$639,000 - 205 The Donway N/A Unit 406, Parkwoods
Condo for Sale in Parkwoods
56 days on marketNeighbourhood: Banbury-Don Mills
- MLS Number
- C13116024
- Property Type
- Condo
- Status
- active
- Days on Site
- 56
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Don Mills / Parkwoods / Victoria Village
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Beautiful two bedroom, two bathroom condo in the highly sought-after Hemingway, located in the heart of Don Mills and Lawrence. Offering over 800 square feet of wonderful living space and a desirable split bedroom floor plan that provides additional privacy. Enhanced By South Facing Views That Flood The Space With Natural Light Throughout The Day. Inviting Kitchen features stainless steel appliances and a breakfast bar. Open-concept living and dining rooms are ideal for entertaining. Enjoy your morning coffee or evening drink on the private terrace overlooking this lovely neighbourhood. The impressive primary bedroom includes a 4-piece ensuite and a walk-in closet. The spacious second bedroom features a double closet and walk-out to the terrace. One parking spot and one locker included. This well managed condominium offers a 24-hour concierge, gym, indoor pool, party/meeting room and a stunning roof top garden complete with a putting green and barbecues . Ideally situated within walking distance to the Shops at Don Mills, top restaurants, banks, 24 Hour Shoppers Drug Mart, library, parks, scenic trails, and more. This Prime Location Truly Offers Unparalleled Convenience And Appeal.
Estimate your monthly payments for this property
Estimated Payment
$3,278.40/mo
Includes CMHC insurance ($17,828)
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 Banbury-Don Mills
Banbury-Don Mills 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 Banbury-Don Mills
- •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
Banbury-Don Mills 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.
205 The Donway N/A Unit 406, 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 $799/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.
Negotiation Opportunity
At 56 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.
About Banbury-Don Mills
I know Banbury-Don Mills 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 $2,663 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.