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181 Milky Way Drive

Observatory / Richmond Hill, ON L4C 5H3

NewActiveFor Sale
5 Beds
6 Baths
3,500 Sq Ft
Single Family Home

About This Property

Rare Opportunity In Prestigious Observatory Hill! Aspen Ridge Built Araya Model With Loft Offering Over 4,300 Sq Ft Above Grade Plus A Professionally Finished Basement. This Luxury 3-Storey Detached Home Features 4+1 Bedrooms, 6 Bathrooms, 10 Ft Main Floor Ceilings, 9 Ft Second Floor Ceilings With 10 Ft Ceilings In 3 Bedrooms, Upgraded Ceiling Details In The Family Room, Coffered Ceiling In The Primary Bedroom, 8 Ft Second Floor Doors, 7-Inch Premium Hardwood Flooring, Luxury Glass Railing Staircase, 57 Pot Lights, Two Double-Sided Gas Fireplaces, Premium Window Coverings, 2 HVAC Systems With Built-In Humidifiers, And Extensive Designer Upgrades Throughout. Chef's Kitchen Featuring Custom Extended-Height Cabinetry, Extended Quartz Waterfall Island, Quartz Countertops, Brushed Gold Hardware, Chimney Hood Fan, Built-In Sub-Zero, Wolf, Miele And Cove Appliances, Pantry And Breakfast Area With Walk-Out To The Backyard. Spacious Primary Retreat With Gas Fireplace, Pocket Door, Custom Walk-In Closet And 5-Piece Ensuite. Third-Floor Loft With Wet Bar, Custom Cabinetry, 4-Piece Bath And Walk-Out To A Private Balcony Of Over 280 Sq Ft Offers Exceptional Flexible Living Space. Professionally Finished Basement With Heated Flooring, Recreation Area, Home Theatre, Bathroom, Lounge/Bar Area And Ample Storage. Over $500K In Total Improvements, Including Approx. $350K In Premium Builder Upgrades And Approx. $150K Spent By The Current Owner On Basement Finishing And Professional Interlocking At The Front Driveway, Side Yard And Backyard. Conveniently Located Near Bayview Secondary School, Parks, Transit, Shopping, Dining, GO Station, Hwy 404/407 And Everyday Amenities.

Property Details

StatusActive
Property TypeSingle Family Home
Listing TypeFor Sale
Interior Size3,500 sq ft
Bedrooms5
Bathrooms6
ListedJuly 8, 2026
Postal CodeL4C 5H3

Features & Amenities

  • View
  • Fireplace
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® N13535950

Listed by SMART SOLD REALTY

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.

$2,388,000

asking price

MLS®N13535950
TypeSingle Family Home
CityRichmond Hill
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$11,661

/month · $1,910,400 mortgage

Down Payment20% — $477,600
Interest Rate5.5%

Amortization

Total Interest

$1,587,876

Total Cost

$3,498,276

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

Full Mortgage Calculator →

Listed By

SMART SOLD REALTY