$4,080,000 - 16 Sagewood Drive, Parkwoods
Detached for Sale in Parkwoods
66 days on market- MLS Number
- C12985804
- Property Type
- Detached
- Status
- active
- Days on Site
- 66
- Bedrooms
- 5
- Bathrooms
- 6
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Don Mills / Parkwoods / Victoria Village
- Lot Size
- 10,527 sqft
- Listing Brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Nestled in the coveted Banbury community, this 5-bedroom, 6-bathroom home offers over 6,000 sq. ft. of beautifully updated living space on an 84 x 125 ft lot, complete with a 3-car garage. Thoughtfully renovated throughout, the home showcases exceptional craftsmanship, custom millwork, pot-lit moulded ceilings, and high-end finishes. A wrought-iron entry opens to a stunning two-storey foyer with floor-to-ceiling wainscoting and a private office. The main floor features spacious living and dining areas, along with an enlarged chef's kitchen with Bloomsbury cabinetry, a custom-paneled Sub-Zero fridge and freezer, a 6-burner Wolf stainless steel gas range, a Miele dishwasher, a centre island, and a generous breakfast area. The adjoining family room and mudroom/laundry with direct garage access complete the space. Custom built-ins by Bloomsbury Fine Cabinetry are found throughout, including in the office, family room, dining room, and laundry. The spacious breakfast area, adjacent to the kitchen and family room, walks out to the backyard and stone patio-perfect for everyday living and entertaining. Upstairs, the primary suite features a beautifully updated ensuite with an RH vanity and linen cabinet. Four additional bedrooms and two full bathrooms complete the upper level. The finished basement offers a large recreation room, wet bar, gas fireplace, and a flexible space that can be used as a games room or an additional bedroom with its own 3-piece ensuite. Ideally located with easy access to highways and TTC routes, and close to top-rated public and private schools, including Crescent School, TFS, Bayview Glen, Crestwood, La Citadelle, Denlow PS (7-minute walk), Winfield MS (15-minute walk), York Mills CI (6-minute walk), and Northern SS.Just steps to Banbury Community Centre, Banbury Tennis Club, Windfields Park, and nearby ravine trails. Minutes to the Shops at Don Mills and Edwards Gardens.
Estimate your monthly payments for this property
Estimated Payment
$18,047.22/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.
16 Sagewood 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
Premium Pricing
At $1166/sqft, this property is priced above the Parkwoods average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 66 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 3,500 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 6 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.