

Second

Bedroom 2

17'1"5.21 m × 10'3.05 m

Hardwood Floor, Semi Ensuite, Closet

Second

Bedroom 4

13'3½"4.05 m × 12'3.66 m

Hardwood Floor, Semi Ensuite, Closet

Third

Loft

23'11"7.29 m × 9'11"3.02 m

Hardwood Floor, 4 Pc Bath, W/O To Terrace

Basement

Recreation

33'2"10.10 m × 17'4¼"5.29 m

Laminate, Heated Floor, Wet Bar

Basement

Bedroom

14'4.27 m × 13'8"4.17 m

Laminate, Heated Floor, Above Grade Window

Other Details:

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

Central Air

Central Vacuum:

Yes

Seller Property Info Statement:

No

Laundry Level:

Upper Level

Business Info:

Builder:

Aspen Ridge

Listing Info:

Date Listed:

Nov 12, 2026

Original Price:

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Previous Price:

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  Library
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  Dining Room
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  Dining Room
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  Dining Room
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  Kitchen
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  17 Foot Island
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  Family Room
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  Family Room
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  Two Way Fireplace
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  Family Room
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  Family Room
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  First Floor Washroom
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  Elevator First Floor
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  Master Bedroom
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  Master Bedroom
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  Den
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  Two Way Fireplace
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  Two Way Fireplace
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  Backyard
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Listed by RIGHT AT HOME REALTY

Data was last updated November 12, 2026 at 04:15 AM (UTC)

Area Statistics

Listings on market:

15

Avg list price:

$1,890,000

Min list price:

$988,000

Max list price:

$3,188,800

Avg days on market:

36

Min days on market:

0

Max days on market:

121

These statistics are generated based on the current listing's property type and located in Observatory. Average values are derived using median calculations. This data is not produced by the MLS® system.

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This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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