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.
Welcome to 7 Ridgewood Rd, Forest Hill - an exceptional custom-built residence that sits on an expansive 61 x 252 ft ravine lot on quiet culdesac. Backing onto the Cedarvale Ravine, this sophisticated home offers 5+1 bedrooms and 6 bathrooms with 10-ft ceilings, two staircases, gleaming hardwood floors and exquisite high-end finishes including Venetian glass panels, Mother of Pearl accents and silk-upholstered walls. The gourmet kitchen features built-in stainless steel appliances, a large centre island and breakfast area. Elegant formal living room with fireplace and picture window. Beautiful glass sunroom with heated floors and relaxing views of nature. The luxurious primary suite features a walkout to the balcony, walk-in closet and grand 5-piece ensuite with soaker tub and separate glass shower. Finished attic space offers a bedroom, bathroom and living area. Finished walk-out basement has a recreation room, gym, hot tub, sauna and live-in nanny suite. A multilevel rear extension maximizes the home's living space & is complemented by a 2021-installed elevator providn easy access to all levels. Private backyard oasis with patio and water feature, surrounded by lush natural beauty. An extraordinary opportunity to live in one of Toronto's most coveted neighbourhoods with the ravine as your backyard.
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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$24,614/mo
Mortgage (principal + interest)$21,698
Property taxFrom listing: $34,997/yr$2,916
Minimum 20% ($1,160,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. 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$1,160,000
Ontario land transfer taxProvincial brackets, no first-time refund$131,475
Toronto land transfer taxMunicipal brackets, no first-time refund$211,975
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$1,506,250
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.
