8 Milky Way Dr
Observatory, Richmond Hill, L4C 4V8
FOR SALE
$2,768,000
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4
BEDROOMS7
BATHROOMS1
KITCHENS10 + 1
ROOMSN8308908
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Property Description
A Must See, Rarely Opportunity In The Exclusive Observatory Hill! Front 41.47 Feet & Depth 108.07 Feet Premium Lot! Built By Award Winning Conservatory Group! A Extra Huge Loft With A Large Terrance Bring Your Outdoor Oasis Life Style: 3,890 Sf + 910 Sf Builder Finished Bsmt, Total 4,800 Sf Luxury Living Area. Gorgeous Entry With 8' Double Door, Separate Living & Dining, Upgrade Cabinetry, Gourmet Kitchen With Huge Granite Centre Island & Breakfast Counter, B/I S/S Appliances, Upgrd Hardwood & Tiles, Oak Stairs, Pot Lights, Coffered Ceilings, Primary Ensuite With Freestanding Bathtub, Hardwood On Main & 2nd Floor, 3 Ensuites, Total 7 Bathrooms! Impressive 3rd Storey Loft With 4pc Bath & Rough In Water Bar. Highly Ranking School District includes Bayview SS. Mins to 404, 407, Shopping, Restaurants & Public Transit.
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Extras
Gas Line Installed Already And Ready To Plug In For Gas Stove!
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Detached, 3-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
41' x 108'
Fronting
West
Taxes
$11,264 (2023)
Basement
Part Fin
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
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Richmond Hill Market Statistics
Richmond Hill Price Trend
8 Milky Way Dr is a 4-bedroom 7-bathroom home listed for sale at $2,768,000, which is $856,705 (44.8%) higher than the average sold price of $1,911,295 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 4 bedroom home in Richmond Hill declined by $41,168 (2.1%) compared to the previous 30 day period (March 15 - April 13) and down $34,948 (1.8%) from the same time one year ago.Inventory Change
There were 205 4-bedroom homes listed in Richmond Hill over the last 30 days (April 14 - May 13), which is up 70.8% compared with the previous 30 day period (March 15 - April 13) and up 55.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Richmond Hill typically sold $8,247 (0.4%) above asking price over the last 30 days (April 14 - May 13), which represents a $95,057 decrease compared to the previous 30 day period (March 15 - April 13) and $118,245 less 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 (April 14 - May 13) stood at 29.8%, down from 60.8% over the previous 30 days (March 15 - April 13) and down from 68.2% 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 22 days when successfully sold over the last 30 days (April 14 - May 13), compared to 36 days before being removed from the market upon being suspended or terminated.Listing contracted with Jdl Realty Inc.
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