$15,000/mo - 35 Penwood Crescent, Parkwoods
Detached for Rent in Parkwoods
New — Listed 2 days agoNeighbourhood: Banbury-Don Mills
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- MLS Number
- C13865192
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Don Mills / Parkwoods / Victoria Village
- Listing Brokerage
- NU STREAM REALTY (TORONTO) INC.
Welcome to 35 Penwood Crescent, an impressive executive residence for lease in Toronto's prestigious Banbury-Don Mills community. Set on an exceptional approximately 97-by-127-foot lot, this substantial home offers over 45,00 square feet above grade, plus approximately 2,311 square feet on the lower level. The grand main floor features expansive living and dining rooms, a sun-filled family room, private wood-panelled office, mudroom and a beautifully appointed kitchen with generous cabinetry, stone counters, a large centre island and professional-style appliances. Upstairs, five spacious bedrooms include an oversized primary retreat with dressing room and ensuite, complemented by additional bathrooms and excellent storage. The finished lower level extends the living space with a recreation room, playroom, wet bar, additional bedroom, bathroom and sauna-ideal for entertaining, fitness or extended family. Large windows, elegant millwork, hardwood and stone flooring, recessed lighting and multiple fireplaces add warmth and character throughout. Conveniently located near excellent schools, Edwards Gardens, parks, trails, Shops at Don Mills, TTC, Highway 401 and the DVP. A rare opportunity offering exceptional space, privacy, comfort and convenience in one of North York's most finest neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$76.96/mo
Includes CMHC insurance ($419)
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.
35 Penwood Crescent, Don Mills / Parkwoods / Victoria Village
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $15,000/mo, this is asking above the typical 4-bedroom rent of ~$4,200/mo in Parkwoods. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Just Listed - Act Strategically
This property hit the market within the last week. In Parkwoods's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 3,500 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 6 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 5 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.