$999,900 - 260 Heath Street Unit 503, Forest Hill
Condo for Sale in Forest Hill
Neighbourhood: Forest Hill South
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- MLS Number
- C13815574
- Property Type
- Condo
- Status
- active
- Days on Site
- 15
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Taxes (2026)
- $5,716
- Maintenance Fees
- $1,998/mo
- Locker
- Exclusive
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- PROPERTY.CA INC.
With just over 1,400 sq. ft. of generous living space in the heart of Forest Hill South, this is a property that could make sense for so many different stages of life. This 2 bedroom, 2 bathroom suite has the kind of proportions that are increasingly hard to find, with large principal rooms, plenty of storage, two lockers and space to truly spread out. The living and dining areas are made for both comfortable everyday living and hosting family and friends, while the kitchen offers room to sit down and enjoy your morning coffee. Wood flooring throughout and two updated bathrooms add to the appeal, while the private balcony gives you your own outdoor space. Village Terraces is an established, well managed condominium with 24 hour security, an outdoor pool, BBQ area and plenty of visitor parking. And when we say easy living, we mean it: ALL utilities are included in the maintenance fees, even cable and internet. And then there's the neighbourhood. Forest Hill Village is just around the corner, putting coffee shops, restaurants, groceries, boutiques and everyday essentials within an easy walk. When you want to trade the city for the trees, Cedarvale Ravine and its trails are close by. And when you need to get somewhere, St. Clair West subway station is literally steps from your front door. Space to live and a neighbourhood to love.
Estimate your monthly payments for this property
Estimated Payment
$5,130.01/mo
Includes CMHC insurance ($27,897)
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.
260 Heath Street Unit 503, 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
Competitive Pricing
At $714/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 15 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 $1998/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 $4,166 (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.