$995,000 - 701 Oriole Parkway, Forest Hill
Detached for Sale in Forest Hill
41 days on market- MLS Number
- C13088906
- Property Type
- Detached
- Status
- active
- Days on Site
- 41
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Exceptional opportunity in the highly coveted Allenby Jr PS district in prime midtown Toronto. Rare 28.4' x 112.7' lot backing directly onto Eglinton Park with open, unobstructed views and a mature tree-lined setting that offers both privacy and the feel of no rear neighbours-an incredibly rare feature in this established family neighbourhood. Whether you are an end-user looking to build your dream home or a buyer ready to renovate, this property presents outstanding potential in a premier location. Being sold in "as is, where is" condition, this 2-storey detached home requires renovation but offers a significant advantage with approved plans and permits already in place. Build with confidence using city-approved drawings for a major 3-level addition/renovation totalling approximately 2,264 sq ft plus a finished walk-out basement-providing a rare turnkey opportunity to begin construction immediately without the time and uncertainty of the approvals process. Incredible flexibility to renovate, add on, or build new to suit your vision. The lot configuration and rear access also present the potential for a future garden suite (buyer to verify), further enhancing long-term value. Steps to top-rated schools, parks, and the vibrant Yonge & Eglinton corridor, with easy access to transit, shops, restaurants, and everyday amenities. A rare offering combining premium park backing, approved permits, and exceptional potential-an ideal canvas to create a custom home in one of Toronto's most desirable neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$5,104.87/mo
Includes CMHC insurance ($27,761)
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.
701 Oriole Parkway, 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
Competitive Pricing
At $498/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 41 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 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 $4,146 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.