$2,599,000 - 40 Tottenham Road, Parkwoods
Detached for Sale in Parkwoods
41 days on marketNeighbourhood: Banbury-Don Mills
- MLS Number
- C13556548
- Property Type
- Detached
- Status
- active
- Days on Site
- 41
- Bedrooms
- 4
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Don Mills / Parkwoods / Victoria Village
- Listing Brokerage
- GOWEST REALTY LTD.
An Unparalleled Opportunity to Own an Imaginative & Inspiring Architectural Masterpiece ready to have the interior completed, /w your tastes. Property being sold on an "As Is, Where Is" basis. Buyer to conduct their own due diligence and investigations. This uniquely designed modern luxury residence is a true architectural landmark, perfectly positioned beside lush green space & parks in the prestigious Banbury-Don Mills neighbourhood. Set on a remarkable piano-shaped lot of approximately 14,558.7 sq.ft., this distinguished home offers approximately 11,246 sq.ft. of luxurious living space, including storage & accessory building areas. Designed for both grand entertaining & comfortable family living, the home features 4 spacious bedrooms, In-Law suite ready /w separate entrance, 2 additional flexible rooms ideal for offices, guest suites, or hobby spaces, & 6 bathrooms. Highlights include the breathtaking "Paradise Great Room," an expansive open-concept kitchen, recreation room, wet bar, sauna, spa, & a wide-view balcony overlooking tranquil surroundings. Includes 2 laundry rooms & 2 mechanical rooms /w 400-amp electrical service. A gas line has been installed, & the home has been configured to accommodate future furnace & air conditioning installation, offering flexibility for buyers to complete the mechanical systems to their own specifications. Detached 600 sq.ft. garage/garden suite potential, are complemented by a spacious deck, an 8-camera security monitoring system, & EV(3) charging capability. Ideally located just minutes from Edwards Gardens, Sunnybrook Park, scenic trails, the Eglinton LRT, shopping, major highways, & downtown Toronto. Situated within the catchment area for highly regarded schools, including Don Mills CI & St. Bonaventure Catholic School. A rare opportunity for discerning buyers to personalize an exceptional residence & create their ultimate dream home.
Estimate your monthly payments for this property
Estimated Payment
$11,496.25/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.
40 Tottenham Road, 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 $743/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 41 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 3,500 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Parkwoods. Good resale value as demand remains consistent.
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.