$2,235,000 - 240 Heath Street Unit 1401, Forest Hill
Condo for Sale in Forest Hill
Popular ListingNeighbourhood: Forest Hill South
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- MLS Number
- C13814718
- Property Type
- Condo
- Status
- active
- Days on Site
- 12
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,600 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Taxes (2025)
- $6,191
- Maintenance Fees
- $2,590/mo
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Downsizing Doesn't Have To Feel Like Downsizing In Forest Hill. Welcome To Over 1,700 Sq. Ft. Of Exceptional, Turnkey Luxury Living In The Heart Of Forest Hill Village. Completely Reimagined And Designed By Renowned Interior Designer Rosen+Co., This Sophisticated 2-Bedroom, 2-Bathroom Residence Combines The Space And Comfort Of A Home With The Ease Of Condo Living.A Coveted Southwest Exposure And Massive Windows Flood The Suite With Natural Light, Creating A Bright And Airy Feel Throughout. The Expansive Open-Concept Living And Dining Areas Are Ideal For Everyday Living And Entertaining, Featuring Extensive Custom Built-Ins, Exceptional Closet And Storage Space, Motorized Hunter Douglas Blinds And A Striking Electric Steam Fireplace.The Designer Kitchen Is A Showpiece With A Waterfall Stone Island, Premium Miele Appliances, Integrated Fridge/Freezer And Built-In Wine/Beverage Fridge.The Generous Primary Suite Features Extensive Custom Storage And A Spa-Inspired Ensuite With Heated Floors, Double Shower, Built-In Bench And Large Vanity Counter. A Spacious Second Bedroom And Beautifully Finished Second Bathroom Provide Flexibility For Guests, Family Or A Home Office.Step Outside To The Large Open Balcony, Extending The Living Space And Providing The Perfect Spot To Enjoy The Southwest Exposure. Parking with EV charger And Locker Complete This Truly Turnkey Offering. All Of This Just Steps From The Shops, Cafés And Restaurants Of Forest Hill Village, With Convenient Access To The Subway, The St. Clair Streetcar, Parks And Everything Midtown Toronto Has To Offer. Beyond The Suite, The Building Offers A Welcoming Atmosphere And A Strong Sense Of Community-A Place Where Neighbours Know Neighbours And It Truly Feels Like Home. Over 1,700 Sq. Ft. Of High-End Luxury Living. Exceptional Design. Incredible Natural Light. Outstanding Storage. Bonus, Universal EV Charger installed in Parking Stall. A Wonderful Sense Of Community. Simply Move In And Enjoy.
Estimate your monthly payments for this property
Estimated Payment
$9,886.16/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.
240 Heath Street Unit 1401, 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
Premium Pricing
At $1397/sqft, this property is priced above the Forest Hill average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
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 $2590/month fees should cover building insurance, common elements, and reserve contributions.
About Forest Hill South
I know Forest Hill South 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 $9,313 (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.