181 Milky Way Dr, Richmond Hill - Double Garages Detached Home

181 Milky Way Dr

LocationObservatory, Richmond Hill, L4C 5H3
$2.389M For Sale
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Description

Luxury Living In Richmond Hill's Prestigious Observatory Hill Community! This Stunning Aspen Ridge Araya Model Offers Over 4,300 Sq Ft Above Grade Plus A Professionally Finished Basement. Featuring 4+1 Bedrooms, 6 Bathrooms And A Spacious Third-Floor Loft With Wet Bar, Full Bath And Walk-Out To A Private 280+ Sq Ft Balcony. The Gourmet Kitchen Showcases Custom Cabinetry, Quartz Waterfall Island, Brushed Gold Accents And Premium Sub-Zero, Wolf, Miele And Cove Appliances. Elegant Living Spaces Feature 10 Ft Main Floor Ceilings, 9 Ft Second Floor Ceilings, 10 Ft Ceilings In Three Bedrooms, 7-Inch Hardwood Flooring, Glass Staircase Railings, Designer Ceiling Details, 57 Pot Lights And Two Double-Sided Gas Fireplaces. The Luxurious Primary Suite Offers A Custom Walk-In Closet, Fireplace And Spa-Inspired 5-Piece Ensuite. The Finished Basement Features Heated Floors, Home Theatre, Recreation Area, Lounge And Bar. Additional Highlights Include Premium Window Coverings And Two HVAC Systems With Built-In Humidifiers. Approximately $350K In Builder Upgrades Plus Extensive Owner Improvements. Conveniently Located Near Bayview Secondary School, Parks, Shopping, Restaurants, GO Transit And Highways 404/407. An Exceptional Home Offering Luxury, Space And Comfort In A Prime Location!

Features

  • House Facing
    Facing: North
  • Bedrooms
    Bedrooms: 4
  • Bathrooms
    Bathrooms: 6
  • Garages
    Garages: 2
  • Kitchens
    Kitchens: 1

Details

  • Front Lot
    Lot size: 44.95 x 98.43 Feet
  • Lot Depth
    Space: 3500-5000
  • Tax Amount
    Tax: $ 13043.38
  • MLS
    N13884300
  • Listing contracted with: RE/MAX EXCEL REALTY LTD.
Room Size(M) Description
Dining Rm4.90x4.45

Hardwood Floor, Pot Lights

Office3.35x3.00

Hardwood Floor, Sliding Doors, Large Window

Kitchen4.60x6.65

B/I Appliances, Centre Island, Pantry

Breakfast4.60x6.65

Combined w/Kitchen, B/I Bar, W/O To Garden

Family Rm5.67x5.67

Gas Fireplace, Hardwood Floor, Pot Lights

Primary B4.60x5.50

Walk-In Closet(s), Gas Fireplace, 5 Pc Ensuite

2nd Br3.66x3.96

Hardwood Floor, Semi Ensuite, Large Closet

3rd Br3.05x5.18

Hardwood Floor, Semi Ensuite, Large Closet

4th Br3.78x5.55

Walk-In Closet(s), 4 Pc Ensuite, Hardwood Floor

Loft6.46x3.90

Hardwood Floor, 4 Pc Bath, Wet Bar

Recreatio3.05x3.47

Hardwood Floor, W/O To Terrace

Recreatio5.41x5.55

Laminate, Pot Lights



Bathroom Pieces Level
1xBath2 pcs

Main

1xBath5 pcs

Second

2xBaths4 pcs

Second

1xBath3 pcs

Second

1xBath3 pcs

Basement



Property Summary

Located close to the intersection of Bayview Ave & 16th Ave, 181 Milky Way Dr is a 4+1 bedrooms 6 washrooms Detached. The unit has a Double Attached Parking Spaces. The property has many nice features including In-Law Suite, ERV/HRV and Carpet Free. Dinning Room Rm, Office, Kitchen, Breakfast Room and Family Room Rm are on the Main floor.

Home Market Analysis

For Sale

For Lease

Comparable home values have increased 14.2% 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
$1,850 – $5,150/month

How This Home Compares

Market Temperature
Buyer's Market
Strong SellerSellerBalancedBuyerStrong Buyer
Higher inventory gives buyers more choice and negotiating leverage.
Typical Selling Time
21 Days
Similar homes are selling in about 21 days, broadly in line with 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 (1.3km) - Free Parking available, parking lots: 2004

Location





Community Overview

181 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. Real estate in this part of Richmond Hill was primarily built between 1980 and 2000, with the latest Observatory Hill neighborhood added on the east side of Observatory Park. In past 3 months, 5 Detached homes were sold at average of $1.83M. Persian is the second largest visible minority in Observatory Richmond Hill. In 181 Milky Way Dr neighbourhood, you will find many residents are Chinese, Hong Konger, Asian, Canadian, and Italian. Bayview Avenue and Yonge Street also directly link to express tollway 407, permitting a speedy trip to both East and West. Residents can rent the arena for hockey, figure skating, skating party packages, tournaments, and practices. This includes No Frills, T&T Supermarket, banks, and many restaurants. 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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