Rare opportunity to own a nearly new, extensively upgraded luxury detached home with a WALK-OUT basement in the prestigious David Dunlap Observatory neighbourhood. Offering approximately 4,000 sq.ft. of total living space, including a professionally finished walk-out basement, this less-than-three-year-old residence features over $300,000 in builder and post-closing enhancements, delivering a true turnkey lifestyle rarely found among comparable homes.Thoughtfully designed with quality finishes and custom built-ins throughout, the home showcases hardwood flooring across the above-ground levels and extensive custom cabinetry, including a built-in media wall, designer beverage and wine display cabinetry, custom closet systems throughout , integrated mudroom and laundry room storage, and a built-in wet bar, all complemented by premium soft-close cabinetry systems.The chef-inspired kitchen is ideal for everyday living and entertaining, featuring upgraded cabinetry, soft-close drawers & doors and high-end built-in stainless steel appliances.The professionally finished basement (Fall 2025) offers large above-grade windows, abundant natural light, an open-concept layout with wet bar, and direct walk-out access to the backyard. The basement is further enhanced with in-floor heating, providing added comfort throughout the space.Exterior improvements completed in Summer 2025 include professionally finished backyard and side stair interlocking. Zoned for top-ranked schools including Bayview Secondary School and conveniently located minutes to Hwy 404 & 407, Hillcrest Mall, restaurants, parks, and everyday amenities.A rare opportunity to own a meticulously upgraded home in one of Richmond Hill's most sought-after family communities.
Address
118 Milky Way Drive
List Price
$2,199,000
MLS® Status
New
Expiration Date
2026-08-18
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Richmond Hill
Sub-Area
Observatory
Region
York
Bedrooms
4
Bedrooms (Total)
4
Rooms Above Grade
13
Bathrooms
5
Floor Area
3000-3500 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
98.52
Lot Size Units
Feet
Lot Width
36.12
Parcel Number
031441232
Occupant Type
Owner
Cross Street
Bayview / 16th Ave
MLS® Number
N12809798
Listing Brokerage
BAY STREET INTEGRITY REALTY INC.
| RE/MAX REALTRON REALTY INC.
Basement Area
Finished with Walk-Out, Walk-Out
Postal Code
L4C 4M8
Posession Details
60/90/TBD
Parking Places (Total)
6
Parking Spaces
4
Tax Amount
$10,127.00
Tax Year
2026
Interior Features
Auto Garage Door Remote, Built-In Oven, Carpet Free, Central Vacuum, Countertop Range, ERV/HRV, Ventilation System, Water Purifier, Water Softener
Central Vacuum
Yes
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Stone
Direction Faces
East
Fireplace
Yes
Foundation Details
Concrete
Garage
Yes
Garage Type
Built-In
Covered Spaces
2
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LOT 350, PLAN 65M4547 SUBJECT TO AN EASEMENT FOR ENTRY AS IN YR3570720
Waterfront
No
Sewer
Sewer
Open Houses
- March 01, 2:00 PM - 4:30 PM
- March 01, 2:00 PM - 4:30 PM