Rare opportunity to own a nearly new, extensively upgraded luxury detached home in the prestigious David Dunlap Observatory neighbourhood. With a ravine at your back door, a rooftop terrace above the treeline, and an elevator that carries you between all four levels in the prestigious David Dunlap Observatory neighbourhood. Built in 2022 by Aspen Ridge, offering over 6,800 sq ft of total living space and approximately $300,000 in premium upgrades. This is one of only a handful of homes in Observatory Hill with all three signature features: a true ravine lot, a private four-stop elevator, and a third-floor loft that walks out to its own rooftop terrace over the trees. Inside, 4,303 sq ft above grade plus a fully finished basement. Ten-foot ceilings, coffered detailing, and engineered oak hardwood run through the main and upper floors. The chef inspired kitchen is built for people who actually cook and entertain, with a Wolf gas range, Sub-Zero fridge, and a 17-foot waterfall island with a servery behind it for prep and overflow. Five bedrooms upstairs, one bedroom in the basement, six bathrooms in total. Room for a large family, a live-in parent, or guests who stay a while without anyone feeling on top of each other. The primary suite looks straight out over the ravine, with heated ensuite floors and a freestanding soaking tub. The basement adds a second wet bar, a large rec room, a separate den, and radiant floor heating. Conveniently minutes to Yonge St, Hillcrest Mall, Mackenzie Health, Richmond Hill GO, Highway 404, Highway 407, and top-ranked schools including Bayview Secondary School.
Address
121 Milky Way Drive
List Price
$2,688,888
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2 1/2 Storey
Transaction Type
Sale
Area
Richmond Hill
Sub-Area
Observatory
Region
York
Bedrooms
5 + 3
Bedrooms (Total)
8
Rooms Above Grade
10
Rooms Below Grade
2
Bathrooms
6
Floor Area
3500-5000 Sq. Ft.
Lot Size Source
Survey
Lot Depth
98.43
Lot Size Units
Feet
Lot Width
44.95
Parcel Number
031441256
Occupant Type
Owner
Cross Street
Bayview Ave & 16th Ave
Approx. Age
0 - 5 Years
MLS® Number
N13729320
Listing Brokerage
RIGHT AT HOME REALTY
Basement Area
Finished, Full
Postal Code
L4C 4L9
Posession Details
TBA
Parking Places (Total)
5
Parking Spaces
3
Tax Amount
$13,148.00
Tax Year
2025
Site Influences
Landscaped, Patio, Wooded/Treed
Accessibility Features
Elevator
Exterior Features
Patio, Landscaped
Interior Features
Carpet Free, Central Vacuum, Auto Garage Door Remote, ERV/HRV, Water Softener
Property Features
Wooded/Treed
Central Vacuum
Yes
Family Room
Yes
Elevator
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Stone, Brick
Direction Faces
West
Fireplace
Yes
Fireplace Features
Family Room, Natural Gas
Foundation Details
Poured Concrete
Garage
Yes
Garage Type
Built-In
Covered Spaces
2
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Flat
Tax Legal Description
LOT 374, PLAN 65M4547 SUBJECT TO AN EASEMENT FOR ENTRY AS IN YR3496380 CITY OF RICHMOND HILL
View Type
Trees/Woods, Forest
Waterfront
No
Sewer
Sewer
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Family Room | 5.65 x 5.54 Meters | 2 Way Fireplace, Coffered Ceiling(s), Hardwood Floor |
| Main | Dining Room | 4.87 x 4.22 Meters | Hardwood Floor, Large Window, Pot Lights |
| Main | Kitchen | 6.56 x 4.36 Meters | Central Vacuum, Double Sink, W/O To Yard |
| Main | Library | 3.3 x 3.04 Meters | Hardwood Floor, Large Window, Sliding Doors |
| Second | Primary Bedroom | 5.49 x 4.58 Meters | 5 Pc Ensuite, Hardwood Floor, Overlooks Ravine |
| Second | Bedroom | 4.28 x 3.68 Meters | 2 Way Fireplace, Hardwood Floor, Overlooks Ravine |
| Second | Bedroom 2 | 5.54 x 3.72 Meters | 4 Pc Ensuite, Hardwood Floor, Walk-In Closet(s) |
| Second | Bedroom 3 | 5.2 x 3.05 Meters | B/I Closet, Hardwood Floor, Semi Ensuite |
| Second | Bedroom 4 | 4.05 x 3.65 Meters | B/I Closet, Hardwood Floor, Semi Ensuite |
| Third | Loft | 7.3 x 3.03 Meters | 4 Pc Bath, Hardwood Floor, W/O To Terrace |
| Basement | Recreation | 10.1 x 5.29 Meters | Heated Floor, Laminate, Wet Bar |
| Basement | Bedroom | 4.27 x 4.17 Meters | Above Grade Window, Heated Floor, Laminate |