+ 24 photosFor Sale · Detached
121 Milky Way Drive, Richmond Hill, ON L4C 4L9
Richmond Hill · Observatory
14 days on market
5 + 3
Beds
6
Baths
5
Parking
3500-5000
Sq ft
0-5 yrs
Built
The honest picture
List price
$2,688,888
★ Renavu Estimate
$2,539,000
Lower confidence
Asking $2,688,888 · 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
- 5 + 3 bedrooms, 6 bathrooms, 5 parking spaces
- Built in 2022; 4,303 sq ft above grade plus finished basement
- Four-stop elevator connecting all levels
- Ravine lot with rooftop terrace on third floor
- Kitchen has Wolf gas range, Sub-Zero refrigerator, and 17-foot waterfall island
- Primary suite includes heated ensuite floors and freestanding soaking tub
- Basement includes wet bar, rec room, den, and radiant floor heating
Key points summarised from the listing description.
Property details
Listed on
August 31, 2026
Days on market
14 days
Property tax
$13,148 (2025)
Lot
44.95 × 98.43 Feet
Style
2 1/2 Storey
Heating
Forced Air
Cooling
Central Air
MLS®
N13729320
Full details
Parking
GarageBuilt-In
Driveway3
Garage spaces2
Total parking5
Room dimensions
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Family Room | Main | 5.65 × 5.54 Meters | Hardwood Floor, Coffered Ceiling(s), 2 Way Fireplace |
| Dining Room | Main | 4.87 × 4.22 Meters | Hardwood Floor, Pot Lights, Large Window |
| Kitchen | Main | 6.56 × 4.36 Meters | Double Sink, Central Vacuum, W/O To Yard |
| Library | Main | 3.3 × 3.04 Meters | Hardwood Floor, Sliding Doors, Large Window |
| Primary Bedroom | Second | 5.49 × 4.58 Meters | Hardwood Floor, 5 Pc Ensuite, Overlooks Ravine |
| Bedroom | Second | 4.28 × 3.68 Meters | Hardwood Floor, 2 Way Fireplace, Overlooks Ravine |
| Bedroom 2 | Second | 5.54 × 3.72 Meters | Hardwood Floor, 4 Pc Ensuite, Walk-In Closet(s) |
| Bedroom 3 | Second | 5.2 × 3.05 Meters | Hardwood Floor, Semi Ensuite, B/I Closet |
| Bedroom 4 | Second | 4.05 × 3.65 Meters | Hardwood Floor, Semi Ensuite, B/I Closet |
| Loft | Third | 7.3 × 3.03 Meters | Hardwood Floor, 4 Pc Bath, W/O To Terrace |
| Recreation | Basement | 10.1 × 5.29 Meters | Laminate, Heated Floor, Wet Bar |
| Bedroom | Basement | 4.27 × 4.17 Meters | Laminate, Heated Floor, Above Grade Window |
Property & sold history
Listing history
| Date Start | Date End | Price | Status | Listing ID |
|---|---|---|---|---|
| August 31, 2026 | — | $2,688,888 | For Sale | N13729320 |
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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$53,697
Legal · title · inspection$2,800
Closing costs$56,497
Down payment$537,778
Total cash to close$594,275
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.
