$5,399,000 - 1 Forest Hill Road Unit 701, Yorkville
Condo for Sale in Yorkville
- MLS Number
- C13169200
- Property Type
- Condo
- Status
- active
- Days on Site
- 19
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Owned
- Exposure
- North East
- Balcony
- Terrace
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Welcome to the prestigious Residences at One Forest Hill, an exclusive boutique building offering refined living, exceptional privacy, and timeless design in one of Toronto's most distinguished neighbourhoods. Suite 701 is a rare, extensively upgraded corner residence by Schwartz &Ko.Interior Design. Offering 2,619 sq ft with 2 bedrooms, office, 3 bathrooms & 2 terraces totalling 570 sq ft with North & East exposure. Includes 2 parking & 1 locker. Custom reimagined layout designed for maximum functionality, storage and everyday luxury. Situated on a highly desirable floor with only 3 suites, offering an elevated level of privacy. Open-concept living and dining areas ideal for entertaining & hosting family gatherings, anchored by a double-sided gas fireplace with floor-to-ceiling book-matched marble. Designer kitchen with Sub-Zero & Wolf appliances, additional Sub-Zero fridge & wine cooler, oversized eat-in island, custom walk-in pantry, and built-in bar/glass cabinets. Family room features custom media cabinetry, upgraded millwork and built-in sound system. Private office with French-style glass double doors, custom built-ins & desk with designer finishes. The primary suite is a true retreat with a walkout to 2nd terrace, motorized blinds, custom millwork, spa-inspired his & hers ensuites, steam shower, and a large walk-in closet w/ a Marble centre island. Sizable second bedroom offers floor-to-ceiling windows w/ terrace access & a large walk-in storage closet. The 4-piece guest bathroom features designer wallpaper, a custom vanity with Caesarstone counter & shower tub combo. Equally impressive is the outdoor living with a rare double height terrace exclusive to this level, complete with dual gas lines for BBQ and heater. Full laundry room with Asko washer & dryer, built-ins and sink. Foyer with large walk-in storage. Hotel-style amenities include 24-hr concierge & security, valet, porter service, gym, lounge W/ catering kitchen, party room & visitor parking.
Estimate your monthly payments for this property
Estimated Payment
$23,881.60/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 Annex / Yorkville / Summerhill
Annex / Yorkville / Summerhill 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 Annex / Yorkville / Summerhill
- •Convenient location in Annex / Yorkville / Summerhill
- •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
Annex / Yorkville / Summerhill 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.
1 Forest Hill Road Unit 701, Annex / Yorkville / Summerhill
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Rental income estimator & ROI calculator
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
Premium Pricing
At $2160/sqft, this property is priced above the Yorkville average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 19 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.
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. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 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.
Investment Perspective
Looking at this as an investment: Yorkville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $22,496 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.