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517 - 5 Parkway Forest Drive

517 - 5 Parkway Forest Drive

Toronto C15, ON

  • 4 bed
  • 2 bath
  • approx. 1000-1199 sqft
  • Condo Apartment
$585,000

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.

Listing Details

Taxes (2025)
$1,749
Listed
October 13, 2026

Price History

Property

Style
Apartment
Construction
Brick, Concrete
Interior
Carpet Free, Separate Heating Controls

Parking

Garage
Underground
Covered Spaces
1
Total Parking
1

Utilities

Heat Source
Gas

Location & Legal

Cross Street
Don Mills/Sheppard
Parcel Number
110160174
Possession
Flexible
Occupancy
Owner

Condo

Maintenance Fee
$878/month
Fee Includes
Heat Included, Hydro Included, Water Included, Cable TV Included, CAC Included, Common Elements Included, Building Insurance Included, Parking Included
Pets
Yes-with Restrictions
Locker
None
Balcony
Juliette
Amenities
Exercise Room, Outdoor Pool, Party Room/Meeting Room, Tennis Court, Visitor Parking

Included

Inclusions
None
Exclusions
All Chattels
Rental Items
None

Schools

Elementary

  • Forest Manor Public School0.3 km

    Public · Toronto DSB · 805 students

    Grade 3 reading: 64% met the provincial standard

  • Shaughnessy Public School0.5 km

    Public · Toronto DSB · 185 students

    Grade 3 reading: 67% met the provincial standard · Grade 6 math: 42% met the provincial standard

  • St Timothy Catholic School0.8 km

    Catholic · Toronto CDSB · 620 students

    Grade 3 reading: 93% met the provincial standard · Grade 6 math: 64% met the provincial standard

Secondary

  • George S Henry Academy0.7 km

    Public · Toronto DSB · 520 students

    Grade 10 literacy: 70% met the provincial standard

  • North East Secondary Alternative School1.6 km

    Public · Toronto DSB

  • Georges Vanier Secondary School1.7 km

    Public · Toronto DSB · 985 students

    Grade 10 literacy: 78% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area M2J

Population
61,761
Private dwellings
25,487
Median age
38.4
Average household size
2.5
Median household income
$83,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Residential Condo & Other in Toronto C15 · last 12 months

Median sold price
$698,000
Homes sold
1,105
Median days on market
26
Sale-to-list price
97.9%

Based on 1,105 recorded sales of residential condo & other properties in Toronto C15 over the last 12 months.

Rooms

3-piece, 2-piece

Ground

  • Bedroom 212'10" x 7'10"
  • Bedroom 310'10" x 8'6"
  • Den9'6" x 9'2"
  • Dining Room8'6" x 8'6"
  • Kitchen10'10" x 7'7"
  • Laundry8'10" x 7'10"
  • Primary Bedroom13'9" x 10'2"

Listed by

PROPERTY.CA INC.

Walk Score

71

Walk

78

Transit

36

Bike

Scores by Walk Score®

Mortgage Calculator

$117,000

Estimated Monthly Payment

$2,874

Land transfer tax

Estimated land transfer tax$8,175

Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $2,874/mo (20% down, 5.5%)

Taxes: $146/mo · Insurance: $146/mo

Maint: $878/mo

Estimates only. Consult a financial advisor.

R

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