$2,995/mo - 171 Cedric Avenue Unit Unit 1, Forest Hill
Multi-Family for Rent in Forest Hill
160 days on market- MLS Number
- C12721594
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 160
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Welcome to a Never-Lived-in, Brand-New Luxury Fourplex, meticulously constructed by a renowned builder and ideally situated in the heart of Oakwood Village, minutes from the Subway Station, Shops on Eglinton and St. Clair, Cedarvale Park, Eglinton Station/Crosstown. Downtown Toronto, major Highways via Allen Road, and the prestigious Forest Hill neighbourhood with access to Excellent Schools including Leo Baeck and J.R. Wilcox.This lower-level 3-bedroom Residence, featuring three private Ensuite washrooms, offers a rare combination of space, comfort, and privacy. The unit benefits from TWO Separate Entrances, making it ideal for families, multigenerational living, or Hosting Guests with complete independence.Designed for modern living, the suite includes brand-new, energy-efficient appliances, ensuite laundry (LG Tower W/D), and a private Mechanical Room, with Separately Metered Hydro and Gas for FULL COST CONTROL. The building has been constructed to high energy-efficiency standards (ICF Walls), ensuring superior comfort and lower utility costs. WATER and HIGH-SPEED INTERNET as well as SNOW Removal and Lawn maintenance and Yard Cleanings are ALL included in the Rent. Professional Property Management provides Snow Removal and Lawn Maintenance Paid by Landlord, allowing Tenants to enjoy a refined, worry-free lifestyle in a completely new home that has never been lived in. Full/Partial Furniture and Parking is available for additional fees.
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.
171 Cedric Avenue Unit Unit 1, Forest Hill / Deer Park
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Rent
At $2,995/mo, this is priced below the typical 3-bedroom rent of ~$3,500/mo in Forest Hill. Well-priced rentals move fast — worth acting on. That said, let's check what's driving the lower ask: landlord flexibility, lease term restrictions, or simply a motivated landlord.
Negotiation Opportunity
At 160 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.
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.
Bathroom Count Matters
With 3 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.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.
Let's Walk Through It Together
Photos can't tell you about traffic noise, natural light at different times of day, or how well the landlord maintains the property. When we view it together, I'll assess the condition of appliances, HVAC, and finishes — and flag anything that might become a headache. I'll also help you understand the lease terms before you sign anything.