603-60 Montclair Avenue, Toronto, ON
Forest Hill South, Toronto · MLS® C13597204
About this home
Tucked away on a quiet cul-de-sac in prime Forest Hill, Suite 603 represents the golden ratio of design, privacy and nature. This two-bedroom sub-penthouse occupies the southeast corner, offering over 1,100 square feet of living space, where every detail has been thoughtfully selected during an extensive renovation. Clean lines and rich character define the space, from the flooring, cabinetry and countertops to the colour selection and tile work. Natural light pours in from multiple exposures through the nearby treetops, enhancing the calm, elevated atmosphere. The bedrooms are generous in size with ample closet space and are connected by a hallway lined with custom storage solutions and a large LG washer dryer. Dimmable designer light fixtures, California shutters and remote-controlled blinds add to the ease of modern living. Steps to Forest Hill Village and surrounded by top-tier schools including UCC, St. Michael's, Bishop Strachan and Forest Hill Collegiate, this is a home that balances quiet luxury with everyday convenience. 60 Montclair is one of the most sought-after boutique co-ownership buildings in Toronto, with only 48 suites across 7 floors. Co-ownership sits between a condominium and a co-operative, where you own a percentage of the building while enjoying exclusive use of a particular suite. Unlike a co-op, a co-ownership does not require approval from a Board and offers greater flexibility. Even better, the monthly maintenance fee covers all utilities and property taxes!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13597204
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 1000-1199
- Cross streets
- Spadina Road & Lonsdale Road
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Water
- A/C
- Central Air, Other
- Exterior
- Brick
- Maintenance
- $1,325/mo
- Exposure
- South East
- Listing brokerage
- NEST SEEKERS INTERNATIONAL REAL ESTATE
Listed at $749,000, this home is about 14% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
In Forest Hill South lately, sellers have been getting about 96% of asking and homes sell in about 40 days.
Based on 54 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 54 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths.
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 $1.47M
- Bedrooms +$24K
- Bathrooms −$12K
- Adjusts to $1.48M
That comparable adjusts to $1.48M; the $875K estimate above is the median of all 54 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.
Total price vs nearby homes. Fair value about $875K, median of 54 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
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesThis home lists 32% below the area average of $1,003/sqft.
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 23, 2026); conventional rates run a little higher.
Mortgage amount $599,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,198
- Property tax
- $468
- Condo / maintenance fees
- $1,325
- Heating
- $0
- Estimated monthly cost
- $4,991
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $11,455
- Toronto municipal land transfer tax
- $11,455
- Estimated closing costs
- $22,910
Plus your down payment of $149,800. 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
- $191,853
- Principal paid down
- $76,308
- Interest paid
- $115,545
- Balance remaining
- $522,892
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 NEST SEEKERS INTERNATIONAL REAL ESTATE. MLS®/PropTx.