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For Lease
Just Listed

195 Milky way Drive

Observatory, Richmond Hill, ON
$2,100
2Bd
1Ba
3,250+sqft
1Parking
$1/sqft
DetachedMLS# N13022988Listed 2026-04-210 DOM
Cooling
Central Air
Basement
Finished

Just listed! New listings in Richmond Hill often receive offers within the first week.

About this home

Modern Basement Suite with Private Backyard | Prime Richmond Hill Location...............Welcome to this beautifully finished modern basement apartment located in one of Richmond Hill's most desirable communities. This is not your typical basement-offering a clean, contemporary design, high-end finishes, and the rare bonus of your own private backyard space. Step into a thoughtfully designed open-concept kitchen, complete with full-size stainless steel appliances, quartz countertops, custom cabinetry, and a full-height backsplash. The space flows seamlessly into a bright and inviting living area with pot lights throughout, creating a warm and comfortable environment. The bedroom is spacious and well-appointed, perfect for a single professional or couple, while the fully upgraded bathroom features a sleek glass walk-in shower and modern finishes. ..............Unbeatable Location - Conveniently situated in a quiet, family-friendly neighborhood, this home offers easy access to everything you need: Minutes to Hillcrest Mall for shopping, dining, and everyday essentials Close to major grocery stores including T&T, H Mart, Loblaws, Wal-mart and Metro Easy access to Highway 404, Highway 7, and Yonge Street Nearby Langstaff/RIchmond Hill GO Station for convenient commuting to downtown Toronto Access to York Region Transit & Viva routes Surrounded by parks, trails, and a safe residential community

Basement Apt

Features

  • Other
  • Finished
  • Walk-Up
  • Central Air
  • 2-Storey

Financials

Estimated Rental Income

Entire property$2,600 – $3,800/mo
Rental yield1485.7% – 2171.4%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Richmond Hill

Days on market0 days
Buyer's MarketSeller's Market

Based on active listings in Richmond Hill. Data updates daily.

Demographics — Richmond Hill

Population
202,022
Avg Household Income
$115,000
Age Distribution
0-19
20%
20-34
17%
35-49
22%
50-64
22%
65+
19%
Ownership
81% own · 19% rent
EnglishMandarinCantoneseFarsiRussian

Our estimate for this home

Priced 99.9% below estimate
Estimated range
$3.00M$3.49M
Mid-point $3.25M · ~$999/sqft
How this listing compares
$3.00MList · $2K$3.49M
High confidence·Based on 57 richmond hill comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$2,100
195 Milky way Drive, Richmond Hill
ShowingCall