All photos · 64

Observatory

121 Milky Way Drive, Richmond Hill, ON L4C 4L9

$2,858,888

Beds

8

Baths

6

Type

Freehold

About this home

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 5+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.

Interior

  • · Carpet Free
  • · Central Vacuum
  • · Auto Garage Door Remote
  • · ERV/HRV
  • · Water Softener

Exterior

  • · Patio

Heating

  • · Forced Air

Cooling

  • · Central Air

Parking

  • · Private

Basement

  • · Finished
  • · Full

Room by room

Family Room

Main18'6" × 18'2"

Dining Room

Main16'0" × 13'10"

Kitchen

Main21'6" × 14'4"

Library

Main10'10" × 10'0"

Primary Bedroom

Second18'0" × 15'0"

Den

Second14'1" × 12'1"

Bedroom 2

Second18'2" × 12'2"

Bedroom 3

Second17'1" × 10'0"

Bedroom 4

Second13'3" × 12'0"

Loft

Third23'11" × 9'11"

Recreation

Basement33'2" × 17'4"

Den

Basement14'0" × 13'8"

What it could cost monthly

Estimated monthly

$13,092

Principal & interest, per month


Mortgage amount
$2,287,110
Down payment
$571,778
Total interest paid
$1,640,456

Indicative only. Final terms depend on your lender, credit profile, and CMHC insurance if your down payment is under 20%.

A note from your agent

Alfred Martinelli

Broker

416-839-3599

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Listing data provided under copyright by the A00001796 and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.

Room measurements deemed reliable but not guaranteed. Some values are sourced as metres and converted to feet for display.

Listing brokerage

CENTURY 21 LANDUNION REALTY INC.

Co-listing brokerage

RE/MAX EXCEL REALTY LTD.

Each office independently owned and operated.