500 St Clair Avenue, Toronto C03

Price: $50,000

0 bedrooms, 0 bathrooms

Property Type: Condo

MLS#: C13788784

Rare opportunity to purchase an owned underground parking space at The Forest Hill. Purchaser must be a registered owner within the 500 and 530 St Clair Ave W condominium community, subject to confirmation of eligibility under the condominium declaration, by-laws and rules.

500 St Clair Avenue - Condo photo 1 of 1 in Forest Hill / Deer Park, Ontario
active
New Listing
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$50,000 - 500 St Clair Avenue, Forest Hill

Condo for Sale in Forest Hill

New — Listed yesterday

Neighbourhood: Humewood-Cedarvale

0Beds
0Baths
N/ASq Ft
Condo

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Property Details
MLS Number
C13788784
Property Type
Condo
Status
active
Days on Site
1
Bedrooms
0
Bathrooms
0
Square Feet
N/A sqft
Neighbourhood
Forest Hill / Deer Park
Listing Brokerage
SOTHEBY'S INTERNATIONAL REALTY CANADA
Description

Rare opportunity to purchase an owned underground parking space at The Forest Hill. Purchaser must be a registered owner within the 500 and 530 St Clair Ave W condominium community, subject to confirmation of eligibility under the condominium declaration, by-laws and rules.

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Estimate your monthly payments for this property

Estimated Payment

$256.53/mo

Includes CMHC insurance ($1,395)

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5-yr fixed avg.

Principal: $45,000Interest: $30,563
Mortgage Amount$46,395
Total Interest$30,563
Est. Property Tax$35/mo
Total Cost$76,958

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.

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Neighbourhood Guide: Humewood-Cedarvale

Discover Humewood-Cedarvale

Humewood-Cedarvale 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 Humewood-Cedarvale

  • 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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

Humewood-Cedarvale 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.

70
Walk Score
Varies
Price Range

500 St Clair Avenue, Forest Hill / Deer Park

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,760/mo
Range: $2,346 - $3,174
Cap Rate (ROI)
41.8%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,760
Maintenance Fees-$975
Property Tax (est.)-$35
Insurance (est.)-$10
Net Cash Flow+$1,740

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Just Listed - Act Strategically

This property hit the market within the last week. In Forest Hill's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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. We'll want to verify the monthly fees and what they include.

Efficient Living

At 0 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

About Humewood-Cedarvale

I know Humewood-Cedarvale 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.

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.

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    500 St Clair Avenue | $50,000 | Battaglia Team