523 Vesta Drive, Toronto, ON
Forest Hill South, Toronto · MLS® C13779646
About this home
In short
- Welcome to 523 Vesta Drive, an exceptional Forest Hill residence offering over 5,000 sf of beautifully designed living space across 3 levels.
- A dramatic double-height foyer introduces a light-filled, open-concept interior designed for sophisticated entertaining & comfortable family living.
- The expansive primary retreat offers a coffee bar with sink, two walk-in closets & spa-inspired ensuite with heated floors, gas fireplace, soaker tub, steam & rain...
- Exceptional comfort continues with a private elevator servicing all 3 levels, whole-home Sonos sound system, four gas fireplaces, motorized window coverings, central...
- Outside, enjoy a landscaped backyard with in-ground pool, deck & lounge areas.
Welcome to 523 Vesta Drive, an exceptional Forest Hill residence offering over 5,000 sf of beautifully designed living space across 3 levels. A dramatic double-height foyer introduces a light-filled, open-concept interior designed for sophisticated entertaining & comfortable family living. At the heart of the home is a chef-inspired kitchen with a centre island, quartz countertops, a Wolf 6-burner gas range, Sub-Zero refrigerator, and Miele dishwasher. A separate butler's pantry with sink, glass-front cabinetry & additional prep space adds function & elegance. The main level also features a family room with a gas fireplace and direct access to the deck overlooking the landscaped backyard, a private home office with custom built-ins and a functional mudroom. Upstairs are 4 bedrooms, each with its own ensuite & heated bathroom floors. The expansive primary retreat offers a coffee bar with sink, two walk-in closets & spa-inspired ensuite with heated floors, gas fireplace, soaker tub, steam & rain shower, heated towel rack & enclosed water closet. The custom dressing room features a skylight, centre island & vanity. The walkout lower level features heated floors, private home theatre with projector & surround sound, wet bar, climate-controlled glass-enclosed wine cellar, recreation space & private guest or nanny suite with ensuite. Exceptional comfort continues with a private elevator servicing all 3 levels, whole-home Sonos sound system, four gas fireplaces, motorized window coverings, central vacuum & security system. Outside, enjoy a landscaped backyard with in-ground pool, deck & lounge areas. A heated driveway leads to the double car garage. Ideally located in prestigious Forest Hill, close to BSS, UCC, parks, shops, transit & amenities, this is a rare opportunity to own a substantial family residence offering exceptional space, technology & luxury in one of Toronto's most coveted communities.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13779646
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 7 (2 half)
- Size
- 3500-5000 sq ft
- Lot
- 50 × 104 ft
- Cross streets
- Eglinton Ave W & Vesta Dr
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Available
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $29,357 / 2026
- Days on market
- 35
- Listing brokerage
- HARVEY KALLES REAL ESTATE LTD.
Rooms
Built-in Speakers
4 pc ensuite · double closet · hardwood floor
centre island · stainless steel appl · breakfast bar
bar sink · his and hers closets · ensuite bath
hardwood floor · b/i shelves
hardwood floor · coffered ceiling(s)
4 pc ensuite · broadloom · double closet
w/o to deck · open concept
gas fireplace · picture window · crown moulding
4 pc ensuite · heated floor · hardwood floor
4 pc ensuite · walk-in closet(s) · crown moulding
4 pc ensuite · broadloom · double closet
4 pc ensuite · heated floor · hardwood floor
wet bar · heated floor · fireplace
w/o to deck · hardwood floor · open concept
laundry sink · linen closet
coffered ceiling(s) · formal rm · hardwood floor
double doors · broadloom · built-in speakers
fireplace · picture window · built-in speakers
centre island · stainless steel appl · pantry
4 pc ensuite · double closet · overlooks backyard
4 pc ensuite · heated floor · hardwood floor
wet bar · heated floor
his and hers closets · ensuite bath · wet bar
hardwood floor · crown moulding · built-in speakers
Listed at $5,995,000. Going by how homes in Forest Hill South and the wider GTA have actually closed against their asking prices (about 97%, 11 local closings in 90 days), the likely sale price is near $5.79M, if it sells. A realistic range is $5.43M to $6.53M.
Independent value check: $6.64M. Without looking at the asking price, our model values the home itself about 11% above the ask (homes like it typically land between $6.22M and $6.96M).
Why $6.64M. The typical detached home sold in Forest Hill South over the past year went for about $4.50M (39 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $29,357 a year; the typical home sold here pays about $20,500.
- ▲ Raises it strongly4+1 bedrooms and 7 baths, against 4+1 and 5 typically.
- ▲ Raises it strongly2 garage and 6 total parking spaces, against 2 and 4 typically.
- ▲ Raises itIt is 3,500 to 5,000 sq ft; the typical home sold here is 3,000 to 3,500.
Total price vs nearby homes. Likely closing about $5.79M, from 11 recent closings in this pocket.
The market behind the math:
About 2.5 months of inventory: 9 detached homes for sale in the area against 11 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,411/sqft against an area asking average of $2,261/sqft.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment. A self-contained space for extended family, guests or potential income. In Forest Hill South basements rarely rent out (4 of 71 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
- Inground pool. Priced into the comparison on the assumption it is clean and modern. A pool costs more to build than resale pays back, and condition is the in-person call.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 11 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $6.96M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Heated floors: comfort and a premium-finish signal. Lifestyle
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Open-concept layout: modern, sought-after flow. Lifestyle
- Elevator: rare and valuable for accessibility and resale. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 11 comparable homes that sold in Forest Hill South over the past two years, from 85 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $6.64M, which is where my estimate comes from.
Per square foot, these ask about $2,162/sqft; this home lists at $1,411/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Toronto: $1.20M in September 2026, down 1% from a year ago, on 7,360 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.25M | 739 |
| November 2025 | $1.21M | 596 |
| December 2025 | $1.14M | 384 |
| January 2026 | $1.20M | 285 |
| February 2026 | $1.23M | 453 |
| March 2026 | $1.34M | 580 |
| April 2026 | $1.31M | 776 |
| May 2026 | $1.30M | 861 |
| June 2026 | $1.25M | 772 |
| July 2026 | $1.17M | 684 |
| August 2026 | $1.19M | 552 |
| September 2026 | $1.20M | 678 |
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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $4,796,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $26,518
- Property tax
- $2,446
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $28,964
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $136,350
- Toronto municipal land transfer tax
- $196,200
- Estimated closing costs
- $332,550
Plus your down payment of $1,199,000. 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
- $1,591,074
- Principal paid down
- $585,983
- Interest paid
- $1,005,092
- Balance remaining
- $4,210,017
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
About the suite: in Forest Hill South basements rarely rent out (4 of 71 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 17 whole-home leases in Forest Hill South signed at a median of $11,323 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $13,090. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HARVEY KALLES REAL ESTATE LTD.. MLS®/PropTx.