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Rare opportunity to own a nearly new, extensively upgraded luxury detached home in the prestigious David Dunlap Observatory neighbourhood. With a gorgeous ravine at your back door, a rooftop terrace above the treeline, and an elevator that carries you between all four levels in the prestigious David Dunlap Observatory neighbourhood. Built in 2022 by Aspen Ridge, offering over 6,800 sq ft of total living space and approximately $300,000 in premium upgrades. This is one of only a handful of homes in Observatory Hill with all three signature features: a true ravine lot, a private four-stop elevator, and a third-floor loft that walks out to its own rooftop terrace over the trees. Inside, 4,303 sq ft above grade plus a fully finished basement. Ten-foot ceilings, coffered detailing, and engineered oak hardwood run through the main and upper floors. The chef inspired kitchen is built for people who actually cook and entertain, with a Wolf gas range, Sub-Zero fridge, and a 17-foot waterfall island with a servery behind it for prep and overflow. Five bedrooms upstairs, one bedroom in the basement, six bathrooms in total. Room for a large family, a live-in parent, or guests who stay a while without anyone feeling on top of each other. The primary suite looks straight out over the ravine, with heated ensuite floors and a freestanding soaking tub. The basement adds a second wet bar, a large rec room, a separate den, and radiant floor heating. Conveniently minutes to Yonge St, Hillcrest Mall, Mackenzie Health, Richmond Hill GO, Highway 404, Highway 407, and top-ranked schools including Bayview Secondary School.
With a 20% down payment of $535,778, your estimated payment is:
Listing history of 121 Milky Way Drive over time.
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This pie chart visualizes the average market value for different property categories (e.g., Detached, Condo, Townhouse) in this area. Each slice represents a property type, and the size of the slice corresponds to its average sold price relative to the others. Use this to quickly identify which property types command premium prices versus more affordable options. If the chart is dominated by one large slice, it indicates a significant price gap between that luxury property type and the rest of the market.
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Comparison of listing prices over time. Each bar represents the average list price for that month. Use this chart to understand how the market's average asking price has trended recently. Each bar represents a price range, and the height indicates how many active listings fall within that range. Use this to see if this property's asking price is competitive, above, or below the market average. A higher concentration of bars around the current property's price suggests it's priced in line with comparable listings.
This chart reveals market trends by combining two key metrics: The red line shows the median sold price per month, indicating whether property values are rising or falling over time. The green bars represent the average number of days properties stayed on the market before selling. Shorter bars indicate a hot market where properties sell quickly, while taller bars suggest a slower market. Together, these help you understand market momentum and pricing power.
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