$2,388,000 - 603 Spadina Road, Forest Hill
Detached for Sale in Forest Hill
New — Listed 5 days ago- MLS Number
- C13145608
- Property Type
- Detached
- Status
- active
- Days on Site
- 5
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Located in one of Toronto's most established and prestigious neighbourhoods ------------- 603 Spadina Rd sits on a premium 50 ft lot & RECENTLY UPDATES(FULLY/NEWLY FINISHED, HI CEILING with UNDERPIN BASEMENT, NEWER FLOOR, NEWER KITCHEN, NEWLY PAINTED, WIDEN INTERLOCKING DRIVEWAY---SPENT $$$$) ------------- surrounded by luxury custom homes and ongoing redevelopment. Whether your vision is to restore and personalize a character home, or to take advantage of the lot and pursue a new build, this address presents flexibility that is increasingly hard to find in Forest Hill.The home offers a functional layout with generous room sizes and solid structure, with a separate entrance to a potential rental income basement ($$$).This beautifully updated home features a brand new interlocking widened driveway with parking for up to 3 cars, a newly finished basement with high ceilings, and new flooring throughout all levels. The spacious second floor offers 4 generously sized bedrooms, making it perfect for families.Walking distance to top-tier private schools(UCC,BSS) parks, transit, and the amenities of Forest Hill Village, this is a strategic acquisition for buyers looking beyond turnkey properties and focusing on location-driven upside.
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Estimated Payment
$10,562.93/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.
603 Spadina Road, 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 $1592/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Forest Hill's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Forest Hill.
Bathroom Count Matters
With 4 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 $9,950 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.