$2,858,888Asking Price
121 Milky Way Drive, Richmond Hill, ON L4C 4L9
Observatory, Richmond Hill
Experience refined luxury in this remarkable ravine-backed estate located in the prestigious Observatory Hill community. Built by Aspen Ridge in 2022, this exceptional residence offers over 6,800 sq ft of finished living space, including 4,303 sq ft above grade plus a professionally finished basement, enhanced in over $300,000 of premium upgrades. Designed with sophistication and functionality in mind, the home features a rare private 4-stop elevator providing seamless access across all levels. The striking stone and brick exterior is complemented by 10 ft ceilings, smooth ceilings throughout, elegant coffered details, stained oak staircases with upgraded iron pickets, and engineered oak hardwood flooring throughout the main and upper floors. The spectacular chef-inspired kitchen is built for entertaining, showcasing extended-height cabinetry, quartz countertops and slab backsplash, Hansgrohe fixtures, Wolf gas range, Sub-Zero refrigerator, and a dramatic 17 ft waterfall island with servery. Offering 4+3 spacious bedrooms and 6 beautifully finished bathrooms, this home provides incredible flexibility for family living and guests. The luxurious primary retreat features a spa-inspired ensuite with heated floors and a freestanding soaking tub. A standout feature is the third-floor loft with wet bar and walkout to a private rooftop terrace, overlooking breathtaking ravine views. The professionally finished basement adds a large recreation area, separate den, wet bar, and radiant heated floors. Additional highlights include a high-efficiency HVAC system with smart thermostat, 200-amp electrical service, EV charging rough-in, HRV system, central vacuum, and Tarion warranty coverage. Ideally situated just minutes to Yonge Street, Hillcrest Mall, Mackenzie Health, Richmond Hill GO Station, and Highway 404, this is a rare opportunity to own a truly exceptional luxury residence in one of Richmond Hill's most prestigious communities.
Experience refined luxury in this remarkable ravine-backed estate located in the prestigious Observatory Hill community. Built by Aspen Ridge in 2022, this exceptional residence offers over 6,800 sq ft of finished living space, including 4,303 sq ft above grade plus a professionally finished basement, enhanced in over $300,000 of premium upgrades. Designed with sophistication and functionality in mind, the home features a rare private 4-stop elevator providing seamless access across all levels. The striking stone and brick exterior is complemented by 10 ft ceilings, smooth ceilings throughout, elegant coffered details, stained oak staircases with upgraded iron pickets, and engineered oak hardwood flooring throughout the main and upper floors. The spectacular chef-inspired kitchen is built for entertaining, showcasing extended-height cabinetry, quartz countertops and slab backsplash, Hansgrohe fixtures, Wolf gas range, Sub-Zero refrigerator, and a dramatic 17 ft waterfall island with servery. Offering 4+3 spacious bedrooms and 6 beautifully finished bathrooms, this home provides incredible flexibility for family living and guests. The luxurious primary retreat features a spa-inspired ensuite with heated floors and a freestanding soaking tub. A standout feature is the third-floor loft with wet bar and walkout to a private rooftop terrace, overlooking breathtaking ravine views. The professionally finished basement adds a large recreation area, separate den, wet bar, and radiant heated floors. Additional highlights include a high-efficiency HVAC system with smart thermostat, 200-amp electrical service, EV charging rough-in, HRV system, central vacuum, and Tarion warranty coverage. Ideally situated just minutes to Yonge Street, Hillcrest Mall, Mackenzie Health, Richmond Hill GO Station, and Highway 404, this is a rare opportunity to own a truly exceptional luxury residence in one of Richmond Hill's most prestigious communities.
See MoreKey Info
- 2.5-Storey Detached
- 2-Car Driveway
- 2-Car Built-In Garage
- Bayview Ave & 16th Ave
- 3500-5000 Approximate Sq Feet
- Basement: Finished, Full
- 1 Kitchen
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 44.95 x 98.43 Feet
- Brick/Stone Exterior
- Taxes were $13,148 in 2025
- Possession: TBA
Details
- Fireplace
- Family Room
- Central Vacuum
- Sewers
- Municipal Water
- MLS #N13113664
- CENTURY 21 LANDUNION REALTY INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 21.52' x 14.30' | Double Sink, Centre Island, Walkout To Yard |
| 2 | Library | Main | 10.83' x 9.97' | Hardwood Floor, Sliding Doors, Large Window |
 | 1 4-Piece Bathroom | |||
| 2 5-Piece Bathrooms | |||
| 1 4-Piece Bathroom | |||
| 1 2-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom | |||
How Far is Too Far?
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Who lives here?
Observatory, Richmond Hill is a north GTA neighbourhood notable for its singles, renters, salespeople and tradespeople. It has a higher than average population of immigrants, particularly those from Iran, and Persian and Russian speakers. Residents tend to be older with a significant number of adults aged 25 to 39 and 25 to 39 and seniors aged 65 to 74.
Families
Kids Per Family
1.2
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
45%
of residents are
single and loving it.
45% singles
Richmond Hill (39%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
33%
of residents
are renters.
33% renters
Richmond Hill (19%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
49%
of residents are
university grads.
49% university grads
Richmond Hill (54%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$100K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 15% |
| Business | 11% |
| Sciences | 8% |
| Management | 6% |
| Government | 6% |
Immigrants
63%
of residents were
born outside of Canada.
63% immigrants
Richmond Hill (59%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
10.9% from China
All-time
Birthplace - Recent
2.8% from Iran
Recent
Foreign Languages
Foreign Languages
| Persian | 12% |
| Cantonese | 10% |
| Russian | 9% |
| Mandarin | 8% |
| Arabic | 3% |
Religions
Religions
| Christian | 51% |
| Muslim | 12% |
| Jewish | 4% |
| Buddhist | 2% |
| Sikh | 2% |
