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121 Milky Way Drive

Observatory / Richmond Hill, ON L4C 4L9

ActiveFor Sale
8 Beds
6 Baths
3,500 Sq Ft
Single Family Home

About This Property

Experience refined luxury in this remarkable ravine-backed 5+3 bed 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 kitchen is fully upgraded and built for entertaining, showcasing oversized appliances, 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.

Property Details

StatusActive
Property TypeSingle Family Home
Listing TypeFor Sale
Interior Size3,500 sq ft
Bedrooms8
Bathrooms6
Postal CodeL4C 4L9
Last UpdatedAug 8, 2026 · 7:22 p.m.

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Features & Amenities

  • View
  • Fireplace
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® N13160592

Listed by CENTURY 21 LANDUNION REALTY INC.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$2,518,000

asking price

MLS®N13160592
TypeSingle Family Home
CityRichmond Hill
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$12,296

/month · $2,014,400 mortgage

Down Payment20% — $503,600
Interest Rate5.5%

Amortization

Total Interest

$1,674,318

Total Cost

$3,688,718

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

Full Mortgage Calculator →

Listed By

CENTURY 21 LANDUNION REALTY INC.