$5,499,000 - 10 Penwood Crescent, Parkwoods
Detached for Sale in Parkwoods
44 days on market- MLS Number
- C13048670
- Property Type
- Detached
- Status
- active
- Days on Site
- 44
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Don Mills / Parkwoods / Victoria Village
- Listing Brokerage
- RE/MAX REALTRON BARRY COHEN HOMES INC.
An iconic showcase of refined design, upgraded and perfectly positioned in the prestigious Windfields neighbourhood, this exceptional residence offers unparalleled privacy and a seamless connection to the natural beauty of Windfields Park. Bold Brutalist architecture creates a dramatic, light-filled interior with floor-to-ceiling picture windows on every level, adorned with custom Belgian linen window coverings. An expansive second-floor sundeck provides sweeping park views and is accessible from all four bedrooms, while the lower level opens effortlessly to lush rear gardens. The main floor is designed for elegant entertaining, featuring formal living and dining areas, a sunken family room, a chef's kitchen with servery, and walk-outs to a flagstone patio and shimmering concrete pool. A sculptural open-riser staircase enhances the flow of natural light throughout the home. The lower level offers a luxurious retreat with a fifth bedroom, wet bar, recreation room with wood-burning fireplace, sauna, and floor-to-ceiling garden views with walk-up access to the patio. A three-car garage and circular driveway accommodating 8+ vehicles provide ultimate convenience, while proximity to top schools, 401/404/DVP, and the exclusive Granite Club ensure unparalleled lifestyle ease. A rare urban sanctuary, this home combines dramatic design, refined luxury, and a serene parkside setting for a truly extraordinary living experience.
Estimate your monthly payments for this property
Estimated Payment
$24,323.93/mo
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 Penwood Crescent, 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 $1100/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.
Market Position
At 44 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Parkwoods are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Parkwoods.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.