60 Doonaree Drive, Toronto, ON
Parkwoods-Donalda, Toronto · MLS® C13593674
About this home
In short
- Discover the perfect blend of timeless mid-century modern architecture and a Muskoka-inspired setting in Toronto's lush Parkwoods neighbourhood.
- Nestled on an expansive ravine lot, this sophisticated residence is filled with natural light, architectural character, and multiple walkouts, creating a seamless...
- Just a few steps above, the dramatic great room is the home's architectural centrepiece, featuring a dramatic vaulted ceiling, floor-to-ceiling windows, a striking...
- Outside, mature trees, cascading gardens, expansive decks, and an in-ground pool overlook the picturesque ravine, creating the feeling of a contemporary cottage...
- Complete with adouble-car garage and private driveway, this exceptional home is moments from parks, walking trails, top-rated schools, including Victoria Park...
Discover the perfect blend of timeless mid-century modern architecture and a Muskoka-inspired setting in Toronto's lush Parkwoods neighbourhood. Nestled on an expansive ravine lot, this sophisticated residence is filled with natural light, architectural character, and multiple walkouts, creating a seamless connection between indoor and outdoor living. The modern kitchen with premium appliances and a waterfall breakfast island flows effortlessly into the formal living and dining room, each opening to the wrap-around patio and terrace. Just a few steps above, the dramatic great room is the home's architectural centrepiece, featuring a dramatic vaulted ceiling, floor-to-ceiling windows, a striking brick-and-stone fireplace surround, and breathtaking treetop views. The upper level offers two generous bedrooms, including a spacious primary retreat overlooking the tranquil backyard, with custom built-ins, a sitting area, and a beautifully updated four-piece bathroom with quartz countertops and Italian tile. Thoughtfully designed with distinct yet connected living areas, this side split's unique layout offers exceptional flexibility for growing families, multi-generational living, or those who love to entertain. The ground-level, with its separate walkout, offers a gas fireplace, an office nook, and a large closet, ideal for use as a family room, a private third bedroom, or a convenient in-law suite. The finished lower level adds a fourth bedroom, a three-piece bathroom, laundry, and abundant storage. Outside, mature trees, cascading gardens, expansive decks, and an in-ground pool overlook the picturesque ravine, creating the feeling of a contemporary cottage retreat in the city. Complete with adouble-car garage and private driveway, this exceptional home is moments from parks, walking trails, top-rated schools, including Victoria Park Collegiate's acclaimed IB program, and convenient access to the TTC, DVP and Hwy 401
Key facts
- Property type
- Detached, Sidesplit
- MLS®
- C13593674
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 57 × 120.07 ft
- Cross streets
- Lawrence Ave W & Underhill Dr
- Parking
- 2 garage · 6 parking (built-in)
- Basement
- Full, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Wood
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle, Tar and Gravel
- Sewer
- Sewer
- Pool
- Inground, Outdoor
- Property tax
- $8,226 / 2026
- Days on market
- 53
- Listing brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Rooms
w/o to pool · fireplace · large closet
closet · overlooks frontyard · wood
b/i closet · overlooks backyard · broadloom
overlooks dining · w/o to deck · breakfast bar
above grade window · pot lights · broadloom
combined w/living · large window · parquet
cathedral ceiling(s) · fireplace · overlooks pool
combined w/dining · w/o to deck · parquet
Listed at $1,580,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $1.57M, typically $1.43M to $1.68M. Comparable closings on their own put this home around $1.54M, which agrees with the ask, so this is a firm read.
Second read, from the city assessment: $1.53M. Similar homes sold in line with their assessments, and this one lands close to the comparable-sales figure, which is what a firm read looks like.
Total price vs nearby homes. Fair value about $1.57M, median of 80 comparables.
The market behind the math:
About 3.2 months of inventory: 14 detached homes for sale in the area against 13 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $903/sqft against an area asking average of $883/sqft. Size and $/sqft both feed the estimate above.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
- Inground pool. Priced into the comparison on the assumption it is clean and modern. A pool costs more to build than resale pays back, and condition is the in-person call.
How this estimate is builtthe short version
I take the 80 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.53M, a close match.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
Schools & getting aroundcatchment and transit
The assigned public school is Milne Valley Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Parkwoods-Donalda, so I widened the search to the surrounding area.
Based on 80 comparable homes that sold in Parkwoods-Donalda over the past two years, from 134 closings there.
For sale
For sale
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For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.54M, which is where my estimate comes from.
Per square foot, these ask about $783/sqft; this home lists at $903/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Parkwoods-Donalda, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.09% via Ratehub.ca (as of September 11, 2026); conventional rates run a little higher.
Mortgage amount $1,264,000 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,814
- Property tax
- $686
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,500
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $28,075
- Toronto municipal land transfer tax
- $28,075
- Estimated closing costs
- $56,150
Plus your down payment of $316,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $408,862
- Principal paid down
- $159,084
- Interest paid
- $249,778
- Balance remaining
- $1,104,916
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 37 whole-home leases in Parkwoods-Donalda signed at a median of $4,501 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,901. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS®/PropTx.