$2,858,888
FOR SALE

Detached 2 1/2 Storey

Bedrooms: 6Bathrooms: 6Lot: 44.95 x 98.43 ft
2025 Taxes: $13,148

121 Milky Way Dr
Richmond Hill, ON L4C 4L9 | Observatory | York

Experience refined luxury in this remarkable ravine-backed 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 chef-inspired kitchen is built for entertaining, showcasing 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 4+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.
Extras
Carpet Free, Central Vacuum, Auto Garage Door Remote, ERV/HRV, Water Softener
Share
Listed By CENTURY 21 LANDUNION REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number N13113664
Last Updated May 11, 2026
Property Summary
Property Type Detached

More like this:
PIN 031441256
Legal Description LOT 374, PLAN 65M4547 SUBJECT TO AN EASEMENT FOR ENTRY AS IN YR3496380 CITY OF RICHMOND HILL
Possession Date TBA
Taxes (2025) $13,148
Directions/Cross Streets Bayview Ave & 16th Ave
Neighbourhood Observatory
Area York
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On West
Special Designations Unknown
Bedrooms 6
Bathrooms 6
Lot 44.95 x 98.43 ft
Exterior Brick
Elevator Y
Air Conditioning Central Air
Family Room Y
Fireplace/Stove Y
Basement Finished, Full
Garage Type Built-In
Garage/Park Spaces Y
Parking Spaces 2
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)