164 Milky Way Drive
Observatory, Richmond Hill
$2,700,000
Luxury three-storey detached home in Richmond Hill's sought-after Observatory Hill! Offering over 6,000 sq. ft., including the unfinished basement, this south-facing property features a rare three-car garage, two driveway spaces and no sidewalk. Four spacious bedrooms each offer a private ensuite. Highlights include 10-ft main-floor ceilings, hardwood throughout, a main-floor office, second-floor laundry and a family room with waffle ceiling and gas fireplace. The upgraded kitchen features premium Wolf, Sub-Zero and Asko appliances, a generous breakfast area and backyard walkout. A versatile third-floor loft and expansive unfinished basement offer endless possibilities. Interlocked driveway and backyard. Close to parks, schools, GO Transit, Highways 404/407, shopping and dining.
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| Type | Detached |
| Style | 2 1/2 Storey |
| Approx. Age | 6-15 |
| Size | 3500-5000 sq. ft. |
| Property Tax | $13,060 |
| Lot Size | 44.95 ft x 98.52 ft |
| mls© Number | N13874004 |
| Listed By | RE/MAX REALTRON REALTY INC. |
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%
- $13,820
- Property tax
- $1,088
- Heat allowance
- $150
- Housing costs
- $15,058 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$463,000
gross annual household income
- Payment at 4%
- $11,362 / mo
- Cash down
- $540,000
Assumes no other monthly debts · 25-yr amortization
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