503-260 Heath Street, Toronto, ON
Forest Hill South, Toronto · MLS® C13815574
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About this home
In short
- With just over 1,400 sq. ft. of generous living space in the heart of Forest Hill South, this is a property that could make sense for so many different stages of life.
- This 2 bedroom, 2 bathroom suite has the kind of proportions that are increasingly hard to find, with large principal rooms, plenty of storage, two lockers and space...
- Village Terraces is an established, well managed condominium with 24 hour security, an outdoor pool, BBQ area and plenty of visitor parking.
- When you want to trade the city for the trees, Cedarvale Ravine and its trails are close by.
With just over 1,400 sq. ft. of generous living space in the heart of Forest Hill South, this is a property that could make sense for so many different stages of life. This 2 bedroom, 2 bathroom suite has the kind of proportions that are increasingly hard to find, with large principal rooms, plenty of storage, two lockers and space to truly spread out. The living and dining areas are made for both comfortable everyday living and hosting family and friends, while the kitchen offers room to sit down and enjoy your morning coffee. Wood flooring throughout and two updated bathrooms add to the appeal, while the private balcony gives you your own outdoor space. Village Terraces is an established, well managed condominium with 24 hour security, an outdoor pool, BBQ area and plenty of visitor parking. And when we say easy living, we mean it: ALL utilities are included in the maintenance fees, even cable and internet. And then there's the neighbourhood. Forest Hill Village is just around the corner, putting coffee shops, restaurants, groceries, boutiques and everyday essentials within an easy walk. When you want to trade the city for the trees, Cedarvale Ravine and its trails are close by. And when you need to get somewhere, St. Clair West subway station is literally steps from your front door. Space to live and a neighbourhood to love.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13815574
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1400-1599 sq ft
- Cross streets
- Spadina Rd & Heath St W
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $1,998/mo
- Exposure
- South
- Property tax
- $5,716 / 2026
- Days on market
- 26
- Listing brokerage
- PROPERTY.CA INC.
Rooms
Eat-in Kitchen
broadloom · 4 pc bath · double closet
broadloom · 4 pc ensuite
eat-in kitchen · separate room · tile floor
broadloom · combined w/dining · w/o to balcony
large window · double closet · ensuite bath
open concept · parquet · w/o to balcony
open concept · parquet · w/o to balcony
broadloom · combined w/living
Listed at $999,900. Going by how homes in Forest Hill South and the wider GTA have actually closed against their asking prices (about 96%, 8 local closings in 90 days), the likely sale price is near $959K, if it sells. A realistic range is $904K to $1.04M.
Independent value check: $1.29M. Without looking at the asking price, our model values the home itself about 29% above the ask (homes like it typically land between $1.20M and $1.36M).
Why $1.29M. The typical condo sold in Forest Hill South over the past year went for about $1.20M (48 sales). What sets this one apart:
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $5,716 a year; the typical home sold here pays about $5,400.
- ▼ Lowers itIts maintenance fee is $1,998 a month; the typical unit sold here pays about $2,020.
Total price vs nearby homes. Likely closing about $959K, from 8 recent closings in this pocket.
The market behind the math:
- Ravine / green setting. This home is described as backing onto a ravine or green setting. A premium that comparable-sales math under-prices, so read the estimate as a floor.
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 and this building.
It never sees the asking price. The 8 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.13M. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
Based on 7 homes sold in this building over the past two years, from 67 closings in Forest Hill South.
Sold price trend
Median sold price for condos in Toronto: $540K in September 2026, down 4% from a year ago, on 10,804 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 | $589K | 1052 |
| November 2025 | $569K | 834 |
| December 2025 | $545K | 659 |
| January 2026 | $565K | 593 |
| February 2026 | $575K | 722 |
| March 2026 | $565K | 974 |
| April 2026 | $565K | 1042 |
| May 2026 | $560K | 1011 |
| June 2026 | $558K | 1120 |
| July 2026 | $560K | 1030 |
| August 2026 | $548K | 882 |
| September 2026 | $540K | 885 |
Neighbourhood & location
Forest Hill South, Toronto, ON
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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
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $799,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,423
- Property tax
- $476
- Condo / maintenance fees
- $1,998
- Heating
- $0
- Estimated monthly cost
- $6,897
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,473
- Toronto municipal land transfer tax
- $16,473
- Estimated closing costs
- $32,946
Plus your down payment of $199,980. 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
- $265,374
- Principal paid down
- $97,735
- Interest paid
- $167,638
- Balance remaining
- $702,185
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 numbersThe last 5 whole-home leases in Forest Hill South signed at a median of $4,127 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,291. 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 PROPERTY.CA INC.. MLS®/PropTx.