$945,000 - 2 Edith Drive Unit 508, Forest Hill
Condo for Sale in Forest Hill
Popular ListingNeighbourhood: Yonge-Eglinton
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- MLS Number
- C13817882
- Property Type
- Condo
- Status
- active
- Days on Site
- 11
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Taxes (2026)
- $4,435
- Maintenance Fees
- $1,379/mo
- Locker
- Exclusive
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Welcome To The Movado At 2 Edith Dr. A Fabulous Low-Rise Boutique Condo In The Yonge & Eglinton Neighbourhood. It Is Very Rare That This Corner Unit, Just Shy Of 1100 Sq-Ft 2 Bed, 2 Bath With An Open Concept And Split Bedroom Floorplan At Yonge And Eg Comes Available.This Unit Has Been Upgraded With New Custom Kitchen Cabinets And Appliances, Additional Storage Cabinets, 9' Smooth Finished Ceilings, Crown Mouldings And New Luxury Vinyl Flooring. The Primary Bedroom Is A Great Size With A Walk In Closet And Upgraded 4-Piece Ensuite. The Shower Rivals Those Found In Custom-Built Homes. Laundry Is In The Unit With A Newer Full-Size Washer And Dryer. Another Fabulous Feature Is A Fantastic Balcony That Faces North-West Looking Over A Canopy Of Trees (Not Eglinton Ave) That Gives You A Lot Of Privacy. This Unit Also Comes With a Parking Spot And Locker. The Building Amenities Have a Gym, Party/Meeting Room And Bbq Area. Awesome Eglinton Park And North Toronto Community Centre Are Right Around The Corner. You Are Only A 5-Minute Walk To The Corner Of Yonge And Eglinton, Where You Can Hop On The TTC Subway Or The LRT. There Are Tons Of Retail Shops, Restaurants, Grocery Stores And Medical Offices Up And Down Yonge St And Across Eglinton Ave. However, When You Just Need A Few Basics, There Is A Convenience Store And Dry Cleaners Right Across The Street. Another Big Plus Is You Don't Need To Wait Forever For An Elevator Like In Many Of The 30-40 Storey Plus High Rises. Maint Fees Include: Heat, Hydro, Water, Central AC - Pets Allowed With Some Restrictions.
Estimate your monthly payments for this property
Estimated Payment
$4,848.34/mo
Includes CMHC insurance ($26,366)
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 Yonge-Eglinton
Yonge-Eglinton 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 Yonge-Eglinton
- •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
Yonge-Eglinton 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.
2 Edith Drive Unit 508, 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
Fair Market Value
At $945/sqft, this property is priced in line with current Forest Hill market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. The $1379/month fees should cover building insurance, common elements, and reserve contributions.
About Yonge-Eglinton
I know Yonge-Eglinton well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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 $3,938 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.