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New2 hours ago

16 Elderwood Drive

Forest Hill South, Toronto

$3,990,000

Detached|2-Storey
5 | 5 | 5
About this home

Elegance on a Rare 60-Foot Lot in Forest Hill South Ideally positioned on a premium 60-foot frontage in one of Toronto's most prestigious neighborhoods, this renovated residence blends timeless architecture with modern comfort. The main floor offers formal living and dining rooms with French doors and expansive windows that fill the home with natural light. An inviting family room with fireplace anchors the heart of the home, while the updated kitchen features newer appliances and ample space for everyday living and entertaining. With five generously sized bedrooms and five upgraded bathrooms, including a primary suite with a 6-piece ensuite, every detail speaks to thoughtful design and functionality. Highlights include hardwood floors and pot lights throughout, a finished basement with a separate entrance, and a self-contained second-floor Suite ideal for extended family, guests, or added income potential. Located within walking distance to Forest Hill Village, top-rated public and private schools, parks, restaurants, shops, and transit, this is a rare opportunity to own a beautifully upgraded home on one of Forest Hill South's most sought-after streets.

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agent
Mahta Nourbakhsh
(416) 953-9580
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$20,629
Lot Size59.51 ft x 105.15 ft
mls© NumberC13815398
Listed ByRE/MAX HALLMARK REALTY LTD.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$20,423
Property tax
$1,719
Heat allowance
$150
Housing costs
$22,292 / mo

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

Down payment20% · $798,000
25-yr amortization

Income needed

$686,000

gross annual household income

Payment at 4%
$16,791 / mo
Cash down
$798,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

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