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New51 minutes ago

297 Forest Hill Road

Forest Hill South, Toronto

$3,988,000

Detached|3-Storey
5 | 5 | 4
About this home

An Exceptional Forest Hill Opportunity - Build Your Dream HomeSet on one of Forest Hill's most prestigious and sought-after streets, this exceptional property presents a rare opportunity to secure a premium building lot measuring approximately 50.06 x 120.15 feet. With impressive curb appeal, a handsome existing façade, and an expansive three-storey residence, the property offers tremendous potential for those looking to create a spectacular custom home. Similar properties in the area have achieved approximately 6,500 sq. ft. above grade, offering an exciting opportunity to envision and build a substantial luxury residence tailored to your own design and lifestyle (subject to approvals).For those who prefer, the existing home also offers the flexibility to renovate, update and personalize, rather than build new. An existing backyard swimming pool adds further appeal and potential to this exceptional offering.Whether you choose to renovate, reimagine or build your dream home from the ground up, this is an opportunity to establish yourself on one of Toronto's most distinguished addresses.Ideally located steps to renowned private and public schools, including UCC, BSS, Bialik, Forest Hill Junior and Senior Public Schools, and Forest Hill Collegiate. Enjoy convenient access to parks, TTC, scenic trails, fine dining, and the boutiques and amenities of ForestHill Village.A rare opportunity to secure a premium property in the heart of Forest Hill and create something truly exceptional.All fireplaces are wood burning.Property and building being sold in "As Is, Where Is" condition.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style3-Storey
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$22,866
Lot Size50 ft x 120 ft
mls© NumberC14175084
Listed ByHARVEY KALLES REAL ESTATE LTD.

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$20,412
Property tax
$1,905
Heat allowance
$150
Housing costs
$22,468 / mo

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

Down payment20% · $797,600
25-yr amortization

Income needed

$691,000

gross annual household income

Payment at 4%
$16,782 / mo
Cash down
$797,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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