$585,000 - 5 Parkway Forest Drive Unit 517, Bayview Village
Condo for Sale in Bayview Village
New — Listed 2 days agoNeighbourhood: Henry Farm
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- MLS Number
- C14019472
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Hillcrest Village / Bayview Village
- Taxes (2025)
- $1,749
- Maintenance Fees
- $878/mo
- Locker
- None
- Exposure
- North East
- Balcony
- Juliette
- Listing Brokerage
- PROPERTY.CA INC.
Welcome to this beautifully updated and spacious corner unit, ideally situated in a well-maintained condominium and filled with an abundance of natural light. This desirable and versatile layout offers **3 generously sized bedrooms plus a bright solarium**, perfect for use as a **fourth bedroom, home office or cozy sitting area**, along with **1 full and 1 half washrooms**. One of the building's few units featuring **central air conditioning with water-cooled forced-air heating and cooling**, this home offers year-round comfort and convenience. Laminate flooring throughout adds as clean, modern feel. **One parking space is included**, with the option to obtain a **second parking space at a low cost**. Maintenance fees provide exceptional value and include **all utilities, cable and internet**. Enjoy an unbeatable location within walking distance to **schools, parks, community centres, Fairview Mall, Don Mills Subway Station, the library, supermarket and medical clinics**. With easy access to **Highways 401 and 404, the Don Valley Parkway, GO Transit, and nearby hospitals**, this home combines comfort, convenience, and connectivity-making it an excellent opportunity for families, professionals, or those seeking a spacious and well-connected urban lifestyle.
Estimate your monthly payments for this property
Estimated Payment
$3,001.35/mo
Includes CMHC insurance ($16,322)
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 Henry Farm
Henry Farm 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 Henry Farm
- •Convenient location in Hillcrest Village / Bayview 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
Henry Farm 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.
5 Parkway Forest Drive Unit 517, Hillcrest Village / Bayview 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 $585/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Bayview Village'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.
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 $878/month fees should cover building insurance, common elements, and reserve contributions.
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 Bayview Village. Good resale value as demand remains consistent.
About Henry Farm
I know Henry Farm 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: Bayview Village properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,438 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.