$999,900 - 78 Clovelly Avenue, Forest Hill
Detached for Sale in Forest Hill
51 days on market- MLS Number
- C13054428
- Property Type
- Detached
- Status
- active
- Days on Site
- 51
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Listing Brokerage
- RE/MAX HALLMARK CHAY REALTY
Top reasons you will love this home! Offering major exterior updates already taken care of, this property is a rare opportunity. Whether you are looking to renovate to your exact tastes, build equity, or capitalize on its income potential, this home provides the perfect foundation. The traditional second-floor layout features three bedrooms and a full bathroom. Notably, one of the bedrooms was formerly a second-floor kitchen, a unique feature that leaves behind plumbing rough-ins, opening the door for an easy upstairs laundry room or a multi-unit conversion. The home is freshly painted and boasts significant big-ticket improvements, giving you peace of mind. INCOME & IN-LAW POTENTIAL: The finished basement is perfectly set up for a future suite, featuring a second bathroom, a separate side entrance, and a walk-up directly to the backyard. AMPLE PRIVATE PARKING: A long driveway comfortably fits up to 4 cars tandem. DETACHED GARAGE & LANEWAY: A single-car garage sits at the rear with highly sought-after laneway access offering incredible convenience and future laneway suite potential (buyer to verify). BIG TICKET UPDATES COMPLETE: The heavy lifting is done! Enjoy newer windows throughout, a newer main roof (replaced a few years ago), and a freshly shingled garage roof (3 years ago). MOVE-IN READY CONDITION: Freshly painted from top to bottom, allowing you to comfortably live or rent the space. Perfectly situated in a vibrant and connected community, this home is just minutes from excellent local schools, beautiful parks, and everyday conveniences. Enjoy easy access to public transit, cozy local cafes, and nearby shopping. Don't miss this incredible opportunity to own a home in this desirable neighbourhood! Book your showing today.
Estimate your monthly payments for this property
Estimated Payment
$5,130.01/mo
Includes CMHC insurance ($27,897)
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.
78 Clovelly Avenue, 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
Fair Market Value
At $909/sqft, this property is priced in line with current Forest Hill market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 51 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.
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 $4,166 (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.