$3,075,000 - 342 Spadina Road Unit 405, Forest Hill
Condo for Sale in Forest Hill
54 days on market- MLS Number
- C13032724
- Property Type
- Condo
- Status
- active
- Days on Site
- 54
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Locker
- Owned
- Exposure
- North East
- Balcony
- Enclosed
- Listing Brokerage
- FOX MARIN ASSOCIATES LTD.
Start with the light. Three exposures. Floor-to-ceiling windows. Nine-foot ceilings. Downtown Toronto in the distance, treetops in the foreground. Everything else follows from there.Suite 405 is 2,534 square feet of evidence that someone refused to compromise. In 2022, this residence was taken back to concrete. Not renovated. Rebuilt. And that distinction matters.The open-concept living area features sculpted ceilings and coves with indirect Lutron-controlled LED lighting, an acoustic demising wall, a slab-quartz feature wall with an Evonik frameless three-sided fireplace, floating rift-cut oak shelves, a built-in bar and wine fridge, concealed AV components, and effortless dining for twelve or more.The kitchen bears scrutiny. Custom-painted and rift-cut oak cabinetry. A 10-foot island. Book-matched Italian quartz counters and backsplash. A full suite of top-of-the-line integrated Jenn-Air appliances: twin fridge and freezer columns, induction cooktop, dual convection ovens, and an under-counter dual-temperature wine fridge. A Bosch ultra-quiet dishwasher. Recessed under-cabinet LED task lighting. Exterior-vented downdraft. The photographer didn't make this kitchen beautiful. The designer did.The primary suite offers north-facing treetop views, blackout drapes, a walkout to the enclosed sunroom, and a custom walk-in closet. The ensuite: Bain Ultra freestanding soaker tub, Schluter heated floors, porcelain-slab shower with Diamon-Fusion glass, and Kohler Purist polished-nickel fixtures throughout. Others talk of spa-like retreats. This unit delivers.The guest bedroom is finished with identical conviction: expansive windows, direct ensuite access, and a three-piece bath with large-format porcelain tile applied to the floors and shower enclosure, and a custom floating vanity with a porcelain slab counter. Cont...
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Estimated Payment
$13,601.76/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 405, 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 $1230/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 54 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.
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 $12,813 (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.