380 Spadina Road, Toronto, ON
Forest Hill South, Toronto · MLS® C13452232
About this home
Exceptional development and investment opportunity in Toronto's prestigious Forest Hill neighbourhood. Located along a prominent stretch of Spadina Road, just north of Casa Loma, this rare offering presents multiple pathways for investors, developers, and end users alike. Currently improved with a substantial seven-bedroom residence, the property is fully tenanted and generating income, providing immediate cash flow while future plans are considered.The existing home showcases timeless architectural character with an impressive grey stone and red brick façade, commanding street presence, and a setting surrounded by mature trees and distinguished executive residences. Whether you choose to maintain the property as a high-performing investment, transform the existing structure into a remarkable luxury residence, renovate the carriage house to create additional income-generating units, or redevelop the site entirely, the possibilities are extensive.Developers and land assembly groups will appreciate the property's strong frontage, prestigious location, and long-term redevelopment potential within one of Toronto's most coveted residential corridors. Ideally situated near transit, top-ranked public and private schools, parks, downtown Toronto, and the city's financial and cultural districts, this location continues to experience strong demand and enduring value.Opportunities that offer immediate income, exceptional land value, and future development flexibility are increasingly rare. Whether pursued as a strategic long-term holding, luxury estate conversion, multi-unit enhancement, or future multi-family redevelopment project, 380 Spadina Road represents a unique opportunity in the heart of Forest Hill.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13452232
- Bedrooms
- 7 (5 + 2)
- Bathrooms
- 3 (1 half)
- Size
- 3000-3500
- Lot
- 27 × 125 ft
- Cross streets
- Spadina and Bantry
- Parking
- 2 garage · 5 parking (detached)
- Basement
- Full, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Radiant
- A/C
- Wall Unit(s)
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $8,432 / 2026
- Days on market
- 36
- Listing brokerage
- REVEL Realty Inc., Brokerage
Rooms
Listed at $3,900,000, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
In Forest Hill South lately, sellers have been getting about 93% of asking and homes sell in about 33 days. Prices are down 14% versus a year ago.
There were not many closely comparable homes right in Forest Hill South, so I widened the search to the surrounding area.
Based on 70 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 70 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.81M, lower than the comparables and worth a second look. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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 $3.15M
- Bedrooms +$60K
- Bathrooms −$30K
- Adjusts to $3.18M
That comparable adjusts to $3.18M; the $3.24M estimate above is the median of all 70 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.
Its public catchment (Brown Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Total price vs nearby homes. Fair value about $3.24M, median of 70 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 28% below the area average of $1,666/sqft.
35 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 23, 2026); conventional rates run a little higher.
Mortgage amount $3,120,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $16,649
- Property tax
- $703
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $17,352
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $83,975
- Toronto municipal land transfer tax
- $92,975
- Estimated closing costs
- $176,950
Plus your down payment of $780,000. 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
- $998,969
- Principal paid down
- $397,333
- Interest paid
- $601,636
- Balance remaining
- $2,722,667
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 REVEL Realty Inc., Brokerage. MLS®/PropTx.