$3,650,000 - 106A Richview Avenue, Forest Hill
Land for Sale in Forest Hill
46 days on marketNeighbourhood: Forest Hill South
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- MLS Number
- C13704330
- Property Type
- Land
- Status
- active
- Days on Site
- 46
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Forest Hill / Deer Park
- Taxes (2026)
- $15,622
- Listing Brokerage
- PROMPTON REAL ESTATE SERVICES CORP.
Exceptional opportunity to build in prestigious Forest Hill South. This property is being offered with fully approved and issued building permits for a spectacular modern residence designed by acclaimed architect Richard Wengle, allowing construction to commence immediately. The approved plans feature approximately 7,719 sq. ft. of total living space, including approximately 2,485 sq. ft. on the lower level, with a thoughtfully designed 4+1 bedroom, 6 bathroom layout featuring a private elevator, gym, sauna, spa area, recreation room and striking contemporary architecture. A rare opportunity to bypass the lengthy design and municipal approval process and begin building a remarkable custom home in one of Toronto's most coveted neighbourhoods. Ideally located near UCC, BSS, Forest Hill Jr. & Sr. PS and FHCI, with convenient access to Forest Hill Village, parks, transit and downtown. Architectural plans, approved permit drawings and comprehensive interior design drawings available to qualified purchasers upon execution of an NDA. VTB financing may be available to qualified purchasers. Property is currently vacant land. Images depicting the proposed residence are architectural renderings for illustration purposes only and do not represent an existing structure.
Estimate your monthly payments for this property
Estimated Payment
$16,145.18/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 South
Forest Hill South 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 South
- •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 South 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.
106A Richview Avenue, Forest Hill / Deer Park
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Key factors for evaluating this land parcel
Land Due Diligence Checklist
· Confirm zoning designation and all permitted uses
· Verify servicing (water, sewer, hydro) at lot line
· Order a Phase 1 Environmental Site Assessment
· Obtain an up-to-date survey (boundaries, easements)
· Review development charges and levies with the municipality
· Consult a land use planner on development feasibility
Commercial Financing Note
Land financing typically requires 35–50% down with specialized lenders. Carrying costs (taxes, interest) accumulate during any approval or development process — factor these into your feasibility.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Zoning & Permitted Use
Before anything else, I'd confirm the current zoning designation and what's permitted on this land. Zoning dictates everything: residential subdivision, commercial development, agricultural use, or mixed. The Forest Hill planning department can also tell you what, if any, Official Plan amendments are in progress that could affect the permitted uses.
Extended Time on Market — Potential Leverage
At 46 days, this land has been sitting. That's actually common for vacant land — buyers are fewer and diligence takes time. But if it's been listed much longer than comparable parcels, there may be a zoning, servicing, or environmental issue the seller hasn't disclosed. I'd want to understand why it hasn't sold.
Servicing & Infrastructure
A key question for any land purchase: is it serviced (municipal water, sewer, gas, hydro at the lot line) or unserviced? Bringing services to an unserviced parcel can cost $50,000–$500,000+ depending on proximity and Forest Hill's development charges. This can make or break a project's feasibility.
Environmental & Survey
I always recommend a Phase 1 Environmental Site Assessment for land purchases — it checks for historical contamination from prior uses. If the Phase 1 flags anything, a Phase 2 (soil sampling) follows. Also budget for an up-to-date survey, which confirms boundaries, easements, and encroachments.
Development Approval Timeline
If you're buying with development in mind, factor in the approval timeline. Minor variance: 3–6 months. Site plan approval: 6–18 months. Official Plan amendment or rezoning: 1–3+ years. These timelines directly affect your carrying costs — property taxes and financing accumulate the entire time. Having an experienced planner and real estate lawyer on your team from day one matters.
Let's Walk Through It Together
Evaluating land requires a different lens than buying a home. I'll walk the site with you, help you ask the right questions of the listing agent, and connect you with the right professionals — planners, environmental consultants, commercial lawyers — to make sure you know exactly what you're buying before you commit.