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New3 hours ago

380 Spadina Road

Forest Hill South, Toronto

$3,450,000

Detached|2-Storey
5 | 3 | 5
About this home

Rare Forest Hill Investment & Development Opportunity. Positioned on one of Toronto's most prestigious residential corridors, 380 Spadina Road offers an exceptional combination of immediate rental income, substantial land value, and long-term redevelopment potential. Located just north of Casa Loma, this prominent property is currently improved with a substantial seven-bedroom residence and is fully tenanted, providing income from day one while future plans take shape.Set behind a distinguished grey stone and red brick façade, the property delivers impressive street presence, mature landscaping, and the character expected of this coveted Forest Hill setting. Investors can maintain the existing income-producing asset, while future opportunities may include a luxury estate conversion, enhancement of the existing residence, redevelopment of the carriage house for additional income, or a larger-scale redevelopment strategy, subject to approvals. With strong frontage, an established executive neighbourhood, and proximity to transit, premier schools, parks, Casa Loma, downtown Toronto, and the city's financial and cultural districts, the property offers both strategic flexibility and enduring location value.An increasingly rare opportunity to secure a prominent Forest Hill property where income, land, location, and future potential converge.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$8,432
Lot Size27 ft x 125 ft
mls© NumberC13876896
Listed ByCOSMOPOLITAN REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$17,659
Property tax
$703
Heat allowance
$150
Housing costs
$18,511 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $690,000
25-yr amortization

Income needed

$570,000

gross annual household income

Payment at 4%
$14,518 / mo
Cash down
$690,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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