287 RUSSELL HILL Road, Toronto, ON
Casa Loma, Toronto · MLS® C12884638
About this home
Exceptional 75 x 175 ft premium lot,This distinguished pink stone residence, originally built in 1913, is a rare offering in the prestigious neighbourhood of Forest Hill. Rich in history, the property once operated as the renowned Cantab College boys' school during the Depression years before being acquired by the current owners in 1985. The home was meticulously restored and thoughtfully updated, including a seamless stone-clad main floor addition that blends beautifully with the original architecture.The elegant main floor features a welcoming vestibule and grand hall, a cozy library, an entertainment-sized dining room with fireplace, and a gracious living room with bay window and fireplace. Toward the rear, a spacious open-concept kitchen, family, and recreation area with a two-way fireplace overlooks the expansive patio, garden, and swimming pool, creating an ideal setting for both everyday living and entertaining.Upstairs, the second floor offers three bedrooms, including two with ensuite baths, while the third floor provides a substantial bedroom or sitting suite with a three-piece ensuite and cedar closet. The lower level, with 7-foot ceilings, includes a gym and home theatre area with fireplace, additional living quarters, and extensive storage including a wine cellar. The home occupies only a portion of the site, presenting rare potential for future redevelopment or expansion in one of Toronto's most coveted residential enclaves. The property also includes a detached two-car garage with a pool cabana and washroom.Located minutes from two of Canada's most prestigious private schools, Upper Canada College and Bishop Strachan School, this unique residence offers a remarkable opportunity to enjoy its historic charm today while holding significant long-term potential.
Key facts
- Property type
- Detached, 3-Storey
- MLS®
- C12884638
- Bedrooms
- 6 (4 + 2)
- Bathrooms
- 7 (1 half)
- Size
- 3500-5000
- Lot
- 75 × 175 ft
- Cross streets
- ST CLAIR / SPADINA
- Parking
- 2 garage · 7 parking (detached)
- Basement
- Finished with Walk-Out
- Heating
- Radiant
- A/C
- Central Air
- Exterior
- Stone
- Foundation
- Stone
- Roof
- Shingles
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $27,760 / 2025
- Days on market
- 124
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
3 pc ensuite · walk-in closet(s) · window
2 way fireplace · w/o to deck · hardwood floor
3 pc ensuite · walk-in closet(s) · window
b/i appliances · combined w/br · w/o to deck
bay window · fireplace · hardwood floor
2 pc bath · hardwood floor
pocket doors · fireplace · hardwood floor
5 pc ensuite · walk-in closet(s) · window
3 pc ensuite · combined w/sitting · window
3 pc bath · walk-up
2 pc bath · walk-up
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairIts public catchment (Brown Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a very walkable address with everyday errands close by. St Clair Ave West at Russell Hill Rd is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Open-concept layout: modern, sought-after flow.
- Development potential: upside only if zoning permits, verify with the city before relying on it.
- Value driver
- Weigh carefully
- Lifestyle
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 7 active listings nearby.
See all comparable homesThis home lists 30% above the area average of $1,715/sqft.
123 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Casa Loma, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: St Clair Ave West at Russell Hill Rd, about 197 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $7,591,110 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $40,509
- Property tax
- $2,313
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $42,822
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $223,697
- Toronto municipal land transfer tax
- $388,364
- Estimated closing costs
- $612,061
Plus your down payment of $1,897,778. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $2,430,539
- Principal paid down
- $966,730
- Interest paid
- $1,463,809
- Balance remaining
- $6,624,381
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.