36 Millbank Avenue, Toronto, ON

Forest Hill South, Toronto · MLS® C13544476

$6,695,000
For Sale
Listed 8 days ago
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5Bedrooms
5Bathrooms
2Garage · 4 parking
3500-5000Sq Ft

About this home

Exceptionally, Custom Designed by one of Canada's leading, award-winning architects, Siamak Hariri (Hariri Pontarini), engaged by the owners. This magnificent and custom-built home was a magical result of the brilliant collaboration between the genius of Siamak Hariri and his very sophisticated and family-oriented clients. Total Square Footage is: 5,857 (4,287 sq ft above ground) and there' s an Elevator. Extra tall walls for their remarkable art collection had been a prerequisite, as were flexible multi-use rooms for visiting family and the two active professionals desiring quiet, beautiful spaces both inside and out. Private stone terraces in front and back, and above, cedar decks, overlook the country-like feel of the mature trees and nature sanctuary surrounding the property. Yet, it's close to Village shops, TTC, and Ravine trails. Natural materials - Algonquin Limestone, Brazilian Cherry hardwood (Jatoba), Rubble Stone, Mahogany doors and windows, and extensive use of copper, teak and cedar - mix together beautifully in light-filled spaces throughout. Huge glass picture windows, full height sliding glass doors, and the surrounding tall trees outside are viewed everywhere in the home. The central 3-storey atrium above the dining room is at the centre of the house, spilling light throughout the main floor and the centre of the 2nd floor. All of these elements combine to exude warmth and comfort, and yet are modern, clean and sleek, all at the same time. A Magnificent Garden was designed by renowned landscape architect, Janet Rosenberg, featuring cut stone, limestone terraces and Owen Sound ledge rock, including for the inspired central water feature, sounding softly like a babbling brook. Everything has been meticulously maintained and cared for, and like the finest wine, proves to be more outstanding over time. A stunning and truly unique sanctuary at a brilliant City location!

Key facts

Property type
Detached, 3-Storey
MLS®
C13544476
Bedrooms
5 (4 + 1)
Bathrooms
5 (1 half)
Size
3500-5000
Lot
45.02 × 148 ft
Cross streets
Spadina Rd & Lonsdale Rd
Parking
2 garage · 4 parking (built-in)
Driveway
Private Double
Basement
Full, Separate Entrance, Finished
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Stucco (Plaster), Stone
Foundation
Poured Concrete
Roof
Flat
Sewer
Sewer
Property tax
$23,641 / 2025
Days on market
8
Listing brokerage
HARVEY KALLES REAL ESTATE LTD.

Rooms

SittingSecond3.05 × 4.88 m

w/w closet · 5 pc ensuite · w/o to sundeck

KitchenMain3.68 × 4.11 m

stone counters · window floor to ceiling · centre island

Family RoomMain5.89 × 4.95 m

glass doors · b/i bar · b/i bookcase

Bedroom 4Third4.75 × 3.89 m

3 pc ensuite · double closet · w/o to sundeck

DenLower4.34 × 3.40 m

skylight · broadloom · b/i shelves

Bedroom 2Second5.03 × 5.49 m

b/i bookcase · recessed lighting · picture window

KitchenLower2.44 × 1.42 m

b/i appliances · cedar closet(s) · linen closet

RecreationLower5.69 × 4.67 m

marble fireplace · b/i bookcase · b/i closet

Primary BedroomSecond5.28 × 4.95 m

window floor to ceiling · 3 pc ensuite · w/o to terrace

Dining RoomMain4.27 × 5.49 m

clerestory · combined w/family · hardwood floor

FoyerMain3.05 × 4.00 m

combined w/living · double closet · window floor to ceiling

BreakfastMain3.23 × 4.11 m

limestone flooring · overlooks garden · w/o to terrace

Bedroom 5Lower3.66 × 3.45 m

4 pc ensuite · broadloom

Living RoomMain7.01 × 5.49 m

w/o to terrace · sliding doors · marble fireplace

Bedroom 3Second3.23 × 4.27 m

double closet · recessed lighting · se view

LaundryLower1.88 × 2.74 m

2 pc bath · laundry sink · b/i shelves

Moe’s TakeTeam Asgarian · Broker
Worth a personal read

This home is a bit unique, so there are not enough closely comparable homes nearby for me to trust an automatic number, and I would rather give you a real one than a wrong one. Tell me you are interested and I will pull the most comparable recent sales and send you a straight answer on price, usually the same day.

On location, this is a very walkable address with everyday errands close by. Spadina Rd at Strathearn Blvd South Side is about a 3-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.

  • Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
  • Hardwood floors: quality hardwood is durable and broadly desirable.
  • Elevator: rare and valuable for accessibility and resale.
  • Worth verifying
  • Lifestyle
Comparable listingsCurrently listed nearby in Forest Hill South · asking prices
$7.17Mavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

428 Russell Hill Road$7.38M470 Russell Hill Road$6.50M4 Ridgewood Road$5.39M103 Vesta Drive$5.20M204 Forest Hill Road$11.40M

The 5 closest of 6 active listings nearby.

See all comparable homes
6.70MThis home7.38M6.50M5.39M5.20M11.40MThis home vs active comparables
Live market pulseActive comparables in Forest Hill South · median list $7.38M
$1,575this home / sqft
6active listings nearby
8days on market

This home lists 11% below the area average of $1,766/sqft.

7 days longer than the Toronto average (1 days).

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Forest Hill South, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

79/ 100

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: Spadina Rd at Strathearn Blvd South Side, about 267 m away

20+ transit stops5 grocery20+ dining20+ parks18 pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

High Park-Swansea
$4.99M
Lawrence Park South
$2.14M
Bedford Park-Nortown
$2.90M
Downsview-Roding-CFB
$1.06M
Wexford-Maryvale
$865K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Holy Rosary
89%
Holy RosaryCatholic · Elementary · 0.6 km awayHigher-rated than most nearby · 89% meet the provincial standard
Forest Hill Junior and Senior Public SchoolEQAO results not published
Forest Hill Collegiate InstituteEQAO results not published

Affordability & Mortgage

Affordability
$30,514/mo
$1222KIncome needed
5.5×Price ÷ income
$7,042Weekly cost
20% down4.79%25-yr amortization

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.

94%mortgage
Mortgage $30,514Property tax $1,970Total carry $32,484

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

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$28,582per month

Mortgage amount $5,356,000 · 4.14% over 25 years

$1,339,000Down payment (20.0%)
$5,356,000Loan before insurance
$0CMHC premium
$30,552Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$28,582
Property tax
$1,970
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$30,552

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$153,850
Toronto municipal land transfer tax
$234,700
Estimated closing costs
$388,550

Plus your down payment of $1,339,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$34,715/monthPayment at the qualifying rate

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

$3,218,481Total interest paid
$8,574,481Total of all payments
Principal $5,356,000 Interest $3,218,481
YearPrincipalInterestBalance
1$125,473$217,507$5,230,527
2$130,721$212,258$5,099,806
3$136,189$206,790$4,963,618
4$141,885$201,094$4,821,732
5$147,820$195,159$4,673,912
6$154,003$188,976$4,519,909
7$160,445$182,534$4,359,464
8$167,156$175,823$4,192,308
9$174,148$168,831$4,018,160
10$181,432$161,547$3,836,727
11$189,021$153,958$3,647,706
12$196,928$146,051$3,450,778
13$205,165$137,814$3,245,612
14$213,747$129,232$3,031,866
15$222,688$120,292$2,809,178
16$232,002$110,977$2,577,176
17$241,707$101,273$2,335,469
18$251,817$91,162$2,083,652
19$262,350$80,629$1,821,302
20$273,324$69,656$1,547,978
21$284,756$58,223$1,263,222
22$296,667$46,312$966,555
23$309,076$33,903$657,478
24$322,005$20,975$335,474
25$335,474$7,506$0

At the end of your 5-year term

Total paid over the term
$1,714,896
Principal paid down
$682,088
Interest paid
$1,032,808
Balance remaining
$4,673,912

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.

Let's connect

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

Rental yield
Estimate$7,350/mo
$88,200Gross annual rent
0.8%Est. cap rate

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 numbers

Estimates 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.

1.3%
Gross yield
− Property tax $23,641− Insurance $1,400− Vacancy & upkeep $9,702Net operating income $53,457

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HARVEY KALLES REAL ESTATE LTD.. MLS®/PropTx.

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