$1,795,000 - 342 Spadina Road Unit 301, Forest Hill
Condo for Sale in Forest Hill
66 days on market- MLS Number
- C12984956
- Property Type
- Condo
- Status
- active
- Days on Site
- 66
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,600 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Locker
- Owned
- Exposure
- South West
- Balcony
- None
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Nestled in a boutique residence of only 20 suites in prestigious Forest Hill Village is this meticulously renovated 1,750 SF corner suite. This turnkey residence showcases 2 spacious bedrooms & 2 bathrooms, boasting bespoke finishes that elevate everyday living. Bathed in natural light, the suite features floor-to-ceiling glass creating a bright and airy atmosphere. The sumptuous light wood floors add a sophisticated touch to every room. A striking fireplace with custom built-ins & integrated lighting, serves as the anchor of the main living space. The thoughtfully designed split floor plan offers a seamless flow ideal for entertaining. The chef's kitchen is equipped with high-end Miele appliances, a stunning quartz center island with overhead hood fan & ample cabinetry. Breathtaking views of the surrounding tree canopy. Retreat to the gracious primary suite, featuring custom built-in cabinetry & a spa-like ensuite, complete with double sinks, a spacious walk-in shower with bench, heated floors & heated towel rack & exquisite finishes that exude opulence. The generous second bedroom is the epitome of comfort & style, while the additional bathroom boasts a luxurious soaker tub, heated floors & towel rack. This impressive suite also includes a full laundry room with sink and extra storage. Completing the package are 2 parking spaces & large locker. Situated just steps away from The Village, Loblaws, boutique shops & fine dining options, as well as Winston Churchill Park & scenic ravines. Public transit is conveniently around the corner. This exceptional residence harmonizes exquisite design with an unbeatable location, setting the stage for an enviable lifestyle in one of Toronto's most sought-after neighbourhoods.
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Estimated Payment
$7,939.89/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.
342 Spadina Road Unit 301, 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 $1122/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.
Negotiation Opportunity
At 66 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.
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 $7,479 (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.