1607-500 St Clair Avenue, Toronto, ON
Forest Hill South, Toronto · MLS® C13048012
About this home
Welcome to suite 1607, an exceptional and rarely available split-layout, two-bedroom, two-bathroom unit that effortlessly combines luxury and comfort. This stunning home features a meticulously designed and beautifully maintained living space, with floor-to-ceiling windows throughout that allow natural light to flood the unit, creating a bright and airy atmosphere. The expansive living area offers plenty of room for both relaxation and entertaining, while the large primary bedroom serves as a tranquil retreat. It includes a spacious walk-in closet with custom built-ins for optimal storage, as well as a generous three-piece en-suite bathroom.The kitchen is a true chef's dream, featuring stainless steel appliances, ample cupboard space for all your culinary needs, and elegant granite countertops that add both beauty and functionality to the space. The unit also boasts spectacular, unobstructed south-facing city views that can be enjoyed from the oversized balcony, providing the perfect setting for both peaceful mornings and evening sunsets. Loaded with a brand-new, full-size washer and dryer in the unit for added convenience, one parking spot, and a storage locker. Residents can take advantage of the 24-hour concierge service, party room, visitor parking for guests, rooftop deck, media room and so much more. Situated in an unbeatable location, this home is just steps away from public transportation, picturesque parks, the Forest Hill Village, grocery stores, and an array of fantastic restaurants. Whether you're commuting or exploring the neighborhood, everything you need is within easy reach. This unit is an opportunity that truly shouldn't be missed!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13048012
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 900-999
- Cross streets
- St. Clair / Bathurst
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $833/mo
- Exposure
- South
- Property tax
- $3,733 / 2025
- Days on market
- 86
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Listed at $849,999, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
In Forest Hill South lately, sellers have been getting about 95% of asking and homes sell in about 42 days.
Based on 90 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 90 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $651K, lower than the comparables and worth a second look.
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, sold for $839K
- Bedrooms −$30K
- Adjusts to $809K
That comparable adjusts to $809K; the $853K estimate above is the median of all 90 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
The assigned public school is Oakwood Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Total price vs nearby homes. Fair value about $853K, median of 90 comparables.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 12% below the area average of $1,012/sqft.
85 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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $679,999 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,629
- Property tax
- $311
- Condo / maintenance fees
- $833
- Heating
- $0
- Estimated monthly cost
- $4,773
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,475
- Toronto municipal land transfer tax
- $13,475
- Estimated closing costs
- $26,950
Plus your down payment of $170,000. 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
- $217,724
- Principal paid down
- $86,598
- Interest paid
- $131,126
- Balance remaining
- $593,401
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
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 ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.