Looking for the perfect home in a thriving GTA community? Richmond Hill offers a mix of charm, convenience, and long-term value. Whether you’re after a detached family home, a cozy bungalow, or a luxury estate, this community delivers diverse housing options suited for families, investors, and first-time buyers.

Nestled just north of Toronto, Richmond Hill combines top-ranked schools, excellent transit, and a suburban lifestyle, all without sacrificing city access.

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NEXT Open House details

Feb 15, 2026 02:00 PM - 04:00 PM EST

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121 Milky Way Drive

Observatory Richmond Hill L4C 4L9

$3,200,000

Residential Freehold beds: 4+2 baths: 6.0

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• Details
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Open House - Feb 15, 2026

02:00 PM - 04:00 PM EST

NOTES: Open House on Sunday, February 15, 2026 2:00PM - 4:00PM

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Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

N12786944

Bedrooms:

4+2

Bathrooms:

6

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Welcome To An Extraordinary Estate 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:

Feb 13, 2026

Original Price:

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Previous Price:

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Listed by EXP REALTY

Data was last updated February 15, 2026 at 03:15 AM (UTC)

Area Statistics

Listings on market:

11

Avg list price:

$1,998,000

Min list price:

$1,198,000

Max list price:

$3,666,000

Avg days on market:

37

Min days on market:

1

Max days on market:

188

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 Richmond Hill Continues to Attract Homebuyers

• Highly-rated schools and safe, family-oriented streets
• Access to highways 404, 407, and GO Transit
• Lush parks, golf courses, and community recreation centres
• Walkable neighbourhoods with shops, dining, and services
• Steady property appreciation and investment value

Where to Find the Best Homes for Sale in Richmond Hill

• Bayview Hill – Large luxury homes on wide lots
• Jefferson – Modern developments and family-friendly design
• Oak Ridges – Surrounded by parks, lakes, and conservation areas
• Mill Pond – Character-filled homes near trails and schools
• Langstaff – Urban convenience near transit and Hillcrest Mall

Neighbourhood Highlights in Richmond Hill

Living in Richmond Hill means you’re part of a community that values nature, culture, and family. Residents enjoy weekend markets, libraries, recreational centres, and green space. With year-round events and family programs, there’s always something happening.

What to Expect from Richmond Hill Houses

• 3-5+ bedroom homes with finished basements
• Open-concept layouts and updated interiors
• Double-car garages and spacious backyards
• Newly built or renovated kitchens and baths
• Prime locations close to schools, trails, and plazas

Explore More GTA Homes:

• Condos for Sale in Toronto Under $350K
• Waterfront Cottages for Sale in Ontario under $300000
• Houses for Sale Richmond Hill under $500000
• Houses for Sale near Caledonia and Eglinton West
• Condos for Sale in Toronto Under $400K
• Aurora Homes For Sale
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Each link provides updated listings and expert insights.

FAQs – Richmond Hill Houses for Sale

1. Can I commute easily from Richmond Hill to Toronto?
Absolutely. Richmond Hill is well-connected via Highway 404, GO Transit, and York Region Rapid Transit.

2. What is the average price of a house in Richmond Hill?
Homes generally range from $1.2M for starter homes to $3M+ for luxury properties in high-end neighbourhoods.

3. Is Richmond Hill suitable for young families?
Yes. It’s known for safe streets, top schools, and family-friendly amenities.

4. Are there townhouses or semi-detached options available?
Richmond Hill offers many semi-detached and townhouse options, especially in areas like Oak Ridges and Jefferson.