$2,950,000 - 163 Wychwood Avenue, Forest Hill
Detached for Sale in Forest Hill
- MLS Number
- C13158030
- Property Type
- Detached
- Status
- active
- Days on Site
- 16
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
163 Wychwood Avenue is a rare architectural offering in the heart of Wychwood - a meticulously renovated main residence paired with a design-forward laneway home. Featured in Toronto Life and finished to a luxury standard, this live/work compound delivers exceptional scale and versatility - ideal for entrepreneurs, creatives, professionals, multigenerational families, or those needing a private guest residence or executive workspace.The main home blends contemporary refinement with timeless character. An open layout flows between living, dining, and kitchen spaces, anchored by an exposed brick feature wall, wide-plank hardwood floors, and curated finishes. The kitchen features Carrara marble countertops, custom cabinetry, a gas range, and abundant natural light. Upstairs, a serene primary retreat with cathedral ceiling pairs with a spa-inspired bath and heated towel warmer. The lower level adds a separate entrance, full bathroom, and rough-ins for a kitchen and laundry - flexibility for extended family, wellness space, guests, or future use.The 1,470 sq. ft. two-storey laneway home is a true second residence, defined by expansive glazing, dramatic light, and seamless indoor-outdoor connection. Conceived as luxury flex space, private studio, creative headquarters, executive office, or guest residence, it offers an opportunity seldom available in Toronto's urban core. The ground level houses a heated two-car garage adaptable as showroom, fitness studio, entertaining space, or collector garage. Above, a full kitchen with custom cabinetry and premium appliances, in-suite laundry, heated bathroom floors, and a spa-inspired bath with heated towel warmer create a bright, open-concept primary level. A rooftop level offers a future private terrace with skyline views including the CN Tower.Landscaped grounds, natural stone detailing, EV charging, and parking for up to three vehicles complete this rare offering in one of Toronto's most coveted neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$13,048.85/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.
163 Wychwood Avenue, 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 $1180/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.
Market Position
At 16 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.
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.
Excellent Flexibility
With 6 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 5 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 $12,292 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.