$639,000 - 5 CONCORDE Place Unit 2002, Parkwoods
Condo for Sale in Parkwoods
73 days on market- MLS Number
- C12957374
- Property Type
- Condo
- Status
- active
- Days on Site
- 73
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Don Mills / Parkwoods / Victoria Village
- Locker
- None
- Exposure
- South
- Balcony
- Enclosed
- Listing Brokerage
- HOMELIFE/DIAMONDS REALTY INC.
Experience elevated living in Unit 2002 at 5 Concorde Place, a high-floor residence offering beautiful skyline views and an abundance of natural light. This well-maintained suite features a thoughtfully designed layout with spacious principal rooms, a generous living and dining area ideal for entertaining, and expansive windows that showcase the cityscape. The separate, newly updated kitchen features modern cabinetry and ample counter space, combining functionality with refined style. A sun-filled den with stunning skyline views provides the perfect space for a home office, study area, or a peaceful retreat. The newly renovated bathroom adds a contemporary touch. The bedroom(s) offer a serene escape, while the solarium and den is ideal for unwinding and enjoying panoramic city views. Includes one parking space for added convenience. This elegant suite blends comfort and versatility-ideal for discerning end-users or investors. The building has recently refreshed its corridors with modern carpet and elegant wallpaper, creating a sleek, upscale feel and is just minutes to parks, Aga Khan Museum, easy access to Downtown Toronto, TTC and LRT stations, Shops at Don Mills, DVP, and Flemingdon Park Golf Course, etc. Residents enjoy first-class amenities including 24-hour concierge resort-style amenities which include a gym and pool, hot tub, dry and steam saunas, tennis and squash courts, video room, library, pool tables, table tennis, darts, guest suites, plenty of underground visitor parking, and scenic biking and walking trails. This bright, spacious, move-in-ready suite offers comfort, lifestyle, and unbeatable value. Come see it today before it's gone!
Estimate your monthly payments for this property
Estimated Payment
$3,278.40/mo
Includes CMHC insurance ($17,828)
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.
5 CONCORDE Place Unit 2002, 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 $639/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 73 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.
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.
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 $2,663 (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.