$674,000 - 500 St Clair Avenue Unit 701, Forest Hill
Condo for Sale in Forest Hill
Neighbourhood: Forest Hill South
- MLS Number
- C13467808
- Property Type
- Condo
- Status
- active
- Days on Site
- 18
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- BOSLEY REAL ESTATE LTD.
Welcome to Suite 701, a light-filled corner home with southwest exposure, an incredible wraparound terrace, and a lifestyle that's hard to find in condo living. From the moment you step inside, you're greeted by natural light pouring through floor-to-ceiling windows and a thoughtfully designed floor plan that makes every square foot count. The open-concept living and dining spaces flow seamlessly together and both offer direct access to the expansive terrace, creating the perfect balance between indoor comfort and outdoor living. The updated kitchen features quartz countertops, a breakfast bar, stainless steel appliances, and plenty of storage for those who love to cook and entertain. The true showstopper? The wraparound terrace. Rarely found in condo living, this remarkable outdoor space extends your living area beyond the walls of the home, creating the perfect setting for morning coffee, summer dinners, container gardening, or simply taking in the city skyline and sunset views. With 2 inviting bedrooms, including one with stunning unobstructed views of the CN Tower, ensuite laundry, owned parking, owned locker, and access to exceptional building amenities including a concierge, indoor pool, gym, sauna, party room, and visitor parking, this suite offers an exceptional lifestyle opportunity. Located in the heart of St. Clair West, you're just steps from Wychwood Barns, neighbourhood cafés, restaurants, parks, and all the charm that makes this community one of Toronto's most sought-after pockets. With the St. Clair streetcar at your doorstep and St. Clair West subway station just minutes away, commuting across the city couldn't be easier. A great condo is hard to find. A great condo with a terrace like this? Even harder.
Estimate your monthly payments for this property
Estimated Payment
$3,457.97/mo
Includes CMHC insurance ($18,805)
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 South
Forest Hill South 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 South
- •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 South 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 701, 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 $963/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.
Market Position
At 18 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 700 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 Forest Hill South
I know Forest Hill South 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 $2,808 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.