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$2,199,000Asking Price

118 Milky Way Drive, Richmond Hill, ON L4C 4M8

Observatory, Richmond Hill

Detached
4
Bedrooms
5
Baths
6
Parking
Days on Market

Rare opportunity to own a nearly new, extensively upgraded luxury detached home with a WALK-OUT basement in the prestigious David Dunlap Observatory neighbourhood. Offering approximately 4,000 sq.ft. of total living space, including a professionally finished walk-out basement, this less-than-three-year-old residence features over $300,000 in builder and post-closing enhancements, delivering a true turnkey lifestyle rarely found among comparable homes.Thoughtfully designed with quality finishes and custom built-ins throughout, the home showcases hardwood flooring across the above-ground levels and extensive custom cabinetry, including a built-in media wall, designer beverage and wine display cabinetry, custom closet systems throughout (including the mudroom walk-in closet), integrated mudroom and laundry room storage, and a built-in wet bar, all complemented by premium soft-close cabinetry systems.The chef-inspired kitchen is ideal for everyday living and entertaining, featuring upgraded cabinetry, soft-close drawers and doors, a black stainless steel sink, Brizo faucet, and high-end built-in stainless steel appliances.The professionally finished basement (Fall 2025) offers large above-grade windows, abundant natural light, an open-concept layout with wet bar, full in-floor heating, and direct walk-out access to the backyard.Exterior improvements completed in Summer 2025 include professionally finished backyard and side stair interlocking. Zoned for top-ranked schools including Bayview Secondary School and conveniently located minutes to Hwy 404 & 407, Hillcrest Mall, restaurants, parks, and everyday amenities.A rare opportunity to own a meticulously upgraded home in one of Richmond Hill's most sought-after family communities.

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Rare opportunity to own a nearly new, extensively upgraded luxury detached home with a WALK-OUT basement in the prestigious David Dunlap Observatory neighbourhood. Offering approximately 4,000 sq.ft. of total living space, including a professionally finished walk-out basement, this less-than-three-year-old residence features over $300,000 in builder and post-closing enhancements, delivering a true turnkey lifestyle rarely found among comparable homes.Thoughtfully designed with quality finishes and custom built-ins throughout, the home showcases hardwood flooring across the above-ground levels and extensive custom cabinetry, including a built-in media wall, designer beverage and wine display cabinetry, custom closet systems throughout (including the mudroom walk-in closet), integrated mudroom and laundry room storage, and a built-in wet bar, all complemented by premium soft-close cabinetry systems.The chef-inspired kitchen is ideal for everyday living and entertaining, featuring upgraded cabinetry, soft-close drawers and doors, a black stainless steel sink, Brizo faucet, and high-end built-in stainless steel appliances.The professionally finished basement (Fall 2025) offers large above-grade windows, abundant natural light, an open-concept layout with wet bar, full in-floor heating, and direct walk-out access to the backyard.Exterior improvements completed in Summer 2025 include professionally finished backyard and side stair interlocking. Zoned for top-ranked schools including Bayview Secondary School and conveniently located minutes to Hwy 404 & 407, Hillcrest Mall, restaurants, parks, and everyday amenities.A rare opportunity to own a meticulously upgraded home in one of Richmond Hill's most sought-after family communities.

Key Info

  • 2-Storey Detached
  • 4-Car Driveway
  • 2-Car Built-In Garage
  • Bayview / 16th Ave
  • 2500-3000 Approximate Sq Feet
  • 1 Kitchen
  • Forced Air Gas Heating
  • Central Air

Property

  • Lot Size 36.12 x 98.52 Feet
  • Stone Exterior
  • Taxes were $10,127 in 2026
  • Possession: 60/90/TBD

Details

  • Fireplace
  • Family Room
  • Central Vacuum
  • Sewers
  • Municipal Water
  •  
  • MLS #N12809798
  • BAY STREET INTEGRITY REALTY INC.

Extras

Room Floor Dimensions Details
1 Breakfast Main 45.93' x 29.53' Tile Floor, Open Concept, Large Window
2 Kitchen Main 45.93' x 22.97' Built-in Appliances, Tile Floor, Open Concept
3 Library Main 32.81' x 32.15' Hardwood Floor, Large Window, Open Concept
4 Foyer Main Tile Floor, Large Closet, Closet Organizers
Washroom1 5-Piece Bathroom
Washroom2 4-Piece Bathrooms
Washroom1 2-Piece Bathroom on Main Floor
Washroom1 3-Piece Bathroom

Who lives here?

Observatory, Richmond Hill is a north GTA neighbourhood notable for its singles, renters, salespeople and tradespeople. It has a higher than average population of immigrants, particularly those from Iran, and Persian and Russian speakers. Residents tend to be older with a significant number of adults aged 25 to 39 and 25 to 39 and seniors aged 65 to 74.

Families

Kids Per Family

1.2

kids per family
in the neighbourhood.

Richmond Hill  (1.3)
Gta  ({{ '1.29999995231628' | number: 1 }})

Singles

45% of residents are
single and loving it.

45% singles

Richmond Hill (39%)
Gta ({{ '44.8800010681152' | number: 0 }}%)

Renters

33% of residents
are renters.

33% renters

Richmond Hill (19%)
Gta ({{ '33.0200004577637' | number: 0 }}%)

Education

49% of residents are
university grads.

49% university grads

Richmond Hill (54%)
Gta ({{ '43.6699981689453' | number: 0 }}%)

Income

Average Household Income

$100K

is the average household
income in the neighbourhood.

Richmond Hill  ($137K)
Gta  ({{ '135056.828125' | minifiedCurrency }})

Professions

Professions

Sales 15%
Business 11%
Sciences 8%
Management 6%
Government 6%

Immigrants

63% of residents were
born outside of Canada.

63% immigrants

Richmond Hill (59%)
Gta ({{ '45.4300003051758' | number: 0 }}%)

Birthplace - All

China was once home to 10.9% of immigrants.
Iran 10.4%
Hong Kong 5.8%
Philippines 2.8%
Russia 2.6%

10.9% from China
All-time

Birthplace - Recent

Iran was once home to 2.8% of immigrants.
China 1.9%
Philippines 1.2%
Afghanistan 0.8%
Egypt 0.8%

2.8% from Iran
Recent

Foreign Languages

Foreign Languages

Persian 12%
Cantonese 10%
Russian 9%
Mandarin 8%
Arabic 3%

Religions

Religions

Christian 51%
Muslim 12%
Jewish 4%
Buddhist 2%
Sikh 2%