$8,495,000 - 148 Forest Hill Road, Forest Hill
Detached for Sale in Forest Hill
Popular Listing- MLS Number
- C13213388
- Property Type
- Detached
- Status
- active
- Days on Site
- 12
- Bedrooms
- 5
- Bathrooms
- 6
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Listing Brokerage
- ROYAL LEPAGE/J & D DIVISION
One of the most epic Georgians in the city. Completely and elegantly renovated; seamlessly marrying character and fine contemporary finishes with over 6500 sq ft of living space. A custom Downsview kitchen features stunning floor to ceiling cabinetry, Staturietto marble, and Wolf and Miele appliances. Exceptional millwork and craftsmanship blend with European white oak flooring and under floor heating. Outstanding marble foyer with elegant staircase leads to large light filled rooms with modern curated fixtures. Fresh, relevant design flows through all spaces, including a primary suite with two expansive dressing rooms and ensuite spa-like bath. Every bedroom is similarly appointed with custom cabinetry and classic marble. Chic and sophisticated lower level with Downsview stainless steel bar and every essential appliance - perfect for effortless entertaining. Cool, crisp, lower level bathroom includes a wet steam room and spa shower. Additional living spaces are a fourth floor movie room complete with surround sound. An oversized lot surrounded by mature trees offers a private sanctuary in the center of the city. A gated two car garage allows for added security. There is no more perfect location in the city, steps to UCC, blocks from BSS, a short drive to Bloor St and under 30 minutes to the airport. This prestigious Georgian, renovated to perfection, offers luxury and brilliant design in the center of the city.
Estimate your monthly payments for this property
Estimated Payment
$37,576.25/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 Forest Hill / Deer Park
Forest Hill / Deer Park 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 Forest Hill / Deer Park
- •Convenient location in Forest Hill / Deer Park
- •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
Forest Hill / Deer Park 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.
148 Forest Hill Road, Forest Hill / Deer Park
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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
Premium Pricing
At $2427/sqft, this property is priced above the Forest Hill 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.
Detached Home Advantages
Detached homes in Forest Hill are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Forest Hill.
Bathroom Count Matters
With 6 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: Forest Hill properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $35,396 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.