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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage — RECO Registration #6018570.

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 78 daysPrice drop · $100,000 off (-2.8%)

    121 Milky Way Drive

    ·Richmond Hill, ON··

    • 4 beds
    Richmond Hill real estate›N8335016
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Step into the excitement of a 2022 Aspen Ridge creation! This home is not just a house; it's a lifestyle wrapped in luxury. Imagine waking up to the tranquil sight of a ravine right outside your window, or hosting epic dinner parties in the sprawling dining area. With 6,000 square feet of pure joy and $200k spent on upgrades, there's space for every dream and desire.Elevate your living experience with the convenience of an elevator and the grandeur of 10-foot ceilings on the main floor, adorned with elegant coffered ceilings. But the real magic happens in the heart of the home: the kitchen. It's a chef's paradise, featuring top-notch appliances including a Sub-Zero ridge and a Wolf gas stove. And let's not forget the jaw-dropping 17-foot waterfall centre island and a handy servery for seamless entertaining.With 4 bedrooms and 3 bathrooms, there's room for the whole crew to spread out comfortably. The primary bedroom is a haven unto itself, boasting a cozy seating area or secondary office space, a walk-in closet that dreams are made of, and a spa-like 5-piece ensuite with heated floors. Entertainment options abound, from third-level loft with its own wet bar to the rooftop patio, built-in speakers. And when it's time to unwind, the finished basement beckons with its own den and wet bar, perfect for movie nights or late-night chats.Nestled on Observatory Hill and neighboring the David Dunlap Observatory, this gem is just a stone's throw away from Bayview Secondary School, Yonge Street, Hillcrest Mall, Mackenzie Health Hospital, Richmond Hill GO-Station, and Hwy 404. This isn't just a home; it's a ticket to the good life. Tarion Warranty.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jul 27, 2026Price reducedCurrentReduced$3,499,000−$100,000 (2.8%)N8335016This page
    May 22, 2026Previously listedNew$2,518,000 —N13160592View
    May 11, 2026Previously listedTer$2,858,888 —N13113664View
    Mar 7, 2026Previously listedExp$2,850,000 —N12858652View
    Feb 13, 2026Previously listedTer$3,200,000 —N12786944View
    Nov 26, 2025Previously listedTer$3,150,000 —N12579110View
    Sep 17, 2025Previously listedTer$3,150,000 —N12409217View
    Jul 2, 2025Previously listedTer$3,300,000 —N12257978View
    May 13, 2024ListedCurrentFor sale$3,599,000 —N8335016This page
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      4
      Heating
      Forced Air
      Air conditioning
      Central Air
      Water source
      Municipal
      Sewer
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 121 Milky Way Drive
    What's nearby

    Points of interest classified by the MLS® feed.

    • Hospital
    • Park
    • Public Transit
    • Rec./Commun.Centre
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $17,190
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $1,028
    0.35% mill rate · ON
    The market

    How this home sits in the Richmond Hill market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Richmond Hill market right now

    Average sold price, days on market, and closed-transaction count for Richmond Hill — sourced from MLS®.

    • Avg sold price
      $1,211,399
      Last 30 days
    • Median sold price
      $1,133,900
      Middle of the market
    • Days on market
      31 d
      Avg from list to close
    • Closed last 30d
      604
      MLS® transactions
    Full Richmond Hill market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 121 Milky Way Drive — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 121 Milky Way Drive and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 121 Milky Way Drive listed for?

      121 Milky Way Drive is listed at $3,499,000 on the MLS® (listing N8335016). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 121 Milky Way Drive have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

  1. 6 baths
  2. 3500-5000 sqft
  3. Detached
  4. Built 0-5
  5. Asking
    $3,499,000
    $0 / sqft · MLS® N8335016
    Chat Zara
  6. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $1,429,451
    $1,315,095Confidence range$1,543,807
    Asking vs estimate
    ↑↑well-above
    +$2,069,549
    (+144.8%)
    Asking is well above
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 4 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Richmond Hill sell in about 31 days — this one has been listed 78 days.

    Avg sold price
    $1,211,399
    Median sold
    $1,133,900
    Avg days on market
    31
    Recently sold
    604
    See comparable sales
    Walk through online
    Listing agent has provided a interactive tour
    Open virtual tour
    AI highlights by Zara
    • Step into the excitement of a 2022 Aspen Ridge creation!
    • But the real magic happens in the heart of the home: the kitchen.
    • The primary bedroom is a haven unto itself, boasting a cozy seating area or secondary office space, a walk-in closet that dreams are made of, and a spa-like 5-piece ensuite with heated floors.
    • Entertainment options abound, from third-level loft with its own wet bar to the rooftop patio, built-in speakers.
    Ask Zara a follow-up
    Sewer
  7. Parking & garage

    4
    Garage
    Built-In
    Garage spaces
    2
    Parking spaces
    4
    Driveway
    Private
  8. Interior

    6
    Basement
    Finished, Full
    Family room
    N
    Kitchens
    1
    Total rooms
    10
    Laundry level
    Upper Level
    Elevator
    Y
  9. Exterior & construction

    4
    Exterior
    Brick
    Roof
    Asphalt Shingle
    Foundation
    Concrete
    Pool
    None
  10. Lot & land

    2
    Year built
    0-5
    Zoning
    Over 6,000Sqft Living Space
  11. Listing & possession

    3
    Occupancy
    Flexible/TBA
    Property style
    2 1/2 Storey
    Property class
    Detached
  12. Room-by-room · 12 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Main level

    3 rooms
    • Kitchen
      centre island · w/o to yard · hardwood floor
      21.8 × 15.7 ft
    • Dining Room
      formal rm · large window · hardwood floor
      16.1 × 14.0 ft
    • Living Room
      coffered ceiling(s) · 2 way fireplace · hardwood floor
      19.0 × 18.7 ft

    Second level

    6 rooms
    • Bedroom 4
      double closet · semi ensuite · hardwood floor
      13.4 × 12.0 ft
    • Bedroom 2
      walk-in closet(s) · 4 pc ensuite · hardwood floor
      18.2 × 12.3 ft
    • Primary Bedroom
      overlooks ravine · walk-in closet(s) · hardwood floor
      18.1 × 15.1 ft
    • Bedroom 3
      double closet · semi ensuite · hardwood floor
      19.5 × 10.1 ft
    • Office
      overlooks frontyard · separate room · hardwood floor
      10.9 × 10.1 ft
    • Den
      overlooks ravine · 2 way fireplace · hardwood floor
      14.0 × 12.1 ft

    Third level

    1 room
    • Loft
      w/o to terrace · 4 pc bath · wet bar
      24.0 × 21.9 ft

    Basement level

    2 rooms
    • Recreation
      open concept · above grade window · wet bar
      33.3 × 17.5 ft
    • Den
      separate room · above grade window
      14.1 × 13.7 ft
  13. School
  14. Place Of Worship
  15. Combined estimate
    $18,218
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $17,190
    /mo
    based on the purchase price of $3,499,000
    $699,800 cash
    $2,799,200 financed
    $2,357,661 total interest
    Monthly payment$17,190/ month
    Principal54%$2,799,200
    Interest46%$2,357,661

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    or send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable detacheds that just sold in Richmond Hill

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 74 Eleanor Circle
      Sold
      Sign in for price
      74 Eleanor Circle
      Detached
    • 9 Tarmack Drive
      Sold
      Sign in for price
      9 Tarmack Drive
      Detached
    • 258 Valleymede Drive
      Sold
      Sign in for price
      258 Valleymede Drive
      Detached
    • 34 Inverhuron Street
      Sold
      Sign in for price
      34 Inverhuron Street
      Detached
    • 16 Grovewood Street
      Sold
      Sign in for price
      16 Grovewood Street
      Detached
    • 3 Lorwood Court
      Sold
      Sign in for price
      3 Lorwood Court
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    121 Milky Way DriveThis home4 / 635,005,000$3,499,000ask———
    74 Eleanor Circle3 / 31,500—
    9 Tarmack Drive4 / 43,000—
    Sold prices are hidden under TRREB rules. to reveal them.

    More detacheds in Richmond Hill

    Active listings within ±20% of this asking price.

    • 16 Boyle Drive
      $3,888,000
      16 Boyle Drive
      Detached 4 4
    • 374 Elmwood Avenue
      $2,999,999
      374 Elmwood Avenue
      Detached 5 7
    • 225 16th Avenue
      $4,088,000
      225 16th Avenue
      Detached 3
    • 16 Frybrook Crescent
      $3,280,000
      16 Frybrook Crescent
      Detached 5 6
    • 34 May Avenue
      $3,750,000
      34 May Avenue
      Detached 4 5
    • 88 Moray Avenue
      $3,099,000
      88 Moray Avenue
      Detached 4 6
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  16. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  17. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  18. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  19. Public listing courtesy of KAMALI GROUP REALTY · displayed on Summitly per MLS® data-share rules

    121 Milky Way Drive is a 4-bedroom, 6-bath, 3500-5000 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  20. When was 121 Milky Way Drive built?

    121 Milky Way Drive was built in 0-5. Construction style, foundation, roof material, and EnerGuide rating (when published) are in the 'Features' section above.

  21. What is the property tax for 121 Milky Way Drive?

    The 'Property tax' tab in the History section shows the most recent annual tax for 121 Milky Way Drive plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  22. How much would the monthly mortgage be on 121 Milky Way Drive?

    The affordability calculator on this page shows an estimated monthly mortgage for $3,499,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  23. Has 121 Milky Way Drive been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 121 Milky Way Drive with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  24. What neighbourhood is 121 Milky Way Drive in?

    121 Milky Way Drive is in Observatory, Richmond Hill. The 'Neighbourhood' section below links to the live Richmond Hill real estate hub with average sold price, days on market, and current inventory.

  25. Is Richmond Hill a good place to live?

    Richmond Hill is one of ON's actively-tracked Summitly markets. The full Richmond Hill real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  26. 258 Valleymede Drive
    4 / 4
    3,500
    —
    34 Inverhuron Street4 / 32,000—
    16 Grovewood Street4 / 43,000—
    3 Lorwood Court4 / 42,000—