$1,099,888 - 8 Underhill Drive, Parkwoods
Detached for Sale in Parkwoods
32 days on market- MLS Number
- C13133294
- Property Type
- Detached
- Status
- active
- Days on Site
- 32
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Don Mills / Parkwoods / Victoria Village
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
***8 Underhill Is A Warm, Well-Loved Home Filled With History And Possibility*** Built In 1961 And Cherished By The Same Family For Nearly Five Decades, It Offers The Kind Of Solid Construction, Character, And Long-Term Care That Renovators And End-Users Value. The Home Features 4 Bedrooms And 2 Bathrooms, Along With A Thoughtful Mid-1980s Addition That Expanded The Living Space While Maintaining The Home's Original Charm. A Side Entrance To The Basement Creates A Natural Opportunity For A Separate Suite, In-Law Space, Or Private Workspace, Giving Future Owners Tremendous Flexibility To Customize The Home To Their Needs. The Interior Layout Provides Endless Potential For Reconfiguration, Modernization, Or A Full Redesign-An Ideal Canvas For Contractors, Renovators, Or Families Looking To Create Their Dream Home. The Exterior Is Equally Inviting, With A Beautiful, Private Backyard Framed By Mature Greenery And A Large Patio Perfect For Gatherings, Gardening, Or Quiet Relaxation. The Lot Offers Excellent Proportions For Future Landscaping Or Expansion, Making The Outdoor Space A True Extension Of The Home's Potential. Set Within A Highly Desirable North York Pocket, The Underhill Community Is Known For Its Quiet Streets, Strong Schools, And Exceptional Convenience. Residents Enjoy Close Proximity To Schools, Local Trails, Playgrounds, And Sports Facilities, Along With Easy Access To The DVP/404, 401, And TTC Routes. Everyday Essentials-Including Grocery Stores, Cafés, And The Shops At Don Mills-Are Just Minutes Away, Creating A Perfect Blend Of Suburban Comfort And Urban Accessibility. A Rare Opportunity To Transform A Long-Loved Property Into A Modern Vision, In A Neighbourhood That Continues To Grow In Demand.
Estimate your monthly payments for this property
Estimated Payment
$4,865.17/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.
8 Underhill 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
Competitive Pricing
At $733/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.
Market Position
At 32 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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.
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 $4,583 (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.