$2,795,000 - 64 Heathdale Road, Forest Hill
Detached for Sale in Forest Hill
56 days on market- MLS Number
- C13002716
- Property Type
- Detached
- Status
- active
- Days on Site
- 56
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Listing Brokerage
- ROYAL LEPAGE/J & D DIVISION
Customize, Renovate or Build New - A Rare Opportunity on Heathdale Rd in Prime Cedarvale! Nestled on a 50 X 151-foot lot (irregular - not all table land) overlooking the ravine, this 6-bedroom, 3-bathroom side-hall home is full of potential. Whether you choose to restore its original charm or design a brand-new masterpiece, this is your chance to create the perfect home in one of the city's most coveted neighborhoods. Step into the expansive living room, where sunlight pours in through the south-facing bay window, illuminating original hardwood floors. An elegant dining room features a French door that opens to a covered deck overlooking the expansive backyard. A quaint kitchen offers triple casement windows and the opportunity to craft a dream chef's kitchen overlooking the ravine. The second floor boasts a wide, paneled staircase leading to four generous bedrooms and a family bathroom. The primary bedroom features a wood-burning fireplace (currently inoperable). A second bedroom opens onto a sunroom with elevated views of the backyard and ravine. The third level is a hidden gem, featuring two additional bedrooms and a private bathroom. This could be transformed into a guest retreat or artist's loft. The lower level offers potential for additional living space and includes a laundry room. Outside, the driveway accommodates two vehicles and offers an attached garage with space for a third vehicle. The wide backyard provides a rare blend of nature and city living. This 1925 original is being sold as-is, presenting a unique opportunity to renovate or rebuild in one of Toronto's most sought-after neighborhoods. Located in the Cedarvale Community and Forest Hill Collegiate school districts, this property boasts access to a gorgeous park and ravine walk. Don't miss your chance to create the home of your dreams in Prime Cedarvale!!
Estimate your monthly payments for this property
Estimated Payment
$12,363.23/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.
64 Heathdale 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 $1398/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 56 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.
Excellent Flexibility
With 6 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 3 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 $11,646 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.