$3,999,999 - 487 Spadina Road, Forest Hill
Detached for Sale in Forest Hill
67 days on market- MLS Number
- C12979874
- Property Type
- Detached
- Status
- active
- Days on Site
- 67
- Bedrooms
- 4
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Lot Size
- 5,483 sqft
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Beautiful, spacious Lorne Rose designed home, 4 Large Bedrooms, 5 Baths, Bsmt on Grade Walk Out , 3 Car Parking on a 219' Deep Lot with spectacular backyard deck & terrace, professionally Landscaped with irrigation sys. Steps from Forest Hill Village and St Clair West subway station. Within close walking distance to the finest schools, Bishop Strachan School, Upper Canada College, Forest Hill Public School, Forest Hill Collegiate & St. Michael's College. Spacious dream sanctuary in the heart of midtown Toronto. Features Include: Large principal Rms w/Great Flow & Areas for Entertaining. On a Lush 219 Ft Lot. Foyer with 13'3" ft ceiling, Double Closet, Stone Floor & Pot Lights. Combined Living & Dining Rms, both with Silk Curtains, Sheers & Oversized Windows, plus classic Crown Mouldings Hrdwd Flooring. Oversized Eat-In Kitchen has a Franke Corner Double sink w/extendable Vegetable Spray, a Large Island w/Granite Countertops, Plenty of Cupboard Space, Plus a Wine Rack. Combined w/Family Rm, the Soaring 12 ft Ceilings. Featuring Hrdwd Floors, Crown Mouldings, Gas Fireplace & double Glass doors opening to a balcony which overlooks the Deep Backyard, w/Stone Terrace & private deck to the East. Powder rm is a few steps off the Ground flr Upstairs, Primary Bdrm is 19 x 19 Feet, w/9 foot Ceilings, a Walk-in Closet, and 2 Picture windows, overlooking the backyard. Second Bdrm is almost 19 ft by over 12 Ft, with Oversized West-facing (sunset) Windows & hardwood Flooring, with a 4 Pc Bath. On the Third Flr, you will find 2 additional Bdrms w/Broadloomed Flrs, one with an East Facing Balcony for Morning Sun, other w/Large Walk-in closet. These bedrooms share a 4 pc bath w/skylight. Lower Level w/Massive Recreation rm On Grade, Walk out from 2 Double Glass Doors to an over-sized Stone Terrace. 3 Wall units, Broadloomed flr, Gas fireplace, Storage, 2 Pc bath & Laundry. Single Garage + 2 car pkg on drive. Across from park & trails, 5 min walk to Subway. Exceptional Opportunity!
Estimate your monthly payments for this property
Estimated Payment
$17,693.34/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.
487 Spadina Road, Forest Hill / Deer Park
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Rental income estimator & ROI calculator
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 $1600/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 67 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Forest Hill. Good resale value as demand remains consistent.
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 $16,667 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.