$3,188,000 - 3 Cicada Court, Parkwoods
Detached for Sale in Parkwoods
Neighbourhood: Banbury-Don Mills
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- MLS Number
- C13714328
- Property Type
- Detached
- Status
- active
- Days on Site
- 21
- Bedrooms
- 7
- Bathrooms
- 6
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Don Mills / Parkwoods / Victoria Village
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Welcome to this exceptional 5 + 2 bedroom, 6 bathroom two storey home, perfectly tucked away on a quiet, child save cul de sac in a highly desirable community and school district. Rarely does a home offer this much space, value, privacy and versatility in such a sought after prestigioius neighbourhood. Designed with family in mind, the spacious second floor features five generously sized bedrooms, including two bedrooms with private ensuites, two additional bedrooms that share a large ensuite bathroom, and a fifth bedroom with a conveniently located bathroom in the hall. The main floor offers a beautiful wood panelled office, spacious family room and generous principal living spaces, creating the perfect balance of comfort, functionality and elegance. The expansive lower level adds exceptional versatility, with a large recreation room, kitchen, two additonal bedrooms, storage areas and a walk out. Ideal for multigenerational living, extended family, guests or a private suite, this space offers endless possibilities. Outside, beautifully landscaped grounds provide privacy and easy maintenance, while a rare three car garage and an abundance of additonal parking make this home exceptionally practical for a large or active family. Step outside your door and enjoy an easy walk to Edwards Gardens, parks, schools and transit, with convenient access to some of the city's finest private schools, shopping, and major highways. This is an exciting opportunity to own a truly special family home in an outstanding location..spacious, private, versatile and designed to grow with you.
Estimate your monthly payments for this property
Estimated Payment
$14,101.60/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 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.
3 Cicada Court, 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 $1063/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 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.
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.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 7 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 6 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.