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New4 hours ago

89 Elmsthorpe Avenue

Forest Hill South, Toronto

$2,499,000

Detached|2-Storey
4 | 4 | 1
About this home

Rare 164' Deep Lot: Exceptional lot offering privacy, professionally landscaped grounds, a self-filtering pond with fountain, and potential for a future garden suite. Spacious 5-Bedroom Home: Approximately 2,000 sq. ft. above grade with 5 bedrooms and 4+ bathrooms, providing plenty of space for family living. Custom Renovated Kitchen: Beautiful eat-in kitchen featuring quartz waterfall countertops, marble flooring and new appliances. Updated Primary Ensuite: Renovated ensuite with a walk-out to the deck, creating a comfortable and private retreat. Extensive Recent Updates: New shingles (2024), furnace (2025), windows and sliding doors (2025), renovated kitchen and ensuite, fresh paint, and smart garage door opener (2026). Finished Lower Level: Flexible lower-level space with an in-law/nanny suite, luxurious new carpet and potential for a separate entrance. Outdoor & Parking Features: Private driveway, built-in garage, natural gas BBQ hookup and beautifully landscaped backyard with excellent outdoor living space. Prime Forest Hill Location: Conveniently located near top-rated schools, the Beltline Trail, TTC and Crosstown transit, Hwy 401, Yorkdale Shopping Centre and downtown Toronto.

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nest zoom realty
(416) 276-9973
TypeDetached
Style2-Storey
Approx. Age51-99
Size2000-2500 sq. ft.
Property Tax$11,078
Lot Size30.42 ft x 164.28 ft
mls© NumberC13784364
Listed ByREALTY NETWORK

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$12,791
Property tax
$923
Heat allowance
$150
Housing costs
$13,864 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $499,800
25-yr amortization

Income needed

$427,000

gross annual household income

Payment at 4%
$10,516 / mo
Cash down
$499,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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