uxury 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!
4 bedrooms, 5 bathrooms, about 3,500 sq ft, works out to roughly $683 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.Ask Zara a follow-up
Inside 181 Milky Way Dr
Every detail from the listing, in one place.
Type
Detached
Style
3-Storey
Living space
3500-5000 sq ftas stated on the listing
Parking
4 spacesYes garage
Basement
Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
4
Interior
Basement
Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
3-Storey
Property class
Detached
181 Milky Way Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N13884300$2,388,888
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$11,736
/mo
based on the purchase price of $2,388,888
$477,778 cash
$1,911,110 financed
$1,609,656 total interest
Principal54%$1,911,110
Interest46%$1,609,656
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
Own a home on Milky Way Drive? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 181 Milky Way Dr with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 181 Milky Way Dr day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Richmond Hill
Other 4-bed homes for sale in Richmond Hill around $2.4M.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio98.8%On average, homes sold below asking.
Active listings1,169Homes for sale here right now.
Median vs prior 90 days+3.8%Compared with Apr 13 – Jul 12, 2026: prices up.
Based on 827 sales from Jul 12 – Oct 10, 2026 (564 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
181 Milky Way Dr is listed at $2,388,888 (MLS® N13884300). Summitly updates the price as soon as the MLS® record changes.
Is $2,388,888 a good price for 181 Milky Way Dr?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% above Zara's estimate, an estimate built from recent sales in Richmond Hill. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 181 Milky Way Dr changed?
No — 181 Milky Way Dr is still listed at its original asking price of $2,388,888.
How many bedrooms and bathrooms does 181 Milky Way Dr have?
181 Milky Way Dr has 4 bedrooms and 5 bathrooms, with about 3,500–5,000 square feet of living space. It is a detached home in Richmond Hill.
Is 181 Milky Way Dr close to transit?
The nearest rapid-transit station is Richmond Hill GO Station (Richmond Hill GO), about 1.3 km (about a 17-minute walk) in a straight line. Langstaff GO Station is about 3.1 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 181 Milky Way Dr?
About $11,736 a month — principal and interest on $2,388,888 with 20% down ($477,778), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
Are there open houses at 181 Milky Way Dr?
Yes — Sunday, October 11, 2:00 PM – 4:00 PM. Open-house times come from the listing brokerage and can change, so check this page before you go, or book a private viewing.
How does 181 Milky Way Dr compare with other homes in Richmond Hill?
Its asking price of $2,388,888 is about 110% above the median sold price in Richmond Hill over the last 90 days, $1,135,000, across 827 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 181 Milky Way Dr been sold before?
Yes — Summitly has 1 earlier MLS® listing of 181 Milky Way Dr on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 181 Milky Way Dr?
181 Milky Way Dr is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 181 Milky Way Dr been on the market?
181 Milky Way Dr was listed today (October 10, 2026).
What is the price per square foot of 181 Milky Way Dr?
About $478 to $683 per square foot: the asking price of $2,388,888 over the 3,500–5,000 sq ft the listing gives as its size range.
