+ 24 photosFor Sale · Detached
27 Milky Way Drive, Richmond Hill, ON L4C 4M9
Richmond Hill · Observatory
64 days on market
4
Beds
5
Baths
4
Parking
3500-5000
Sq ft
—
Built
The honest picture
List price
$3,070,000
★ Renavu Estimate
$2,873,000
Lower confidence
Asking $3,070,000 · recent comparable sales here vary too widely to quote a range · homes here sell at about 94% of ask (25 recent sales). Our estimate weighs both.
Benchmark $1,578,000
Typical low · $1,499,000Typical high · $1,657,000
List price Renavu Estimate Benchmark Typical range
Renavu Estimate is our data-driven opinion of value, blended from 6 recent comparable sales (TRREB) and the area benchmark — not an appraisal. The benchmark is the typical price for 2-storey detached homes in Observatory (TRREB HPI, August 2026), a market reference — not this home's exact value.
About this home
- 4 bedrooms, 5 bathrooms, 4 parking spaces
- 3700+ sq ft on a private pie-shaped ravine lot
- Walkout basement opens to backyard with ravine views
- Third-floor loft (500+ sq ft) with full 4-piece bathroom and wet bar
- Rooftop terrace (360+ sq ft) accessible from third floor
- Kitchen has 48-inch Sub-Zero refrigerator, Wolf gas cooktop, and built-in Samsung microwave and oven
- Primary ensuite includes heated floors, freestanding soaker tub, and smart toilet with heated seat
Key points summarised from the listing description.
Property details
Listed on
July 13, 2026
Days on market
64 days
Property tax
$12,669 (2025)
Lot
27.07 × 140.82 Feet
Style
3-Storey
Heating
Forced Air
Cooling
Central Air
MLS®
N13557586
Full details
Parking
GarageBuilt-In
Driveway2
Garage spaces2
Total parking4
Parking featuresPrivate Double
Room dimensions
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Living Room | Ground | 7.92 × 4.26 | Coffered Ceiling(s), 2 Way Fireplace, Overlooks Ravine |
| Dining Room | Ground | 3.96 × 4.14 | Pot Lights, Hardwood Floor, Overlooks Ravine |
| Kitchen | Ground | 4.14 × 5.02 | Sliding Doors, Centre Island, Overlooks Ravine |
| Primary Bedroom | Second | 4.87 × 4.57 | Walk-In Closet(s), 5 Pc Ensuite, Overlooks Ravine |
| Bedroom 2 | Second | 3.65 × 3.04 | Walk-In Closet(s), 4 Pc Ensuite, Large Window |
| Bedroom 3 | Second | 3.53 × 3.73 | Hardwood Floor, B/I Closet, Large Window |
| Bedroom 4 | Second | 4.11 × 3.65 | Hardwood Floor, B/I Closet, Overlooks Ravine |
| Loft | Third | 8.5 × 5.58 | Hardwood Floor, Wet Bar, W/O To Terrace |
Property & sold history
Listing history
| Date Start | Date End | Price | Status | Listing ID |
|---|---|---|---|---|
| July 13, 2026 | — | $3,070,000 | For Sale | N13557586 |
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Run the numbers
True cost to close
What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
Homes over $1.5M require a minimum 20% down payment.
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$63,225
Legal · title · inspection$2,800
Closing costs$66,025
Down payment$614,000
Total cash to close$680,025
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.
