$749,000 - 1496 Victoria Park Avenue Unit 245, Parkwoods
Condo for Sale in Parkwoods
Neighbourhood: Victoria Village
- MLS Number
- C13451252
- Property Type
- Condo
- Status
- active
- Days on Site
- 21
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Don Mills / Parkwoods / Victoria Village
- Locker
- Exclusive
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.
Connection when you want it, privacy when it matters. Natural light flows throughout the townhome, beginning on the main level where oversized windows, generous ceiling heights, and a Juliet balcony look out toward green space. The kitchen, dining, and living areas on this level come together naturally alongside a third bedroom currently used as an office. The second level includes two additional bedrooms. The primary bedroom features a spacious ensuite and walk-in closet, while a second full bathroom complements the second bedroom and the rest of the townhome. The third level includes access to the private rooftop terrace, bringing an elevated element to the townhome by offering a year-round experience rarely associated with city living. At approximately 250 sq ft, the rooftop space invites a different perspective with every season. From watching the first snowfall through winter, to finding quiet moments as the day begins and unwinding as summer evenings settle in, it's a space that naturally becomes part of everyday life. Located in Victoria Village, an established townhouse community within Toronto's Golden Mile corridor. The neighbourhood is already benefiting from significant public and private investment, expanded transit, and renewed attention as one of Toronto's most closely watched growth areas. With the Eglinton Crosstown LRT, TTC, GO Transit, downtown Toronto, major airports, the DVP, and Highway 401 all within reach. The location offers the kind of connectivity that works whether your day starts at home, downtown, or somewhere in between.This townhouse includes two underground parking spaces and a private locker. Within the community there is visitor parking, landscaped common areas, and an accessible, engaged property management team contribute to the ease and appeal of life in Victoria Village. This is a home that offers comfort today and confidence in tomorrow.
Estimate your monthly payments for this property
Estimated Payment
$3,842.76/mo
Includes CMHC insurance ($20,897)
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 Victoria Village
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 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
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.
1496 Victoria Park Avenue Unit 245, 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 $749/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 21 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.
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.
About Victoria Village
I know Victoria Village well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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 $3,121 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.