$1,379,000 - 21 Rialto Drive, Parkwoods
Detached for Sale in Parkwoods
New — Listed 2 days ago- MLS Number
- C13238896
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Don Mills / Parkwoods / Victoria Village
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Full of warmth, charm, and timeless character, this unique detached home offers the perfect blend of comfort and personality on an oversized lot with an extended driveway providing ample parking. Inside, rich Jatoba hardwood floors, elegant crown mouldings, and multiple skylights create a bright and inviting atmosphere filled with natural light. The thoughtfully designed layout features 3 bedrooms and 3 bathrooms, including a spa-inspired bath with heated floors and a relaxing soaker tub.The sunroom is a true highlight, a cozy retreat to enjoy morning coffee, unwind with a book, or entertain year-round while overlooking the expansive property. Thermo windows throughout provide energy efficiency and comfort, while the owned hot water tank adds extra value and peace of mind. Outside, the large lot offers endless possibilities for gardening, entertaining, or future expansion, complete with a garden/storage shed for added convenience. Located in the Parkwoods-O'Connor Hills area which offers a quieter, greener alternative to many Toronto neighbourhoods, making it especially appealing to families and professionals seeking space, convenience, and long-term value. Residents benefit from quick access to both the Don Valley Parkway and Highway 401, making commuting across the GTA relatively convenient. The area is also close to major shopping and lifestyle amenities, including the Shops at Don Mills, Fairview Mall, Costco and several community centres, parks, and schools. This is not your typical cookie-cutter home in a underwhelming area . This is a property with soul, character, and space to truly make your own.
Estimate your monthly payments for this property
Estimated Payment
$6,099.78/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.
21 Rialto 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 $919/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Parkwoods's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 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.
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 $5,746 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.