$1,998,000 - 240 Heath Street Unit 1002, Forest Hill
Condo for Sale in Forest Hill
33 days on market- MLS Number
- C13130632
- Property Type
- Condo
- Status
- active
- Days on Site
- 33
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,800 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Locker
- Exclusive
- Exposure
- North East
- Balcony
- Enclosed
- Listing Brokerage
- HOMELIFE/CIMERMAN REAL ESTATE LIMITED
***Remarkable Fully Renovated To An Exceptional Standard Unit In One Of The City's Most Exclusive Boutique Building In Forest Hill*This Versatile Plan Of Extraordinary Scale & Proportions Offers Over 1900 SQFT Of Interior Space Including Approx 200 Sqft Enclosed Balcony***Floor To Ceiling Windows Creating A Bright & Airy Atmosphere/Open Concept Unit With Functional Bedrooms On The High Floor****Sophisticated High-End Custom Finishes Incl :Premium Engineering Hardwood Flooring/Extensive Use Of Pot Lights/Crown Moldings/B/In Living Room Wall Unit With "Napoleon" Fireplace & Abundance Of Custom B/Ins/Custom Kitchen With Breakfast Bar, Center Island & Pantry/Quarts Countertop & Backsplash/Timeless Spa Retreat Ensuite With Custom Vanity, B/In Drawers & Shelves ,Heated Flooring & Heated Towel Bar, Separate Shower Retreat Has Bench & /Bedrooms Build/In Wall Units With Closet Organizers/Separate Laundry Room With Side By Side Washer &Dryer, Build/In Storage Cabinets & Undermount Sink/Custom Millwork And Hardware*******Boutique Residence Offers Visitor Parking, 24Hr Security, Rec Room, Sauna, Indoor Pool***Exclusive Lifestyle And Uncompromised Luxury***
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Estimated Payment
$8,837.83/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.
240 Heath Street Unit 1002, 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
Fair Market Value
At $1110/sqft, this property is priced in line with current Forest Hill market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 33 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.
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 $8,325 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.