7 Ridgewood Road, Toronto, ON
Forest Hill South, Toronto · MLS® C12929074
About this home
This expansive, four +2, bedroom home, sits on a rare and immense 61' x 252.5' ravine lot, minutes from the city's finest amenities. This Forest Hill home features interiors curated by Eric McLelland of Fleurs d'Lis Design. Defined by soaring 10-foot ceilings, the home showcases unique, high-end finishes, including Venetian Glass Panels, Mother of Pearl accents & silk upholstered walls to name a few. The expansive layout includes a versatile finished attic space and a spectacular finished basement with a nanny live-in unit, multiple walkouts to the ravine and expansive patio area with water feature, a large glassed in sunroom with in-floor heating, as well as an indoor gym, sauna & hot tub. Plus, a significant three level back extension maximizes this home's living space & is complemented by a 2021-installed elevator that services all levels but the attic/third level for ultimate convenience. 7 Ridgewood Road is an architectural statement in a highly sought-after Toronto location.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C12929074
- Bedrooms
- 6 (4 + 2)
- Bathrooms
- 6 (1 half)
- Size
- 3500-5000
- Lot
- 61 × 252.5 ft
- Cross streets
- Bathurst St & Burton Rd
- Parking
- 1 garage · 5 parking (built-in)
- Driveway
- Private
- Basement
- Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Cedar, Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $34,394 / 2025
- Days on market
- 113
- Listing brokerage
- HARVEY KALLES REAL ESTATE LTD.
Rooms
overlooks ravine · walk-out · heated floor
b/i shelves · combined w/sunroom · fireplace
4 pc ensuite · his and hers closets · large window
w/o to ravine · hot tub · broadloom
4 pc ensuite · walk-in closet(s) · w/o to balcony
overlooks ravine · combined w/sitting · hardwood floor
5 pc ensuite · fireplace · walk-in closet(s)
large closet · hardwood floor · above grade window
w/o to ravine · fireplace · hardwood floor
4 pc ensuite · skylight · open concept
Laundry Sink
5 pc ensuite · large closet · broadloom
marble counter · centre island · hardwood floor
fireplace · large window · hardwood floor
panelled · glass doors · hardwood floor
Overlooks Ravine
Listed at $5,900,000, this home is about 30% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Based on 7 similar homes nearby, adjusted for size, beds, and baths.Median of 7 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $7.65M, a close match.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $8.50M
- Bathrooms +$15K
- Adjusts to $8.52M
That comparable adjusts to $8.52M; the $8.48M estimate above is the median of all 7 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On location, this is a more car-dependent spot, so buyers here typically drive. Transit is limited nearby. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $8.48M, median of 7 comparables.
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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Elevator: rare and valuable for accessibility and resale.
- Value driver
- Worth verifying
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 23% below the area average of $1,812/sqft.
111 days longer than the Toronto average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Forest Hill South, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Car-DependentA 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.
Almost all errands require a car.
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 18, 2026); conventional rates run a little higher.
Mortgage amount $4,720,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $25,188
- Property tax
- $2,866
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $28,054
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $133,975
- Toronto municipal land transfer tax
- $190,975
- Estimated closing costs
- $324,950
Plus your down payment of $1,180,000. 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
- $1,511,260
- Principal paid down
- $601,093
- Interest paid
- $910,167
- Balance remaining
- $4,118,907
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 HARVEY KALLES REAL ESTATE LTD.. MLS®/PropTx.