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Listed 22 days ago

27 Milky Way Drive

Observatory, Richmond Hill

$3,070,000

Detached|3-Storey
4 | 5 | 4
About this home

Welcome to one of the most extraordinary homes in prestigious Observatory Hill-a luxurious modern single-detached residence with 3700+ sf on an ultra-rare private pie-shaped ravine lot. Step directly from the walkout basement onto your tranquil backyard oasis overlooking the ravine, where deer wander by almost daily, creating a peaceful retreat unlike anywhere else.What truly sets this home apart is its one-of-a-kind layout. Enjoy a spacious 500+ sq. ft. third-floor loft and an exceptionally rare 360+ sq. ft. private open-air rooftop terrace. Thanks to the unique pie-shaped lot, the rooftop offers remarkable privacy-a feature you simply won't find in another Toronto home.Premium kitchen upgrades include 48-inch built-in Sub-Zero side-by-side refrigerator, upgraded Wolf gas cooktop, and built-in Samsung microwave and oven stack with one-touch steam cooking.Luxury continues with heated floors in both the walkout basement and primary ensuite. Relax in the upgraded freestanding soaker tub while enjoying your favorite music through the built-in Bluetooth speaker integrated into the bathroom fan, creating your own spa-like retreat. Both the main floor powder room and primary ensuite feature smart toilets with heated seats.Custom designer-built display and storage shelving with integrated luxurious LED mood lightingenhances both the first and second floors. An unobstructed skylight extending from the third floor fills the entire staircase with natural light, making every level feel bright, warm, and inviting.The spectacular third-floor loft is truly a home within a home. Complete with a full wet bar, custom cabinetry, and a full 4-piece bathroom, it's the perfect space for entertaining or spending an entire cozy weekend watching Netflix with your loved ones.Book your private showing today and experience this truly one-of-a-kind home for yourself.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style3-Storey
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$12,669
Lot Size27.07 ft x 140.82 ft
mls© NumberN13557586
Listed ByCENTURY 21 MYPRO REALTY

Listing History

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

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What the bank counts

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

Mortgage, tested at 6%
$15,714
Property tax
$1,056
Heat allowance
$150
Housing costs
$16,919 / mo

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

Down payment20% · $614,000
25-yr amortization

Income needed

$521,000

gross annual household income

Payment at 4%
$12,919 / mo
Cash down
$614,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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