The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Rarely Available High-Floor Suite In Prestigious Forest Hill! Welcome to Suite 1502 at the iconic Village Terraces. This beautiful 2-bedroom, 1136 sf residence offers a functional layout with large principal rooms and an abundance of natural light. Enjoy a separate, well-appointed galley kitchen featuring a breakfast area, perfect for meals and your morning coffee. The generous living and dining areas flow effortlessly, making it ideal for both relaxed living and upscale entertaining. The primary bedroom features ample closet space and easy access to a full 4-piece bathroom, while a convenient 2-piece powder room serves as the perfect guest bathroom. 1502 features en-suite laundry, large picture windows with incredible views of Lake Ontario, a private thermostat, and walkout to your large South West facing balcony. Situated in a premium building with many amenities including a 24-hour concierge, outdoor swimming pool, exercise room, sauna, outdoor BBQ and dining area, library, large party room and visitor parking. All utilities are included in your maintenance fee! Building management and security are top-notch! Unbeatable location just steps from the charm of Forest Hill Village, local cafés and restaurants, the St. Clair West subway station, excellent schools and places of worship, and the scenic trails of Cedarvale Ravine & Park. Perfect for first-time buyers, down-sizers or investors! This is an incredible opportunity to enjoy an established and vibrant community and the very best of midtown Toronto luxury living!
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$5,512/mo
Mortgage (principal + interest)$3,512
Property taxFrom listing: $4,374/yr$365
Condo feesFrom listing$1,635
Minimum $68,890 down for this price; the slider moves in whole percent, starting at 8%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$187,780
Ontario land transfer taxProvincial brackets, no first-time refund$15,253
Toronto land transfer taxMunicipal brackets, no first-time refund$15,253
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$221,086
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Toronto adds its own land transfer tax; first-time buyers can get up to $4,475 back on it.
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
