Tej Thakor Broker of Record / Owner 647-684-1731
For Sale
MLS®# N13160592

121 Milky Way Drive, Richmond Hill, ON L4C 4L9

Richmond Hill, ON L4C 4L9

$2,518,000 Est. $10,695/mo · 20% down, 25-yr, 4.09%
5 + 3Beds
6Baths
45 × 98 ftLot
4Parking
DetachedType

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 Summary

Property TypeDetached
Square Footage3500 - 5000 sq ft
Community NameObservatory
Land Size44.95 x 98.43 ft
Annual Property Taxes$13,148.00
Tax Year2025
Parking TypeBuilt-In Garage, Private

Building details

Bedrooms5 + 3 (total 8)
Bathrooms / washrooms6 — 4-pc Third, 5-pc Second, 4-pc Second, 2-pc Main, 3-pc Basement
Kitchens1
Rooms10 + 2
Family room1
Property typeDetached
Architectural style2 1/2 Storey

Room dimensions

# Room Level Dimensions Features
1 Family Room Main 5.65 × 5.54 ft Hardwood Floor, Coffered Ceiling(s), 2 Way Fireplace
2 Dining Room Main 4.87 × 4.22 ft Hardwood Floor, Pot Lights, Large Window
3 Kitchen Main 6.56 × 4.36 ft Double Sink, Centre Island, W/O To Yard
4 Library Main 3.3 × 3.04 ft Hardwood Floor, Sliding Doors, Large Window
5 Primary Bedroom Second 5.49 × 4.58 ft Hardwood Floor, 5 Pc Ensuite, Overlooks Ravine
6 Bedroom Second 4.28 × 3.68 ft Hardwood Floor, 2 Way Fireplace, Overlooks Ravine
7 Bedroom 2 Second 5.54 × 3.72 ft Hardwood Floor, 4 Pc Ensuite, Walk-In Closet(s)
8 Bedroom 3 Second 5.2 × 3.05 ft Hardwood Floor, Semi Ensuite, B/I Closet
9 Bedroom 4 Second 4.05 × 3.65 ft Hardwood Floor, Semi Ensuite, B/I Closet
10 Loft Third 7.3 × 3.03 ft Hardwood Floor, 4 Pc Bath, W/O To Terrace
11 Recreation Basement 10.1 × 5.29 ft Laminate, Heated Floor, Wet Bar
12 Bedroom Basement 4.27 × 4.17 ft Laminate, Heated Floor, Above Grade Window

Lot & land

Lot dimensions45 × 98 ft
Lot frontage45 ft
Lot depth98 ft

Interior Features

Basement FeaturesFinished, Full
Basement TypeFinished
Interior FeaturesCarpet Free, Central Vacuum, Auto Garage Door Remote, ERV/HRV, Water Softener
InclusionsOversized appliances: Wolf Gas Stove, Sub Zero Fridge, Asko Dishwasher, Pot Filler. Furnaces, Central A/C, Central Vacuum, Water Softener, Heat Recovery Ventilator (HRV), LG Washer & Dryer (2nd Floor). All Elfs and All Window Coverings. Two Garage Door Openers and Two remotes.

Building Features

FeaturesFenced Yard, Park, Ravine, School, Rec./Commun.Centre
Foundation TypePoured Concrete
Style2 1/2 Storey
RoofFlat
ConstructionBrick, Stone
AccessibilityElevator

Building Amenities

Fireplace(s)1
Fireplace featuresFamily Room, Natural Gas
PoolNone
ViewTrees/Woods

Rental Equipment

Rental equipmentHot Water Tank

Heating & Cooling

CoolingCentral Air
Heating TypeForced Air
Heating SourceGas
Fireplace2

Utilities

Utility SewerSewer

Parking

Parking TypeBuilt-In Garage, Private
Total Parking Spaces4

Exterior Features

Exterior FinishPatio

Taxes & fees

Annual taxes$13,148 (2025)

Listing history

On market sinceMay 22, 2026

Location

Richmond Hill, ON L4C 4L9
Listed by CENTURY 21 LANDUNION REALTY INC., Brokerage · Listing data sourced from TRREB®, refreshed nightly.
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The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.
Call Tej Now 647-684-1731
121 Milky Way Drive, Richmond Hill, ON L4C 4L9