$829,000 - 27 Amherst Avenue, Forest Hill
Detached for Sale in Forest Hill
58 days on market- MLS Number
- C13024906
- Property Type
- Detached
- Status
- active
- Days on Site
- 58
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Listing Brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
An ideal fit for first-time buyers looking to offset their mortgage, investors seeking a turnkey addition or downsizers seeking simplicity without compromise. A detached bungalow that understands how we live today - thoughtfully upgraded, income-ready and designed to evolve with you. Major improvements, including updated electrical, roof and key mechanicals, provide a level of ease that's increasingly hard to find. A large enclosed front porch sets the tone - offering a practical entry point, added storage and a natural extension of the home. Inside, a formal living and dining space feels both composed and inviting. Expansive bedrooms, each with its own closet, are complemented by ample storage throughout the home, including a coat closet and two linen closets. At the rear, a sunroom addition brings in warmth and light - perfect for long dinners, slow mornings and everything in between. Downstairs, a fully renovated permitted second suite, supported by ESA and fire marshal approvals, with a separate entrance adds flexibility. Ideal for rental income, helping to offset mortgage costs in today's market where every dollar counts. It's equally well suited for extended family or evolving needs, with interior access allowing the home to function as one space or two. Laneway house potential offers further future upside, complemented by 3-car parking (legal front pad, garage and lane). Set in a well-connected west-end pocket, moments to the new Eglinton LRT at Oakwood Station (less than a 10-min walk), with quick access to the Allen Road and Highway 401. Cedarvale Park is just steps away, with its winding trails and off-leash dog area, while St. Clair Avenue West offers a vibrant mix of cafés, bakeries and neighbourhood favourites that make daily life feel easy and well lived.
Estimate your monthly payments for this property
Estimated Payment
$4,253.20/mo
Includes CMHC insurance ($23,129)
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.
27 Amherst 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 $1184/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.
Negotiation Opportunity
At 58 days on site, this property has exceeded the typical selling timeline for Forest Hill. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.
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 $3,454 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.