48 Old Forest Hill Road, Toronto, ON
Forest Hill South, Toronto · MLS® C13047546
About this home
From the moment you step inside this custom built Forest Hill residence, you are struck by its timeless elegance, refined transitional design, exceptional attention to detail and the highest quality finishes throughout. Masterfully designed by acclaimed architect Richard Wengle and beautifully curated by Robin Nadel Interiors, this home offers a seamless blend of luxury and functionality. Highlights include custom millwork, marble finishes, and impressive 10' and 11' ceilings throughout the main level. The chef's kitchen is a true showpiece, featuring a 10' centre island with breakfast bar, separate pantry and servery, and a bright breakfast area with two walk-outs to private terraces. Family room with custom built-ins, main floor office, a formal living room with a wood-burning fireplace, and a grand dining room with servery access complete the thoughtfully designed main floor. The second level offers rarely offered five spacious bedrooms and 4 bathrooms. The primary suite is a private retreat, complete with his and hers walk-in closets and a stunning spa-inspired ensuite that rivals a five star hotel. Vaulted ceilings, custom panelling, a linear gas fireplace, and built-ins add warmth and sophistication. The elevator provides convenient access to all levels. The lower level has been thoughtfully designed for both relaxation and entertaining. This level features a large at grade recreation room, a custom designed mudroom with direct access to the three car garage and separate mechanical room, theatre/exercise room, a spa area with wet steam, a custom bar, and a guest suite with its own ensuite. The walk-out leads to a private beautifully landscaped, low maintenance backyard with artificial grass, an irrigation system, and a covered patio ideal for entertaining. Situated on a premium block in Forest Hill, this exceptional home offers unparalled luxury in one of Toronto's most prestigious neighbourhoods.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13047546
- Bedrooms
- 6 (5 + 1)
- Bathrooms
- 7 (1 half)
- Size
- 3500-5000
- Lot
- 54.74 × 145.71 ft
- Cross streets
- Old Forest Hill & Russell Hill
- Parking
- 3 garage · 7 parking (attached)
- Driveway
- Private Double
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Other
- Sewer
- Sewer
- Property tax
- $44,868 / 2025
- Days on market
- 88
- Listing brokerage
- FOREST HILL REAL ESTATE INC.
Rooms
mirrored walls · double doors
w/o to terrace · hardwood floor · crown moulding
centre island · marble counter · overlooks family
semi ensuite · closet · vaulted ceiling(s)
3 pc ensuite · closet · hardwood floor
semi ensuite · closet · vaulted ceiling(s)
b/i closet · ceramic floor · access to garage
3 pc ensuite · closet · ceramic floor
gas fireplace · moulded ceiling · b/i shelves
b/i desk · marble counter · b/i dishwasher
b/i shelves · ceramic floor · laundry sink
marble floor · panelled · double closet
fireplace · hardwood floor · crown moulding
gas fireplace · ceramic floor · w/o to patio
panelled · hardwood floor · crown moulding
5 pc ensuite · walk-in closet(s) · gas fireplace
3 pc ensuite · walk-in closet(s) · hardwood floor
hardwood floor · b/i bookcase · moulded ceiling
Listed at $8,495,000, and my independent estimate is within the range of comparable homes, on the higher side.
In Forest Hill South lately, sellers get about 97% of asking; homes sell in ~31 days.
Total price vs nearby homes. Fair value about $6.49M, median of 5 comparables.
- Walk-out basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
How this estimate is builtthe short version
I take the 5 most comparable recent listings nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single listing.
It’s grounded in comparable active listings. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $9.97M, higher than the comparables and worth a second look.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Elevator: rare and valuable for accessibility and resale. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 5 comparable homes nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 15% above the area average of $1,744/sqft.
87 days longer than the Toronto average (1 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.
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 24, 2026); conventional rates run a little higher.
Mortgage amount $6,796,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $36,266
- Property tax
- $3,739
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $40,005
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $198,850
- Toronto municipal land transfer tax
- $333,700
- Estimated closing costs
- $532,550
Plus your down payment of $1,699,000. 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
- $2,175,959
- Principal paid down
- $865,472
- Interest paid
- $1,310,486
- Balance remaining
- $5,930,528
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 FOREST HILL REAL ESTATE INC.. MLS®/PropTx.