$2,150,000 - 81 Cottonwood Drive, Parkwoods
Detached for Sale in Parkwoods
42 days on market- MLS Number
- C13096284
- Property Type
- Detached
- Status
- active
- Days on Site
- 42
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Don Mills / Parkwoods / Victoria Village
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
This home was completely transformed in 2023 - a significant addition that brought it to nearly 2,650 square feet across five levels, with modern renovations throughout. You're greeted by a grand foyer with a custom glass staircase, soaring ceilings, and a layout that opens up in every direction. The living room anchors the lower level with a wood-burning fireplace, exposed brick, and floor-to-ceiling windows that walk out to a south-facing backyard built for real family life. Two primary suites - each with private ensuites and oversized windows. A fully finished flex level. A wall-to-wall mirrored closet system. A four-piece ensuite. 4 +1 bedrooms across all levels. And a backyard with a pergola terrace, mature trees, and a children's playscape with a patio deck on top .Premium 60 x 105 ft lot. Steps to Shops at Don Mills, top-rated schools, parks, walking trails, and transit.
Estimate your monthly payments for this property
Estimated Payment
$9,510.18/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.
81 Cottonwood Drive, Don Mills / Parkwoods / Victoria Village
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Rental income estimator & ROI calculator
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 $1075/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.
Market Position
At 42 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.
Bathroom Count Matters
With 4 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 $8,958 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.