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New3 hours ago

55 Elderwood Drive

Forest Hill South, Toronto

$3,695,000

Detached|2 1/2 Storey
4 | 3 | 3
About this home

Welcome to life in one of Canada's most desirable sought-after neighbourhoods - Forest Hill South. Considered to be an ideal family home, this is truly a wonderful and rare opportunity to plant your roots in one of Toronto's most affluent and sought-after neighbourhoods. This charming 4+1 bedroom home has it all - Gleaming hardwood floors, private office, luxury panelled appliances, lots of space for storage, and a spacious, fully customizable basement with 9' ceilings & radiant heating in the floor. Among the amazing features offered are a Subzero refrigerator/freezer; Wolfe induction cooktop with a pop-up range hood; built-in Dacor wall oven, warming drawer and microwave; Insinkerator Garburetor, Metalex security screen doors, built-in speakers, central vacuum, an huge composite deck, LG washer and dryer, and a lot more. Surrounded by mature, beautiful trees, and located conveniently within walking distance to world-class private schools including Upper Canada College, Bishop Strachan School, Forest Hill Jr & Sr School; Beth Tzedec, Cedarvale Park, TTC Routes, and all the amazing shoppes and restaurants on Eglinton and in Spadina Village. Don't miss this amazing chance to become a part of this amazing, vibrant community.

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nest zoom realty
(416) 276-9973
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$17,518
Lot Size44 ft x 104 ft
mls© NumberC14125998
Listed ByENGEL & VOLKERS TORONTO CITY

Listing History

  • No recent sale history for this listing.
  • 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%
$18,913
Property tax
$1,460
Heat allowance
$150
Housing costs
$20,522 / mo

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

Down payment20% · $739,000
25-yr amortization

Income needed

$631,000

gross annual household income

Payment at 4%
$15,549 / mo
Cash down
$739,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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