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121 Milky Way Drive

Observatory Richmond Hill L4C 4L9

$2,850,000

Residential Freehold beds: 4+2 baths: 6.0

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• Details
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Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

N12858652

Bedrooms:

4+2

Bathrooms:

6

• Photos (48)

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Welcome To An Extraordinary Home Backing Onto A Ravine In Prestigious Observatory Hill. A 2022 Aspen Ridge Masterpiece Offering Over 6,800 Square Feet Of Living Space, Including 4,303 Square Feet Above Grade Per MPAC Plus 2,276 Square Feet Of Finished Basement. Approximately $300,000 in premium upgrades and renovations. Complete With A Rare Four Level Elevator, Offering Effortless Elegance And Convenience Throughout The Home. Framed By Distinctive Stone And Brick Exteriors And An Architecturally Controlled Streetscape, This Residence Showcases Soaring 10 Foot Ceilings, Smooth Ceilings Throughout, Elegant Coffered Detailing, Stained Oak Staircases With Upgraded Pickets, And Engineered Oak Hardwood Flooring Across The Main And Upper Levels . The Chef Inspired Kitchen Is A Masterpiece Of Sophisticated Design, Appointed With Extended Height Cabinetry, Premium Quartz Countertops And A Quartz Slab Backsplash, Stainless Steel Undermount Sinks, Hansgrohe Faucets, A Wolf Gas Range And Sub Zero Fridge (2022), Plus A Dramatic 17 Foot Waterfall Island And Servery. Boasting 4 Plus 3 Lavishly Appointed Bedrooms And 6 Beautifully Designed Bathrooms Across All Levels. The Home Offers A Lavish Primary Retreat With Heated Ensuite Floors And A Freestanding Tub. A Stunning Third Level Loft Complete With A Wet Bar And Walkout To A Private Rooftop Terrace With Breathtaking Ravine Views. The Finished Basement Elevates Entertaining With A Recreation Area, Separate Den, Wet Bar And Radiant Heated Slab. Enhanced By A High Efficiency Heating System With Smart Thermostat, 200 Amp Electrical Service, Rough In For EV Charging, Central Vacuum, HRV System, And Tarion Backed Structural Warranty. Located in a coveted enclave surrounded by scenic trails, lush greenspace, minutes from Yonge Street, Hillcrest Mall, Mackenzie Health Hospital, Richmond Hill GO Station, and Highway 404.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Detached

Home Style:

2 1/2 Storey

Total Approx Floor Area:

3500-5000

Lot Depth:

98'5"30 m

Lot Frontage:

44'11"13.7 m

Direction Faces:

West

Bedrooms:

4+2

Bathrooms:

6.0

Water supply:

Municipal

Kitchens:

1

Bedrooms Above Grade:

4

Bedrooms Below Grade:

2

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

Fireplace Features:

Family Room, Natural Gas

Fireplace/Stove:

Yes

Garage:

Built-In

Garage Spaces:

2.0

Other Structures:

Fence - Full

Parking Features:

Private

Parking Spaces:

2

Total Parking Spaces:

4.0

Family Room:

Yes

Possession Details:

TBA

Pool:

None

Link:

No

Financial Info:

HST Applicable To Sale Price:

Included In

Taxes:

$13,148 / 2025

Assessment:

$- / -

County:

York

Listing Area:

Richmond Hill

Listing Sub-Area:

Observatory

Property Features / Area Influences:

Fenced Yard, Park, Ravine, School, Rec./Commun.Centre

Interior Features:

Carpet Free, Central Vacuum

Exterior Features:

Patio

Rental Items:

Hot Water Heater

Inclusions:

Furnaces, Central A/C, Central Vacuum, Water Softener, Heat Recovery Ventilator (HRV), Wolf Gas Stove, Sub Zero Fridge, Asko Dishwasher, Pot Filler. 2nd Floor LG Washer & Dryer. All Electrical Light Fixtures and All Window Coverings. Two Garage Door Openers and 2 remotes.

Exterior Finish:

Brick, Stone

Elevator:

Yes

View:

Trees/Woods

Room Information:

Floor

Type

Size

Other

Main

Dining Room

15'11¾"4.87 m × 13'10"4.22 m

Hardwood Floor, Pot Lights, Large Window

Main

Family Room

18'6½"5.65 m × 18'2"5.54 m

Hardwood Floor, Coffered Ceiling(s), 2 Way Fireplace

Main

Library

10'10"3.30 m × 10'3.05 m

Hardwood Floor, Sliding Doors, Large Window

Main

Kitchen

21'6¼"6.56 m × 14'4"4.37 m

Hardwood Floor, Centre Island, W/O To Yard

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 2

18'2"5.54 m × 12'2½"3.72 m

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

Second

Bedroom 3

17'1"5.21 m × 10'3.05 m

Hardwood Floor, Semi Ensuite, B/I Closet

Second

Bedroom 4

13'3½"4.05 m × 12'3.66 m

Hardwood Floor, Semi Ensuite, B/I 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

Den

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

Listing Info:

Date Listed:

Mar 07, 2026

Original Price:

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Previous Price:

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Listed by EXP REALTY

Data was last updated April 6, 2026 at 09:15 PM (UTC)

Area Statistics

Listings on market:

19

Avg list price:

$1,988,000

Min list price:

$899,000

Max list price:

$3,666,000

Avg days on market:

30

Min days on market:

0

Max days on market:

239

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.

Get market change alerts

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

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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Why Choose Richmond Hill Homes?

• Family-friendly neighbourhoods with top-rated schools
• Easy access to Highways 404, 407, and GO Transit for commuters
• Vibrant shopping and dining destinations including Hillcrest Mall
• Beautiful parks, trails, and recreation centres across the city
• Steady property appreciation and strong investment value

Top Neighbourhoods for Richmond Hill Homes for Sale

• Bayview Hill – Prestigious homes with spacious lots and elegant finishes
• Jefferson – Family-oriented community with modern developments
• Oak Ridges – Surrounded by nature and conservation areas
• Mill Pond – Heritage charm with scenic walking paths
• Langstaff – Conveniently located near transit and shopping centres

Neighbourhood Highlights in Richmond Hill

Richmond Hill offers an exceptional quality of life with a strong sense of community. Residents enjoy cultural attractions, outdoor recreation, and easy access to urban conveniences. Whether it’s shopping at Hillcrest Mall, enjoying performances at the Richmond Hill Centre for the Performing Arts, or exploring nearby conservation areas, there’s always something to do for everyone.

What to Expect in Richmond Hill Homes

Homes in Richmond Hill often feature:

• 3-5 bedrooms with open-concept, family-friendly layouts
• Upgraded kitchens with granite countertops and stainless steel appliances
• Spacious lots with landscaped yards and decks
• Finished basements ideal for recreation or rental income
• Modern upgrades including energy-efficient and smart home features

Explore More GTA Homes:

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• Houses for Sale Richmond Hill under $500000
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Each link provides updated listings and expert insights.

FAQs – Richmond Hill Homes for Sale

1. What is the average price of homes in Richmond Hill?
Homes typically start around $1.2M for smaller properties, with luxury estates reaching $3M or more.

2. Are there new developments in Richmond Hill?
Yes, there are several new and pre-construction communities in areas like Jefferson, Oak Ridges, and Bayview Hill.

3. Is Richmond Hill good for families?
Absolutely. The city is known for its top schools, parks, and family-oriented neighbourhoods.

4. How easy is it to commute from Richmond Hill to Toronto?
With multiple GO stations and access to major highways, commuting to downtown Toronto is fast and convenient.