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    Luxury Homes For Sale in 23 Milky Way Drive

    Explore luxury homes for sale in 23 Milky Way Drive! Browse 1 luxury homes starting from $3,438,800 to $3,438,800. Find the perfect luxury home today — filter by price, beds, baths, and more to match your needs!

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    Luxury Homes For Sale in 23 Milky Way Drive

    Explore luxury homes for sale in 23 Milky Way Drive! Browse 1 luxury homes starting from $3,438,800 to $3,438,800. Find the perfect luxury home today — filter by price, beds, baths, and more to match your needs!

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    Detached House for sale at 23 Milky Way Drive, Richmond Hill, Observatory, L4C 4M9 - MLS: N12000457
    • For Sale

    23 Milky Way Drive

    Richmond Hill, Observatory, L4C 4M9

    • 4+1 Bedrooms
    • 7 Bath
    • 3500-5000 sq ft
    • 2 Garage

    $3,438,800
    Recently Sold in 23 Milky Way Drive
    Townhouse Condo Detached Semi-Detached Luxury Homes Luxury Condos

    Overview of Observatory, Richmond Hill Real Estate Market & MLS® Listings

    Here is a quick overview of Observatory, Richmond Hill Real Estate Market & MLS Listings by Home Type in the last 12 months.

    Detached Houses Real Estate Market Snapshot for Observatory, Richmond Hill

    The average price of a detached houses in Observatory, Richmond Hill was $2,330,188 for the month of March, 2025

    Price Changes

    • Compared to last month: Price has decreased by 1% for detached houses in Observatory, Richmond Hill.
    • Over the last 3 months: Price has increased by 22% for detached houses in Observatory, Richmond Hill.
    • Over the last 12 months ending in March, 2025: Price has decreased by 9% for detached houses in Observatory, Richmond Hill.

    Market Activity for Detached Houses in Observatory, Richmond Hill

    • Selling time: On average, it takes 47 days to sell a detached houses in Observatory, Richmond Hill, while same time last year it took 19 days to sell a detached houses.
    • Active Listings: Currently, there are 16 detached houses available for sale in Observatory, Richmond Hill.
    • Recent Sales:
      • In the month of March, 2025, 2 detached houses were sold in Observatory, Richmond Hill, compared to 3 detached houses sold in the same month last year. This represents a 33% decreased in sales.
    View Sold Detached Houses in Observatory, Richmond Hill

    List Price vs. Sold Price in Observatory, Richmond Hill

    • Detached Houses are currently selling for 137% of their asking price in Observatory, Richmond Hill. For example, if a house is listed at $1 million, it will likely sell for around $1.37 million.
      • 10 9 8 7 6 5 4 3 2 1 0 8.0 Months of inventory SELLER'S Market BALANCED Market BUYER'S Market

    1-Bedroom Condo Real Estate Market Snapshot for Observatory, Richmond Hill

    The average price of a 1-bedroom condo in Observatory, Richmond Hill was $615,000 for the month of March, 2025

    Price Changes

    • Compared to last month: There were not enough sales data to calculate the price change for 1-bedroom condo in Observatory, Richmond Hill.
    • Over the last 3 months: Price has increased by 9% for 1-bedroom condo in Observatory, Richmond Hill.
    • Over the last 12 months ending in March, 2025: Price has decreased by 5% for 1-bedroom condo in Observatory, Richmond Hill.

    Market Activity for 1-Bedroom Condo in Observatory, Richmond Hill

    • Selling time: On average, it takes 3 days to sell a 1-bedroom condo in Observatory, Richmond Hill, while same time last year it took 14 days to sell a 1-bedroom condo.
    • Active Listings: Currently, there are 5 1-bedroom condo available for sale in Observatory, Richmond Hill.
    • Recent Sales:
      • In the month of March, 2025, 1 1-bedroom condo were sold in Observatory, Richmond Hill, compared to 2 1-bedroom condo sold in the same month last year. This represents a 50% decreased in sales.
    View Sold 1-Bedroom Condo in Observatory, Richmond Hill

    List Price vs. Sold Price in Observatory, Richmond Hill

    • 1-Bedroom Condo are currently selling for 99% of their asking price in Observatory, Richmond Hill. For example, if a house is listed at $1 million, it will likely sell for around $0.99 million.
      • 10 9 8 7 6 5 4 3 2 1 0 5.0 Months of inventory SELLER'S Market BALANCED Market BUYER'S Market

    2-Bedroom Condo Real Estate Market Snapshot for Observatory, Richmond Hill

    The average price of a 2-bedroom condo in Observatory, Richmond Hill was $735,000 for the month of March, 2025

    Price Changes

    • Compared to last month: There were not enough sales data to calculate the price change for 2-bedroom condo in Observatory, Richmond Hill.
    • Over the last 3 months: Price has increased by 14% for 2-bedroom condo in Observatory, Richmond Hill.
    • Over the last 12 months ending in March, 2025: Price has increased by 1% for 2-bedroom condo in Observatory, Richmond Hill.

    Market Activity for 2-Bedroom Condo in Observatory, Richmond Hill

    • Selling time: On average, it takes 20 days to sell a 2-bedroom condo in Observatory, Richmond Hill, while same time last year it took 67 days to sell a 2-bedroom condo.
    • Active Listings: Currently, there are 12 2-bedroom condo available for sale in Observatory, Richmond Hill.
    • Recent Sales:
      • There were not enough sales data to calculate the number of sales for 2-bedroom condo in Observatory, Richmond Hill.
    View Sold 2-Bedroom Condo in Observatory, Richmond Hill

    List Price vs. Sold Price in Observatory, Richmond Hill

    • There were not enough sales data to calculate the list-to-sold price ratio for 2-bedroom condo in Observatory, Richmond Hill.
      • 10 9 8 7 6 5 4 3 2 1 0 10+ Months of inventory SELLER'S Market BALANCED Market BUYER'S Market

    FAQs about City/Community Real Estate

    How do I find the Value of my House in Observatory, Richmond Hill?

    It's simple! Give us a call at 647-276-5100, and we'll come to you for a free, in-person home valuation. One of our experienced real estate agents will visit your property and provide you with the most accurate, up-to-date market value based on local trends and insights. Prefer a digital option? You can also use our Home Value Estimator by clicking here, and we'll send you regular updates on your home's market value every month!

    How much will you charge to sell my house or condo?

    Our commission packages are designed to offer exceptional value while remaining competitive and flexible. We understand that every client and property is unique, so our commission structure is negotiable and tailored to meet your specific needs. Our listing fee can range from 1% to 2.5%. Our priority is to deliver outstanding service, marketing, and results to help you achieve your real estate goals. Feel free to give us a call and ask about our current promotions at 647-576-2100.

    What Type of Marketing Do You Use to Sell Homes?

    I utilize a comprehensive marketing strategy to ensure your home gets maximum exposure and attracts the right buyers. My approach includes:

    • Professional Photography & Videography: High-quality visuals to showcase your home. Check out some of our listing videos on YouTube as they have over 20k view on them, where we target buyers looking to purchase in your area.
    • Staging Consultations &/or Staging: Tips to present your home at its best.
    • Targeted Online Advertising: Campaigns on social media and property listing websites to reach potential buyers.
    • Email Marketing: Reaching out to a network of qualified buyers and agents.
    • Traditional Marketing: Flyers, brochures, and open houses to connect with local buyers.

    Learn more about how I can market your property effectively here: Full Marketing Plan to sell your Home/Condo

    How much do you charge to help me buy a house?

    As a buyer, you typically don’t pay any commission for our services. In most cases, the seller covers the real estate commission for both their agent and the buyer’s agent. This means you get full professional support — at no cost to you — while we help you find the perfect home, negotiate the best deal, and guide you through the entire process. Call 647-576-2100 to find out our latest promotions for buyers.

    What is the first step in buying a home in Observatory, Richmond Hill?

    The first step in your home-buying journey is to get pre-approved for a mortgage. This not only helps you determine your budget but also gives you a clear idea of what you can afford before you start house hunting. Need guidance? Check out this article where we walk you through each step of the process! Click Here

    What is the average detached house price in Observatory, Richmond Hill?

    Average detached house price in Observatory, Richmond Hill is $2,297,352. Click here to check out detached homes for sale in Observatory, Richmond Hill.

    What is the average townhouse price in Observatory, Richmond Hill?

    Average freehold townhouse price in Observatory, Richmond Hill is $1,562,000 whereas the average condo townhouse sells for $836,047 with a monthly maintenance fee of $388 . Click here to check out detached homes for sale in Observatory, Richmond Hill.

    What is the average semi-detached house price in Observatory, Richmond Hill?

    Average semi-detached house price in Observatory, Richmond Hill is $1,880,000. Click here to check out detached homes for sale in Observatory, Richmond Hill.

    What is the average price of a 2 bedroom Condo in Observatory, Richmond Hill?

    Average price of a 2 Bedroom Condo in Observatory, Richmond Hill is $730,524.

    What is the average price of a 1 bedroom Condo in Observatory, Richmond Hill?

    Average price of a 1 Bedroom Condo in Observatory, Richmond Hill is $575,850.

    What is the maintenance fee of a 2 bedroom condo in Observatory, Richmond Hill?

    Average maintenance fee of a 2 bedroom condo in Observatory, Richmond Hill is $964 for last 12 months.

    What is the maintenance fee of a 1 bedroom condo in Observatory, Richmond Hill?

    Average maintenance fee of a 1 bedroom condo in Observatory, Richmond Hill is $582 for last 12 months.

    What are the average property taxes for homes and condos in Observatory, Richmond Hill?

    The average property taxes vary based on the type of home in Observatory, Richmond Hill for the last 12 months:

    • Detached House: $8,180
    • Semi-Detached House: $7,821
    • Townhouse: $6,474
    • 1 Bedroom Condo Apartment: $2,350
    • 2 Bedroom Condo Apartment: $2,811

    These figures provide an estimate of what homeowners can expect to pay annually in property taxes on an average house or condo in Observatory, Richmond Hill. Property taxes will vary depending on the property value, property type, location, size, zoning and many other factors.

    How much land transfer tax do I have to pay to buy a house in Observatory, Richmond Hill?

    The average price of a house in Observatory, Richmond Hill is $2,297,352, which means you can expect to pay approximately $43,908.8 in land transfer tax at closing. However, if you're a first-time homebuyer, you may qualify for a rebate of up to $4,000, making homeownership more affordable.

    Land transfer tax in Ontario is $4,475 for properties priced at $400,000. For amounts exceeding $400,000, the tax is 2% up to $2 million, and 2.5% for amounts over $2 million. If you’re buying a home in Toronto times that figure by 2 because Toronto is the only municipality charging Land Transfer Tax.

    Nearby Neighborhoods

    Bayview Hill Beaver Creek Business Park Crosby Doncrest Harding Langstaff Mill Pond North Richvale Rural Richmond Hill South Richvale Westbrook Headford Business Park Rouge Woods

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