$2,600,000 - 89 Elmsthorpe Avenue, Forest Hill
Detached for Sale in Forest Hill
New — Listed 2 days ago- MLS Number
- C13264484
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Listing Brokerage
- REALTY NETWORK
Welcome to 89 Elmsthorpe, a spacious family home in prestigious Chaplin Estates/Forest Hill on an exceptional 164' deep lot, offering nearly 2,0200 sq. ft. above grade. This 5-bedroom, 4+ bath home features a renovated custom eat-in kitchen with quartz waterfall counters, marble finishes, and new appliances; a primary suite with walk-out to deck, walk-in closet, and renovated ensuite; hardwood floors throughout the main living areas; and a finished lower-level with in-law/nanny suite potential and separate side entrance. Recent upgrades include a new shingles (2024), furnace(2025), windows and sliding doors (2025), smart garage door opener (2026), renovated kitchen and ensuite, and fresh paint. Enjoy a professionally landscaped backyard with pond, fountain, gas BBQ hookup, private driveway, and built-in garage with kitchen access. Ideally located near top schools, the Kay Gardner Beltline, TTC Crosstown,Eglinton Way shops, Allen Rd., Hwy 401, Yorkdale, and downtown.INVESTORS PLEASE NOTE: purchase the home directly or acquire the holding corporation. The deep lot may allow for a future garden suite while maintaining privacy.A pleasure to view, exceptional to call home.
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Estimated Payment
$11,500.68/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.
89 Elmsthorpe 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
Premium Pricing
At $1300/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 $10,833 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.