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$2M · 4+1 bed Detached · Observatory, Richmond Hill | MyPropertyScout

$1,998,800

193 Milky Way

4+15OwnerOccupied

Map

$1,998,800

F●●○○○DOM14days

193 Milky Way

Richmond Hill · Ontario L4C 5H3

MLS® N13429852 · Observatory · L4C 5H3

4+15OwnerOccupied2500-3000 ft²Detached2-car Built-In14d$727/ft²Lot 36.1 x 98.4 ft$10,127 tax/yr

25% above market · regional est. · 14 days on market

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

Welcome to this exceptional 2023-built luxury residence offering nearly 4500 sq.ft. of refined living space in the highly sought-after Bayview Secondary School IB school district. This beautifully upgraded 4-bedroom, 5-bathroom home showcases premium finishes and meticulous craftsmanship throughout. Featuring hardwood flooring across all levels, pot lights throughout, custom wall paneling on the main floor, and an elegant wrought iron staircase, this home exudes sophistication. The designer kitc…

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Property details

MLS#: N13429852
Status: Buy Now
Beds: 4+1
Baths: 5 full, 0 half
Size: 2500-3000
Style: 2-Storey
Type: Detached
Year built: —

Roof: Asphalt Rolled
Foundation: Other

Fireplaces: 1

Garage: 2-car Built-In
Garage spaces: 2
Parking: 4 total
Lot: 36.09 × 98.43
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Pool: No
Waterfront: No
Exterior: Brick Front, Stone
Fronting on: South
Cross street: Bayview/16Th
Basement: Walk-Up, Finished
Stories: —
Utilities: —
Laundry: —
Interior: Carpet Free
Parking features: Lane

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room dimensions are not available for this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: MASTER`S TRUST REALTY INC.

Source: TRREB/PROPTX · MLS® N13429852

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$2M

193 Milky Way · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,998,800✓ $10,127 tax✓ Gas✓ 2500-3000 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$14,136/mo

incl. closing costs (yr 1)

Annual total

$169,629

year 1

Mortgage only

$7,583/mo

principal + interest

Beyond mortgage

$3,057/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$399,760

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$844/mo

Utilities

Hydro / electricity$193/mo

≈ $0.07/ft² × ~2,750 ft² · ON avg ~$193/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$19,988/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$36,451

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)54% $90,994/yr

Property taxes27% $46,578/yr

Utilities3% $5,370/yr

Insurance & security1% $1,600/yr

Maintenance12% $19,988/yr

Closing costs3% $5,100/yr

Mortgage is 54% of your true cost of ownership. The other 46% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$90,994	$7,583/mo
Government & taxes
Property tax	$10,127	$844/mo
Land transfer tax(closing)	$36,451	$3,038/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$2,310	$193/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$19,988	$1,666/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$169,629	$14,136/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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193 Milky Way

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Sales History

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Annual costs