$1,200,000 - 342 Glenholme Avenue, Forest Hill
Detached for Sale in Forest Hill
69 days on market- MLS Number
- C13058468
- Property Type
- Detached
- Status
- active
- Days on Site
- 69
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Listing Brokerage
- EXP REALTY
Welcome to 342 Glenholme Avenue, a beautifully renovated 3+1 bedroom, 3 bathroom home in one of Toronto's most vibrant and family-friendly neighbourhoods. Thoughtfully updated and filled with natural light, this property offers the perfect blend of stylish living, income potential, and future opportunity. Main features a bright, functional layout with hardwood flooring throughout, generous principal rooms. Renovated Bathrooms with an additional one added on main floor. The separate entrance leads to a self-contained 1 bedroom basement apartment complete with its own kitchen, creating an ideal opportunity to generate rental income while living comfortably in the upper unit.Set on a property with a large backyard, this home also offers exciting potential for a future garden suite or even a 4-plex redevelopment opportunity. Parking for 4 vehicles, including 1 street permit. Located in a fantastic neighbourhood, you are within walking distance to parks, TTC public transit, shopping, restaurants along Eglinton and St. Clair West, Cedarvale Ravine and Park nature trails, outdoor tennis courts, sports fields, and an off-leash dog park. Just a short walk to TTC and the Eglinton LRT, this location offers exceptional lifestyle and connectivity.A rare opportunity to own a move-in-ready home with income potential and long-term upside in a great Toronto location.
Estimate your monthly payments for this property
Estimated Payment
$5,308.00/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 / 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.
342 Glenholme Avenue, Forest Hill / Deer Park
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Rental income estimator & ROI calculator
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 $1091/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.
Negotiation Opportunity
At 69 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.
Detached Home Advantages
Detached homes in Forest Hill are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Forest Hill. Good resale value as demand remains consistent.
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.
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 $5,000 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.