$9,999,000 - 861 Avenue Road, Forest Hill
Land for Sale in Forest Hill
New — Listed yesterdayNeighbourhood: Yonge-Eglinton
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- MLS Number
- C13788598
- Property Type
- Land
- 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
Situated at the prestigious southeast corner of Avenue Road and Chaplin Crescent in the heart of Forest Hill South, 861 Avenue Rd represents a rare, fully approved premier development site primed for an ultra-luxury residential landmark. Envisioned by the renowned architect Richard Wengle, this fully approved project introduces an exclusive collection of 9 sophisticated, freehold executive townhomes spanning an approximate gross floor area of 25,694 SF over four storeys. The master-planned design divides the development into two distinct blocks accessed by a shared driveway, ensuring an intimate, secure, and low-density enclave layout. Engineered for premium lifestyle appeal, each of the nine residences is thoughtfully configured with its own at-grade, private two-car garage and a spacious rooftop terrace offering private outdoor areas overlooking the treetops. The property boasts an unparalleled location, nestled directly alongside the scenic Kay Gardner Beltline trail, Oriole Park, Forest Hill Rd Park, and within short walking distance of Canada's most elite private schools, including Upper Canada College and The Bishop Strachan School. Combining the tranquil prestige of a historic neighbourhood with seamless urban connectivity, this shovel-ready asset offers effortless access to both Davisville station on Line 1 and the Avenue station on the Line 5 Eglinton Crosstown, positioning it as an exceptional investment ideally suited to discerning buyers, professionals, downsizers, and families seeking proximity to Midtown Toronto's leading private schools and amenities.
Estimate your monthly payments for this property
Estimated Payment
$44,228.95/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 Yonge-Eglinton
Yonge-Eglinton 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 Yonge-Eglinton
- •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
Yonge-Eglinton 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.
861 Avenue Road, Forest Hill / Deer Park
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Key factors for evaluating this land parcel
Land Due Diligence Checklist
· Confirm zoning designation and all permitted uses
· Verify servicing (water, sewer, hydro) at lot line
· Order a Phase 1 Environmental Site Assessment
· Obtain an up-to-date survey (boundaries, easements)
· Review development charges and levies with the municipality
· Consult a land use planner on development feasibility
Commercial Financing Note
Land financing typically requires 35–50% down with specialized lenders. Carrying costs (taxes, interest) accumulate during any approval or development process — factor these into your feasibility.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Zoning & Permitted Use
Before anything else, I'd confirm the current zoning designation and what's permitted on this land. Zoning dictates everything: residential subdivision, commercial development, agricultural use, or mixed. The Forest Hill planning department can also tell you what, if any, Official Plan amendments are in progress that could affect the permitted uses.
Just Listed — Land Takes Time
This parcel just came to market. Unlike homes, land transactions rarely have the same urgency — buyers need time for due diligence: surveys, environmental reports, and planning consultations. Don't let "just listed" pressure you into skipping proper diligence.
Servicing & Infrastructure
A key question for any land purchase: is it serviced (municipal water, sewer, gas, hydro at the lot line) or unserviced? Bringing services to an unserviced parcel can cost $50,000–$500,000+ depending on proximity and Forest Hill's development charges. This can make or break a project's feasibility.
Environmental & Survey
I always recommend a Phase 1 Environmental Site Assessment for land purchases — it checks for historical contamination from prior uses. If the Phase 1 flags anything, a Phase 2 (soil sampling) follows. Also budget for an up-to-date survey, which confirms boundaries, easements, and encroachments.
Development Approval Timeline
If you're buying with development in mind, factor in the approval timeline. Minor variance: 3–6 months. Site plan approval: 6–18 months. Official Plan amendment or rezoning: 1–3+ years. These timelines directly affect your carrying costs — property taxes and financing accumulate the entire time. Having an experienced planner and real estate lawyer on your team from day one matters.
Let's Walk Through It Together
Evaluating land requires a different lens than buying a home. I'll walk the site with you, help you ask the right questions of the listing agent, and connect you with the right professionals — planners, environmental consultants, commercial lawyers — to make sure you know exactly what you're buying before you commit.