$5,500,000 - 118 Laurentide Drive, Parkwoods
Detached for Sale in Parkwoods
113 days on market- MLS Number
- C12819320
- Property Type
- Detached
- Status
- active
- Days on Site
- 113
- Bedrooms
- 5
- Bathrooms
- 7
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Don Mills / Parkwoods / Victoria Village
- Listing Brokerage
- RE/MAX REALTRON BARRY COHEN HOMES INC.
3 Years New! Modern Sculptured Custom Built Residence On Large Tree Line Lot With Expansive Views In The Highly Exclusive Parkwoods-Donalda Neighbourhood. A Prestigious Estate Designed To Evoke Elegance And Grandeur, The Opulent Exterior Includes Indiana Limestone, Lower Level Grade-Level Walkout, Elevated Entrance Featuring Stone Terrace Spanning The Full Width Of The Estate With Multiple Main Floor Walkouts, And Snow Melting 8-Car Private Drive With Covered Entrances To The 3-Car Heated Garage With Epoxy Floors And EV Charging Rough-In. The Grand Foyer Opens To A Soaring Atrium Featuring 5'x10' Slab Italian Porcelain Tile Floors, Custom French Panelling And Stunning Romeo And Juliet Sweeping Staircases Leading To The 2nd Floor. The Residence's Interior Showcases A Highly Curated Blend Of High-End Materials Including Oak Hardwood Flooring, Caesarstone Countertops and Backsplashes, Custom Lighting, Vaulted and Box Ceilings, and Custom Plaster Mouldings Throughout. A Stunning Primary Suite with 13-Piece Ensuite And City Skyline Views, 3 Additional Bedrooms With Ensuites Plus 2nd Floor Laundry With Kitchenette. Chef's Kitchen Complete With Premium Dacor Appliances And Servery With Walk-In Pantry. Main Floor Also Includes Multiple Walkouts To The Rear Garden That Awaits Your Custom Landscaping Designs With Pre-Approved Permit For 850SF Cabana. Lower Level Features Full-Size Kitchen, Separate Entrance From The Private Drive Plus Garage Access, Exercise Room, Rec Room With Fireplace, Bedroom With 4-Piece Ensuite, Separate Laundry, Plus Ample Space For The Custom Wine Cellar Of Your Dreams. Architect Supports Multi-Generation Lifestyle. Conveniently located near Donalda Golf Club, Granite Club, Top-Rated Private and Public Schools, DVP and 401 Making Commuting A Breeze.
Estimate your monthly payments for this property
Estimated Payment
$24,328.36/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.
118 Laurentide Drive, 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.
Negotiation Opportunity
At 113 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.
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 7 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.