$505,000 - 10 Deerlick Court Unit 1201, Parkwoods
Condo for Sale in Parkwoods
73 days on market- MLS Number
- C12962508
- Property Type
- Condo
- Status
- active
- Days on Site
- 73
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Don Mills / Parkwoods / Victoria Village
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTY ENTERPRISES INC.
Welcome to Suite 1201 at The Ravine - where thoughtful design meets an address that genuinely delivers. This bright and well-appointed 1 bedroom + den, 2 bathroom suite offers 639 square feet of smartly configured living space, with floor-to-ceiling windows that draw in natural light and frame elevated views of the surrounding neighbourhood. The open-concept layout flows effortlessly from a modern kitchen - complete with stainless steel appliances, quartz countertops, and generous cabinetry - into a comfortable living and dining area that feels larger than its footprint suggests. The primary bedroom features a private ensuite, while the second full bathroom adds a layer of flexibility rarely found in a suite of this size. The den offers genuine utility: a dedicated home office, a quiet reading room, or a space for an overnight guest. In-suite laundry, 9-foot ceilings, wide-plank laminate flooring, and quality window coverings complete the interior. One underground parking space and one locker are included in the lease. Beyond your door, the building delivers: a fully equipped fitness centre, yoga area, party room with full kitchen, dog spa, kids' playroom, bike storage, and a stunning 13th-floor outdoor terrace with BBQs, firepit, sundeck, and outdoor TV. A 24-hour concierge rounds out the offering. Steps to TTC. Minutes to the DVP, Hwy 401, Shops at Don Mills, Fairview Mall, Brookbanks Park, and the Deerlick Ravine trails. One parking. One locker. Two bathrooms. Everything a well-lived life requires. SOME PHOTOS VIRTUALLY-STAGED AS INDICATED.
Estimate your monthly payments for this property
Estimated Payment
$2,590.91/mo
Includes CMHC insurance ($14,090)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Don Mills / Parkwoods / Victoria Village
Don Mills / Parkwoods / Victoria Village is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Don Mills / Parkwoods / Victoria Village
- •Convenient location in Don Mills / Parkwoods / Victoria Village
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Don Mills / Parkwoods / Victoria Village offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
10 Deerlick Court Unit 1201, Don Mills / Parkwoods / Victoria Village
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $842/sqft, this property is priced in line with current Parkwoods market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 73 days on site, this property has exceeded the typical selling timeline for Parkwoods. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Parkwoods properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,104 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.