$539,000 - 205 The Donway Way Unit 104, Parkwoods
Condo for Sale in Parkwoods
34 days on marketNeighbourhood: Banbury-Don Mills
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- MLS Number
- C13743270
- Property Type
- Condo
- Status
- active
- Days on Site
- 34
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Don Mills / Parkwoods / Victoria Village
- Taxes (2026)
- $2,655
- Maintenance Fees
- $823/mo
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- ENGEL & VOLKERS TORONTO CENTRAL
Welcome to The Hemingway, a sought-after boutique residence in the heart of the Shops at Don Mills. This beautifully maintained, move-in-ready 1+1 bedroom, 1-bathroom suite offers the ease of main-floor living with a private walk-out to your own patio-an inviting extension of the living space. Thoughtfully designed and impeccably cared for, the suite features stainless steel appliances, convenient in-suite laundry, and includes one parking space and one locker.Enjoy an exceptional lifestyle with an impressive collection of amenities, including concierge service, an indoor pool and sauna, fitness centre, party and meeting rooms, and a rooftop garden complete with putting green. Ideally situated just steps from premier shopping, dining, cafés, parks, and everyday conveniences, this is refined urban living in one of Don Mills' most desirable communities.
Estimate your monthly payments for this property
Estimated Payment
$2,765.35/mo
Includes CMHC insurance ($15,038)
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 Way Unit 104, 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 $898/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 34 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. The $823/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 600 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 $2,246 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.