$899,000 - 500 St Clair Avenue Unit 402, Forest Hill
Condo for Sale in Forest Hill
New — Listed 2 days agoNeighbourhood: Humewood-Cedarvale
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- MLS Number
- C13857534
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Taxes (2026)
- $4,934
- Maintenance Fees
- $938/mo
- Locker
- Owned
- Exposure
- South West
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rarely Offered Penthouse-Style Oasis in Forest Hill! Feel Right At Home in This Custom-Designed 2-Bedroom, 2-Bathroom Sanctuary by Renowned Celebrity Interior Designer Amanda Forrest. This Bright Sun Filled Suite Offers Over 2,500 Sq Ft of Combined Indoor/Outdoor Living (~905 Sq Ft Interior + Rare Up To 1,600 Sq Ft Private Exclusive Use Southwest Entertainment Terrace).Renovated at Over $100,000, Every Room is Bathed in Natural Light. This Corner Unit Offers Floor-to-Ceiling Windows Across the Living Room & Both Bedrooms. Step Outside to Your Expansive Outdoor Oasis to Enjoy Breathtaking Sunrise & Sunset Views! Direct Terrace Access from the Living Area, 2nd Bedroom, AND Primary Bedroom via a Dedicated Private Walkout Connecting to the Main Terrace. The Dining Area Features a Custom Caesarstone Island with Built-In Cupboards & Seating for 6, Adjacent to a Chef's Kitchen with Granite Countertops & Stainless Steel Appliances.The Primary Suite Boasts Floor-to-Ceiling Windows, Walk-In Closet with Custom Built-Ins, & 3-Piece Ensuite Featuring a Glass Shower, Wraparound Countertop, & Mirrored Cabinet. The Versatile 2nd Bedroom Functions as an Executive Office/Flex Space with Custom Queen Murphy Bed Wall Unit. Complete Peace of Mind with BOTH HVAC Heat Pumps Recently Replaced!Full Building Amenities Include 24-Hour Concierge, Indoor Pool, Sauna, Gym, Guest Suites, Media Room, Party Room, & Visitor Parking. Prime St. Clair West Location Steps to Forest Hill Village With its Boutique Shops, High-end Cafes, Specialty Bakeries, St Clair West Dining & Market District Offering Upscale Grocery Markets, Artisanal Coffee Shops, Fitness Studios, and Local Dining Spots. Cedarvale Park, Wychwood Barns, Sir Winston Churchill Park, & Nordheimer Ravine Trails. Conveniently Located Close to Loblaws, Shoppers Drug Mart and the St. Clair Streetcar Outside the Building with the St. Clair West Subway Minutes Away. Status Certificate Ordered!
Estimate your monthly payments for this property
Estimated Payment
$4,612.34/mo
Includes CMHC insurance ($25,082)
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 402, 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 $999/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. The $938/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 900 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 $3,746 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.