$1,895,000 - 56 Grangemill Crescent, Parkwoods
Detached for Sale in Parkwoods
New — Listed 6 days ago- MLS Number
- C13141696
- Property Type
- Detached
- Status
- active
- Days on Site
- 6
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Don Mills / Parkwoods / Victoria Village
- Listing Brokerage
- SAGE REAL ESTATE LIMITED
Tucked into the prestigious Banbury community of Don Mills and set on a quiet cul-de-sac, this classic vintage sidesplit is being offered for the first time since 1963, a rare opportunity to secure a property that has been held and cared for over generations. Set on a generous lot, it's an ideal canvas for renovators, builders, or end-users looking to design a home tailored to their lifestyle. Lovingly maintained in original condition, this 3-bedroom, 1-bath residence is ready for its next chapter. A vaulted ceiling in the combined living and dining room adds a sense of openness and architectural charm, an inspiring feature to enhance through renovation or reimagine in a custom design. Whether you're planning a full-scale update or starting fresh, the spacious lot offers endless potential for expansion, landscaping, or a completely new build. The property features a 51ft frontage by 118.78ft, that widens to an impressive 103.3ft at the rear, encompassing approximately 8,256 sq ft. An exceptional pie-shaped lot offering added privacy and flexibility for future plans.Families will appreciate access to top-rated schools including Rippleton Public School, Windfields Middle School, St. Andrew's Middle School, and York Mills Collegiate Institute. Enjoy the best of outdoor living with nearby Rippleton Park, the Wilket Creek trail system, and the Banbury Tennis Club, while Edwards Gardens and the Shops at Don Mills offer exceptional lifestyle amenities just minutes away. Commuters will love the quick connections to the 401 and Don Valley Parkway. A truly special offering in one of Don Mills' most sought-after enclaves, bring your vision (and maybe your contractor) and make it your own. Property is being sold "as is where is". **NOTE: Some photos have been digitally enhanced**
Estimate your monthly payments for this property
Estimated Payment
$8,382.22/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.
56 Grangemill Crescent, 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 $1723/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.
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.
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 $7,896 (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.