$640,000 - 245 The Don Way Unit 112, Parkwoods
Condo for Sale in Parkwoods
60 days on market- MLS Number
- C13012088
- Property Type
- Condo
- Status
- active
- Days on Site
- 60
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Don Mills / Parkwoods / Victoria Village
- Locker
- None
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- HOMELIFE/FUTURE REALTY INC.
Beautiful And Spacious Two-Bedroom, Two-Bathroom Suite Located In The Desirable Village Mews. Nestled In The Heart Of Don Mills And Lawrence, This Sun-Filled Unit Features Wall-To-Wall Windows In The Living/Dining Room And The 2 Bedrooms, Offering An Abundance Of Natural Light Throughout.Enjoy A Bright And Welcoming Living And Dining Area, Ideal For Entertaining. The Large Kitchen Provides Ample Space For Cooking And Storage, While The Generous Primary Bedroom Boasts An Oversized Walk-In Closet And A Private Ensuite Bathroom. A Spacious Second Bedroom With Closet And Convenient In-Suite Laundry Complete The Layout.Maintenance Fees Include Rogers High-Speed Internet, TV Cable With VIP Channels, And Water. The Village Mews Offers Beautifully Landscaped Gardens That Are Meticulously Maintained, As Well As A Garden Pavilion Party Room And Outdoor Patio For Residents To Enjoy.Ideally Situated Within Walking Distance To The Shops At Don Mills, Top-Rated Schools, Restaurants, Library, Parks, And Scenic Trails. Easy Access To The DVP, Highway 401, And TTC.
Estimate your monthly payments for this property
Estimated Payment
$3,283.53/mo
Includes CMHC insurance ($17,856)
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.
245 The Don Way Unit 112, 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
Competitive Pricing
At $533/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 60 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.
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 $2,667 (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.