205 Heath Street, Toronto, ON
Casa Loma, Toronto · MLS® C13591320
About this home
Rare Forest Hill South opportunity! Exceptional approx. 72.10 x 152.37 ft south-facing estate-sized lot located in one of Toronto's most prestigious and sought-after neighbourhoods. A remarkable offering combining location, scale, flexibility and future potential. Plans and approvals are available for a proposed approximately 8,000 sq ft above-grade transitional residence designed by renowned architect Richard Wengle, complemented by landscape design plans featuring a private swimming pool and cabana. Proposed plans include an approximately 3,800 sq ft lower level, offering nearly 11,800 sq ft of proposed total finished living space (buyer to verify all details, measurements, plans and approvals).Significant preliminary work has already been completed, including architectural design, approvals, surveys and associated municipal processes. Deposits have been paid as per Seller, including construction fencing, tree and service disconnect deposits, providing a buyer with the benefit of an opportunity where substantial planning and preparation have already been undertaken. This can help reduce the time and uncertainty typically associated with bringing a custom residence vision from concept to the next stages.The existing large brick residence provides exceptional flexibility - renovate and create your dream home, reno & enjoy the property while planning a future custom residence, maintain as a long-term asset, reno & lease while planning, or explore the many possibilities available with this rare parcel of land.Surrounded by mature trees, prestigious residences, parks and the charm of Forest Hill Village. Steps to boutique shops, restaurants, transit and renowned schools including UCC and walking distance to Bishop Strachan (buyer to verify). An extraordinary opportunity to secure a significant property in one of Toronto's most coveted communities.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13591320
- Bedrooms
- 4
- Bathrooms
- 3 (2 half)
- Size
- 5,000 sq ft
- Lot
- 72.1 × 152.37 ft
- Cross streets
- East of Spadina/North of St. Clair
- Parking
- 2 parking
- Driveway
- Private
- Basement
- Unfinished, Separate Entrance
- Heating
- Water
- A/C
- None
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $17,203 / 2025
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
Listed at $5,490,000, 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 Casa Loma lately, sellers have been getting about 98% of asking and homes sell in about 23 days.
There were not many closely comparable homes right in Casa Loma, so I widened the search to the surrounding area.
Based on 13 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 13 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $3.50M, 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 $5.40M
- Size difference +$414K
- Bedrooms −$60K
- Bathrooms −$90K
- Adjusts to $5.66M
That comparable adjusts to $5.66M; the $4.59M estimate above is the median of all 13 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 $4.59M, median of 13 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
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 2 closest active listings nearby.
See all comparable homesThis home lists 28% below the area average of $1,533/sqft.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Casa Loma, 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 22, 2026); conventional rates run a little higher.
Mortgage amount $4,392,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $23,437
- Property tax
- $1,434
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $24,871
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $123,725
- Toronto municipal land transfer tax
- $168,425
- Estimated closing costs
- $292,150
Plus your down payment of $1,098,000. 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
- $1,406,241
- Principal paid down
- $559,322
- Interest paid
- $846,918
- Balance remaining
- $3,832,678
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 RIGHT AT HOME REALTY. MLS®/PropTx.