Name: 5 Parkway Forest Drive, Unit 517
SKU: C14019472
Price: 585000 CAD
Availability: InStock

6 Upcoming Open Houses at 5 Parkway Forest Dr #517

Drop in during an open house, or book a private viewing at a time that suits you.

Saturday, October 172:00 PM – 4:00 PMIn person · no booking neededAdd to Google Calendar (opens in a new tab)Apple / Outlook (.ics)
Sunday, October 182:00 PM – 4:00 PMIn person · no booking neededAdd to Google Calendar (opens in a new tab)Apple / Outlook (.ics)
Saturday, October 242:00 PM – 4:00 PMIn person · no booking neededAdd to Google Calendar (opens in a new tab)Apple / Outlook (.ics)
Sunday, October 252:00 PM – 4:00 PMIn person · no booking neededAdd to Google Calendar (opens in a new tab)Apple / Outlook (.ics)
Sunday, November 12:00 PM – 4:00 PMIn person · no booking neededAdd to Google Calendar (opens in a new tab)Apple / Outlook (.ics)
Saturday, November 72:00 PM – 4:00 PMIn person · no booking neededAdd to Google Calendar (opens in a new tab)Apple / Outlook (.ics)

3 Bed, 1 Bath Condo in Toronto

Unit 517 at 5 Parkway Forest Drive

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 purchase 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.

3 bedrooms, 1 bathroom, about 1,000 sq ft, works out to roughly $585 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.

Inside 5 Parkway Forest Dr #517

Every detail from the listing, in one place.

Type: Condo
Style: Apartment
Living space: 1000-1199 sq ftas stated on the listing
Parking: 1 spaceYes garage
Basement: None

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 1

Interior

Basement: None

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Apartment
Property class: Condo Apartment

5 Parkway Forest Dr #517 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Oct 13, 2026For saleListedThis listingMLS® C14019472$585,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 5 Parkway Forest Dr #517 Compares to the Toronto Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Excellent Deal· based on 15,786 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Toronto market, last 90 days

Median sold price: $848,000
Average sold price: $1,080,820
Average days on market: 31
Homes sold: 9,683

Closed sales on the TRREB MLS®.

Full Toronto market report

Market pulse · Toronto

Toronto market

Median sold price$848,000Last 90 days
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4901.1%On average, homes sold at or above asking.
Active listings12,476Homes for sale here right now.
Median vs prior 90 days+2.8%Compared with Apr 16 – Jul 15, 2026: prices up.

Based on 9,683 sales from Jul 15 – Oct 13, 2026 (6,629 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Toronto

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 517 — 5 Parkway Forest Drive 3 bd · 1 ba · 1,000 sqft	$585,000asking	$585	—	—
155 Merchants' Wharf N/A 2 bd · 2 ba · 1,600 sqft
80 John Street 2 bd · 2 ba · 1,000 sqft
135 East Liberty Street 3 bd · 2 ba · 800 sqft
342 Spadina Road 3 bd · 2 ba · 2,500 sqft
188 Redpath Avenue 2 bd · 1 ba · 700 sqft
68 Abell Street 2 bd · 2 ba · 600 sqft

155 Merchants' Wharf N/A
2 bd · 2 ba · 1,600 sqft
80 John Street
2 bd · 2 ba · 1,000 sqft
135 East Liberty Street
3 bd · 2 ba · 800 sqft
342 Spadina Road
3 bd · 2 ba · 2,500 sqft
188 Redpath Avenue
2 bd · 1 ba · 700 sqft
68 Abell Street
2 bd · 2 ba · 600 sqft

More in this building

4 for sale · 2 for rent at 5 Parkway Forest Dr — plus its sale and lease history.

See all of 5 Parkway Forest Dr

Living in Toronto: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

Don Mills StationLine 4720 m9 min walk
Oriole GO StationRichmond Hill GO1.5 km19 min walk
Leslie StationLine 41.6 km20 min walk

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

Don Mills Station (Line 4)9 min walk
Oriole GO Station (Richmond Hill GO)19 min walk
Leslie Station (Line 4)20 min walk

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

Don Mills Station
720 m9 minClosest· Line 4
Homes near Don Mills Station
Oriole GO Station
1.5 km19 min· Richmond Hill GO
Homes near Oriole GO Station
Leslie Station
1.6 km20 min· Line 4
Homes near Leslie Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 5 Parkway Forest Dr #517. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 5 Parkway Forest Dr #517

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $2,874; 20% down · 25 years · 5.5% assumed
Property tax: $322; 0.66% mill rate · ON
Total per month: $3,196; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$2,874

/mo

based on the purchase price of $585,000

Down payment20%

$117,000 cash

Amortization25 yr

$468,000 financed

Rate5.50%

$394,179 total interest

Principal54%$468,000

Interest46%$394,179

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

Want rate-drop alerts and a saved shortlist?

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

Book a tour of 5 Parkway Forest Dr #517 with a licensed buyer's agent

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Ask about 5 Parkway Forest Dr #517 day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.

A licensed local agent

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Find an agent (905) 553-8500 (main line)

Questions About 5 Parkway Forest Dr #517

How much is 5 Parkway Forest Dr #517 listed for?

5 Parkway Forest Dr #517 is listed at $585,000 (MLS® C14019472). Summitly updates the price as soon as the MLS® record changes.

Is $585,000 a good price for 5 Parkway Forest Dr #517?

Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate

Has the price of 5 Parkway Forest Dr #517 changed?

No — 5 Parkway Forest Dr #517 is still listed at its original asking price of $585,000.

How many bedrooms and bathrooms does 5 Parkway Forest Dr #517 have?

5 Parkway Forest Dr #517 has 3 bedrooms and 1 bathroom, with about 1,000–1,199 square feet of living space. It is a condo in Toronto.

Is 5 Parkway Forest Dr #517 close to transit?

The nearest rapid-transit station is Don Mills Station (Line 4), about 720 m (about a 9-minute walk) in a straight line. Oriole GO Station is about 1.5 km (about a 19-minute walk), and Leslie Station is about 1.6 km (about a 20-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.

How much would the monthly mortgage be on 5 Parkway Forest Dr #517?

About $2,874 a month — principal and interest on $585,000 with 20% down ($117,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.

Are there open houses at 5 Parkway Forest Dr #517?

Yes — Saturday, October 17, 2:00 PM – 4:00 PM; Sunday, October 18, 2:00 PM – 4:00 PM; Saturday, October 24, 2:00 PM – 4:00 PM. Open-house times come from the listing brokerage and can change, so check this page before you go, or book a private viewing.

How does 5 Parkway Forest Dr #517 compare with other homes in Toronto?

Its asking price of $585,000 is about 31% below the median sold price in Toronto over the last 90 days, $848,000, across 9,683 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.

Has 5 Parkway Forest Dr #517 been sold before?

Summitly has no earlier MLS® sale or lease of 5 Parkway Forest Dr #517 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 5 Parkway Forest Dr #517?

5 Parkway Forest Dr #517 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 5 Parkway Forest Dr #517 been on the market?

5 Parkway Forest Dr #517 was listed today (October 13, 2026).

What is the price per square foot of 5 Parkway Forest Dr #517?

About $488 to $585 per square foot: the asking price of $585,000 over the 1,000–1,199 sq ft the listing gives as its size range.

5 Parkway Forest Dr #517, Toronto

What you should know

6 Upcoming Open Houses at 5 Parkway Forest Dr #517