23 Milky Way Dr
Observatory, Richmond Hill, L4C 4M9
FOR SALE
$2,888,000
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4 + 1
BEDROOMS7
BATHROOMS1 + 1
KITCHENS12 + 2
ROOMSN12000457
MLSIDContact Us
Property Description
Nestled in the prestigious David Dunlap Observatory neighbourhood, this modern, luxury home that widens to 65 ft wide, offers approx 4800 sqft of living space. With 4+1 bedrooms, 7 bathrooms, and an unbeatable ravine lot with unparalleled privacy and stunning forest views, often with deer sightings! This rare pie-shaped lot, which widens to 65 feet at the back, stands out compared to narrow middle lots. It provides ample space for outdoor activities. Inside, you'll find 10 ft ceilings on the first and second floors, 9 ft ceilings in the basement and third floor, and 8 ft doors throughout. Thoughtfully designed with pot lights, designer lighting, and sleek modern vents, this home exudes elegance. The upgraded chef's kitchen features two-tone cabinetry, quartz countertops, a matching backsplash, a gas stove, and a walk-out deck with city-approved plans for an extension. The living room boasts a custom TV wall with an electric fireplace, while the enclosed main-floor office offers a private workspace. Upstairs, all bedrooms include custom closets, with the primary suite featuring a statement feature wall, elegant lighting, and a lavish 6-piece ensuite. A second-floor laundry room adds convenience. The finished walk-out basement offers direct backyard access, a full kitchen, large windows, a bathroom, and space for an additional bedroom, ideal for multi-generational living or rental potential. A second laundry set completes this level. Zoned for top-ranked schools, including Bayview Secondary IB program and St. Theresas gifted program, this home combines luxury, space, and an unbeatable location. A rare find, dont miss this incredible opportunity!
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Property Details
Street
Community
City
Property Type
Detached, 2 1/2 Storey
Approximate Sq.Ft.
3500-5000
Lot Size
31' x 120'
Lot Irregularities
Pie-Shaped Lot
Fronting
East
Taxes
$12,030 (2024)
Basement
Fin W/O
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Built-In
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Dining | Main | 13.42' x 10.40' | Coffered Ceiling, Large Window, Hardwood Floor |
| Study | Main | 12.11' x 10.24' | Glass Doors, Large Window, Hardwood Floor |
| Living | Main | 13.42' x 17.59' | Electric Fireplace, Large Window, Coffered Ceiling |
| Breakfast | Main | 7.71' x 7.02' | Large Window, Tile Floor, Combined W/Kitchen |
| Kitchen | Main | 13.75' x 12.66' | Centre Island, B/I Appliances, Tile Floor |
| Mudroom | Main | 8.69' x 5.22' | Access To Garage, B/I Closet, Tile Floor |
| Prim Bdrm | 2nd | 15.88' x 15.45' | 6 Pc Ensuite, W/I Closet, Hardwood Floor |
| 2nd Br | 2nd | 10.53' x 11.78' | 5 Pc Bath, Closet, Hardwood Floor |
| 3rd Br | 2nd | 12.96' x 13.94' | 5 Pc Bath, Closet, Hardwood Floor |
| 4th Br | 2nd | 11.09' x 13.58' | 4 Pc Ensuite, W/I Closet, Hardwood Floor |
| Loft | 3rd | 18.96' x 12.07' | 4 Pc Bath, Wet Bar, Closet |
| Sitting | 3rd | 11.68' x 10.04' | W/O To Balcony, Pot Lights, Hardwood Floor |
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Richmond Hill Market Statistics
Richmond Hill Price Trend
23 Milky Way Dr is a 4-bedroom 7-bathroom home listed for sale at $2,888,000, which is $880,120 (43.8%) higher than the average sold price of $2,007,880 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Richmond Hill increased by $147,381 (7.9%) compared to the previous 30 day period (December 22 - January 20) and up $6,130 (0.3%) from the same time one year ago.Inventory Change
There were 145 4-bedroom homes listed in Richmond Hill over the last 30 days (January 21 - February 19), which is up 133.9% compared with the previous 30 day period (December 22 - January 20) and up 49.5% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Richmond Hill typically sold $6,282 (0.3%) above asking price over the last 30 days (January 21 - February 19), which represents a $52,580 increase compared to the previous 30 day period (December 22 - January 20) and ($42,642) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Richmond Hill over the last 30 days (January 21 - February 19) stood at 30.3%, down from 40.3% over the previous 30 days (December 22 - January 20) and down from 44.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 7-bathroom home in Richmond Hill stood at 30 days when successfully sold over the last 30 days (January 21 - February 19), compared to 73 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Excel Realty Ltd.
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