121 MILKY WAY DRIVE, Richmond Hill (Observatory)

$2,688,888

For sale: Detached

Detached at 121 MILKY WAY DRIVE, Richmond Hill (Observatory)
Property type
Detached
Bedrooms / bathrooms
8 bedrooms, 6 bathrooms
Living area
5,000 sqft
MLS®
MLS® N13729320
Neighbourhood
Observatory

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.

Sold data

Detached homes in Richmond Hill (Observatory) — recent sold market

Detached homes in Richmond Hill (Observatory) took a median of 24 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 49, across 266 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.

The median sale price was $1,498,400.

Homes sold for about 3.6% below asking on average, so there was room to negotiate.

About 25% of sales closed above the list price.

Around 17% of sellers reduced their price before finding a buyer.

Median days to sell
24
Median sale price
$1,498,400
Sale-to-list ratio
96.4%
Sold above asking
25%

Based on 266 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Richmond Hill (Observatory)

Richmond Hill (Observatory) has 43 Fraser Institute–rated schools (35 elementary and 8 secondary), averaging 7.5/10.

Rated schools
43
Elementary
35
Secondary
8
Average rating
7.5 / 10

Top-rated schools in Richmond Hill (Observatory)

  • Corpus Christielementary, Richmond HillFraser rating 10.0/10
  • St. Therese of Lisieuxsecondary, Richmond HillFraser rating 10.0/10
  • Silver Streamelementary, Richmond HillFraser rating 9.3/10
  • St Charles Garnierelementary, Richmond HillFraser rating 9.3/10
  • Bayviewsecondary, Richmond HillFraser rating 9.2/10
  • Father Henri J M Nouwenelementary, Richmond HillFraser rating 9.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 121 MILKY WAY DRIVE