$1,599,000 - 480 Vaughan Road, Forest Hill
Detached for Sale in Forest Hill
160 days on market- MLS Number
- C12546636
- Property Type
- Detached
- Status
- active
- Days on Site
- 160
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Step inside this beautifully updated 3-bedroom detached home, offered fully furnished for an effortless turnkey move-in. Bright,open interiors flow seamlessly through the main living, dining, and kitchen spaces. This is ideal for daily life or entertaining,while the newly finished lower level features a separate entrance, kitchen, 3-piece bath, and full laundry, providing flexibility for rental potential, an in-law suite, or extra space for a growing family.Outside boasts two decks, both with high privacy fences. The main floor deck offers plenty of entertaining space complete with a jacuzzi. The upper deck off the master offers a private escape for a morning coffee or quiet read. The rare triple carport easily fits three cars, or even four Minis if you line them up just right!Located adjacent to Cy Townsend Park and minutes to Cedarvale Park, this home offers community charm and unbeatable convenience. Walk to great schools including JR Wilcox and Leo Baeck Day School, neighbourhood shops and cafes. Getting around the city doesn't get much easier with access to Eglinton West and St. Clair West Subway stations, LRT, buses orStreetcar.A stylish, move-in-ready home ideal for first-time buyers, families, or investors seeking a turn-key opportunity in one of midtown's most connected neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$7,072.92/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.
480 Vaughan Road, 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 $1066/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 160 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $6,663 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.