$648,800 - 85 The Donway N/A Unit 708, Parkwoods
Condo for Sale in Parkwoods
68 days on market- MLS Number
- C12986960
- Property Type
- Condo
- Status
- active
- Days on Site
- 68
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Don Mills / Parkwoods / Victoria Village
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- HOMELIFE/BAYVIEW REALTY INC.
You can have it all! Located in the heart of the vibrant Shops at Don Mills, this spacious condo provides the perfect blend of comfort, convenience, and modern living. Situated in a boutique, low-rise building, this unit boasts an open concept layout with floor-to-ceiling windows, flooding the space with natural light. Highly coveted unobstructed west facing unit with stunning views of sunsets & city skyline! The glass panels on balcony allow for a clear expansive view. Feel at home in this truly spacious 1+den, 2 FULL washrooms, (813 sqft) condo- a truly well designed suite, 9' ceiling, loads of storage space & closets. Den can be closed off and used as a guest room, nursery or office. Step outside to discover the unparalleled convenience of living just moments away from world-class shopping, dining, and entertainment. Stroll on over to a fantastic & diverse range of restaurants, cafes, shops, Cineplex VIP Cinemas, grocery stores: Metro & Mcewen, Eataly, LCBO, banks & more! Take in the special events including art & music. Surrounded by trails & parks: local playground, Don Mills Trail, Edwards Garden, Charles Sauriol Conservation area. With easy access to major transit routes, DVP, 401, Don Mills transit hub- a bus ride away to 3 subway lines (1,2,4) and Eglinton LRT- this location offers the best of both worlds: urban living in a serene, boutique setting. Building features an exercise room and an inviting party room with a patio, visitor parking. Parking spot with nearby locker. Heat pumps allows for year round control of heat/cool. Turn-key option: most furnishings available for sale. Note: Photos of den with sliding door are virtually enhanced photos for illustration purposes.
Estimate your monthly payments for this property
Estimated Payment
$3,328.68/mo
Includes CMHC insurance ($18,102)
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.
85 The Donway N/A Unit 708, 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
Fair Market Value
At $811/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.
Negotiation Opportunity
At 68 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.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 $2,703 (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.