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Listed 2 months ago

164 Milky Way Drive

Observatory, Richmond Hill

$2,790,000

Detached|2 1/2 Storey
4 | 6 | 5
About this home

Welcome to 164 Milky Way Drive, an exceptional three-storey detached home offering 4,545 square feet of luxurious above-grade living space (as per MPAC), ideally situated in one of Richmond Hill's most sought-after communities.complete with a 3-car tandem garage. Set on a premium south facing lot with no sidewalk, this remarkable home blends architectural presence with impeccable craftsmanship and tons of custom upgrades. A grand double door entry introduces soaring 10 foot ceilings on the main level and 9 foot ceilings on the upper and lower levels. Rich hardwood flooring flows throughout, complemented by coffered and waffle ceilings, pot lights with dimmers. Designed for both grand entertaining and everyday living, the open concept layout features a formal dining area, a private main floor office, and an inviting family room with a statement waffle ceiling and gas fireplace. The chef inspired kitchen is a showcase of luxury with custom cabinetry, soft closing drawers, and an expansive center island, while a bright breakfast area walks out to the beautifully interlocked backyard. All four bedrooms are generously proportioned, each with its own private ensuite, every room comfortably accommodating a king size bed. The primary retreat offers a spa inspired five piece ensuite and walk in closet. The expansive third floor loft with balcony access provides exceptional flexibility ideal as a guest suite, nanny quarters, executive office, or additional entertainment space. The open basement offers further customization potential. Perfectly positioned minutes to GO Transit, Highways 404 and 407, David Dunlap Observatory Park, fine shopping, dining, and everyday conveniences.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$13,060
Lot Size44.95 ft x 98.43 ft
mls© NumberN13229302
Listed ByEXP REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$14,280
Property tax
$1,088
Heat allowance
$150
Housing costs
$15,519 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $558,000
25-yr amortization

Income needed

$478,000

gross annual household income

Payment at 4%
$11,741 / mo
Cash down
$558,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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