164 Milky Way Drive, Richmond Hill

$2,700,000
164 Milky Way Drive

$2,700,000

New
16d
Detached2 1/2 Storey

164 Milky Way Drive, Richmond Hill

Total Monthly Obligation $12,354

Beds
5
Baths
6
Park
2
Sqft
3500-5000
DOM
16d
Score
14
Yield
2.7%
Cash on Cash
-11.4%
Cap Rate
2.1%
5Y IRR
6.6%
10Y IRR
7.7%
Property Type-Detached
MLS® Number-N13874004
Beds-5
Bathrooms-6
Size-3500-5000 sqft
Lot Size-44.95 × 98.52 ft
Listed on site-Oct 7, 2026
Style-2 1/2 Storey
Building Type-Detached
Age-6-15
Taxes-$13,060 (2025)
Parking-5 - Built-In
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX REALTRON REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-South
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-owner
Neighbourhood-Observatory
Title-Residential Freehold

No agent assigned

Luxury three-storey detached home in Richmond Hill's sought-after Observatory Hill! Offering over 6,000 sq. ft., including the unfinished basement, this south-facing property features a rare three-car garage, two driveway spaces and no sidewalk. Four spacious bedrooms each offer a private ensuite. Highlights include 10-ft main-floor ceilings, hardwood throughout, a main-floor office, second-floor laundry and a family room with waffle ceiling and gas fireplace. The upgraded kitchen features premium Wolf, Sub-Zero and Asko appliances, a generous breakfast area and backyard walkout. A versatile third-floor loft and expansive unfinished basement offer endless possibilities. Interlocked driveway and backyard. Close to parks, schools, GO Transit, Highways 404/407, shopping and dining.

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$2,160,000
Land Transfer Taxes$53,975
Legal Fees (Est.)
$
Total cash required for closing$595,475

Total Monthly Obligation

$12,354/mo
Mortgage $10,891
Monthly Loss $9,488
Principal$2,866
Interest$8,025
Property Tax$1,088
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.1%0
5-Year IRR
4.5%10
10-Year IRR
6.3%
Returns Index
6.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$74,076/yr
NOI
$49,108/yr
Net Cash Flow
-$6,799/mo
Cash Margin
-110.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
0.8 mo15
Risk Index
11.9/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 164 Milky Way Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.