$549,000 - 500 St Clair Avenue Unit 1404, Forest Hill
Condo for Sale in Forest Hill
New — Listed 6 days agoNeighbourhood: Humewood-Cedarvale
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- MLS Number
- C13767268
- Property Type
- Condo
- Status
- active
- Days on Site
- 6
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Locker
- Ensuite
- Exposure
- North
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX REALTRON BARRY COHEN HOMES INC.
Sophisticated Condo Living In The Heart Of South Forest Hill, Complete With The Added Convenience Of One Underground Parking Space. Offering A Total Of 603 Sq. Ft. Including The Balcony, This Contemporary One-Bedroom Residence Delivers An Exceptional Combination Of Style, Comfort, And Connectivity. Featuring Hardwood Flooring Throughout, A Rare Walk-In Closet, Custom Window Blinds, And A Well-Appointed Kitchen With Granite Countertops And A Custom Glass Backsplash. The Included Underground Parking Space Is A Valuable Added Benefit In This Highly Connected Midtown Location. Ideally Situated Just Steps From St. Clair West Subway Station, Loblaws And Shoppers Drug Mart. With Multiple Transit Options At Your Doorstep, And Surrounded By An Excellent Selection Of Dining, Shopping, And Everyday Amenities. With BBQs Permitted And Access To The Building's Impressive Amenities, This Is An Exceptional Opportunity To Enjoy Refined South Forest Hill Living With The Benefit Of Dedicated Parking.
Estimate your monthly payments for this property
Estimated Payment
$2,816.65/mo
Includes CMHC insurance ($15,317)
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 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
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.
500 St Clair Avenue Unit 1404, 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
Fair Market Value
At $1098/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.
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 500 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.
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 $2,288 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.