$799,888 - 463 Oakwood Avenue, Forest Hill
Semi-Detached for Sale in Forest Hill
55 days on marketNeighbourhood: Oakwood Village
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- MLS Number
- C13671326
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 55
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Taxes (2026)
- $4,941
- Listing Brokerage
- RE/MAX ULTIMATE REALTY INC.
Welcome to an exciting opportunity in the heart of Oakwood Village! Offering over 2,000 sq. ft. of total living space, this fully functioning 3-bedroom, 2-bathroom home provides plenty of room to enjoy today, along with incredible possibilities for the future. The main floor features generous living and dining areas and an eat-in kitchen with a walkout to the backyard. Reimagine the space with an open-concept design to create a bright, modern layout ideal for everyday living and entertaining. A separate entrance leads to the basement, previously used as an in-law suite, offering the potential to be converted for extended family or rental income. The second floor may also offer the opportunity to add another kitchen and create an additional living unit, opening the door to a possible multi-unit configuration. Parking is available for two vehicles, with ample space to reconfigure for plenty more spots. Although the existing garage is not currently functional, it presents even more possibilities: explore the potential for a garden suite or rebuild it as a larger double garage while still preserving plenty of backyard space. Whether you're searching for a family home, an investment opportunity or a property you can transform over time, this home is filled with exciting potential. Steps to multiple bus routes and minutes from the subway, Eglinton Crosstown LRT and major highways. Enjoy fantastic restaurants, cafés and local amenities in a welcoming, family-friendly neighbourhood close to great schools and places of worship.
Estimate your monthly payments for this property
Estimated Payment
$4,103.84/mo
Includes CMHC insurance ($22,317)
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 Oakwood Village
Oakwood Village 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 Oakwood Village
- •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
Oakwood Village 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.
463 Oakwood Avenue, 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 $727/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.
Negotiation Opportunity
At 55 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.
About Oakwood Village
I know Oakwood Village 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 $3,333 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.