164 Milky Way Dr, Richmond Hill - Triple Garages Detached Home

164 Milky Way Dr

LocationObservatory, Richmond Hill, L4C 4Y3
$2.7M For Sale
Property Images
Property Images
Property Images

Description

Luxury three-storey detached home in Richmond Hill's sought-after Observatory Hill! Offering over 6,000 sq. ft., including the unfinished basement, this south-facing property features a rare three-car garage, two driveway spaces and no sidewalk. Four spacious bedrooms each offer a private ensuite. Highlights include 10-ft main-floor ceilings, hardwood throughout, a main-floor office, second-floor laundry and a family room with waffle ceiling and gas fireplace. The upgraded kitchen features premium Wolf, Sub-Zero and Asko appliances, a generous breakfast area and backyard walkout. A versatile third-floor loft and expansive unfinished basement offer endless possibilities. Interlocked driveway and backyard. Close to parks, schools, GO Transit, Highways 404/407, shopping and dining.

Features

  • House Facing
    Facing: South
  • Bedrooms
    Bedrooms: 4
  • Bathrooms
    Bathrooms: 6
  • Garages
    Garages: 3
  • Kitchens
    Kitchens: 1

Details

  • Front Lot
    Lot size: 44.95 x 98.52 Feet
  • Lot Depth
    Space: 3500-5000
  • Tax Amount
    Tax: $ 13060.00
  • MLS
    N13874004
  • Listing contracted with: RE/MAX REALTRON REALTY INC.
Room Size(M) Description
Family Rm5.90x4.06

Hardwood Floor, Fireplace

Dining Rm4.94x4.80

Hardwood Floor

Office3.34x2.70

Hardwood Floor

Kitchen7.15x4.53

Porcelain Floor

Primary B5.47x5.32

Hardwood Floor

2nd Br4.85x4.15

Hardwood Floor

3rd Br4.99x4.16

Hardwood Floor

4th Br4.25x3.83

Hardwood Floor

Loft4.72x4.12

Common Rm7.61x3.75

Hardwood Floor



Bathroom Pieces Level
1xBath3 pcs

Third

1xBath5 pcs

Second

3xBaths3 pcs

Second

1xBath2 pcs

Main



Property Summary

Located close to the intersection of Bayview & 16th, 164 Milky Way Dr is a 4+1 bedrooms 6 washrooms Detached. The unit has a 3 Built-In Parking Spaces. The property basement is Partially Fi . The property has many nice features including Central Vacuum, Built-In Oven and Bar Fridge. Family Room Rm, Dinning Room Rm, Office and Kitchen are on the Main floor.

Home Market Analysis

For Sale

For Lease

Comparable home values have decreased 12.5% compared with the same period last year.

Rent levels have decreased 24.5% compared with the same period last year.

Need a More Precise Value?
Contact Alan Zheng for a detailed analysis using recent nearby sales and property-specific features.
Contact Alan
Recent 6-Month Rent Range
$2,500 – $4,850/month

How This Home Compares

Market Temperature
Balanced Market
Strong SellerSellerBalancedBuyerStrong Buyer
Supply and recent sales are relatively balanced for similar homes.
Typical Selling Time
22 Days
Similar homes are selling in about 22 days, faster than the same period last year.
Price Position
Need a More Precise Value?
Contact Alan Zheng for a detailed analysis using recent nearby sales and property-specific features.
Contact Alan

Local Area Profile

This property is located in a predominantly owner-occupied residential area with housing made up primarily of detached homes. Approximately 61% of residents hold a bachelor's degree or higher, while about 16% have a college credential. Driving is the primary commuting method for nearly all local commuters.





School Information



Commute Information

GTA Go Train Richmond Hill Go Train Station (1.4km) - Free Parking available, parking lots: 2004

Location





Community Overview

164 Milky Way Dr is at the Heart of Observatory Community. Observatory community runs from Bayview Avenue on the East to 16th Ave on the south, Yonge St on the West, and Weldrick Road on the north. The railway divides the Community into East and West. Commercial businesses, condo buildings, and townhouses occupy around half of the land on the west side of the Community. On the east side of the railway are mainly residential real estate detached houses surrounding historic David Dunlap Observatory Park. There is also a small number of coop housing managed by Landsberg/Lewis Housing Co-Operative Inc. In past 3 months, 4 Detached homes were sold at average of $1.91M. Persian is the second largest visible minority in Observatory Richmond Hill. In 164 Milky Way Dr neighbourhood, you will find many residents are Chinese, Hong Konger, Asian, Canadian, and Italian. Cars are typically used as transportation for most residents. It is famous for astronomic discovery but is also in progress to add several new amenities for natural lovers. Moreover, South Hill Shopping Centre and several commercial plazas are on the east side of Yonge St. The Observatory is a community mixed with entry-level condo apartments to multi-million luxurious new homes. Close to a beautiful historical park, within an excellent school zone, and proximate to a large shopping center, make the Community one of the most desired places to live in Richmond Hill.


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