12 Millbank Avenue, Toronto, ON
Forest Hill South, Toronto · MLS® C13821014
About this home
In short
- Situated on one of Forest Hill's most coveted and quietest streets, 12 Millbank Avenue is an exquisitely-designed home exuding luxury at every turn.
- Meticulously rebuilt over two years, including a primary suite addition in 2019, this Tudor-style brick house blends traditional Forest Hill charm with a modern...
- At the heart of this home is a large open-concept kitchen with an oversized island, a suite of Sub-Zero and Thermador appliances, walk-in pantry and adjoining...
- Steps down to a bright, expansive family room with electric fireplace, a wetbar and floor-to-ceiling windows overlooking an impeccably-designed yard with both outdoor...
- The primary suite addition is an oasis, with a stunning bespoke built-in King sized bed, an office with custom cabinetry, a walk-in closet, 5-piece spa ensuite and...
Situated on one of Forest Hill's most coveted and quietest streets, 12 Millbank Avenue is an exquisitely-designed home exuding luxury at every turn. Meticulously rebuilt over two years, including a primary suite addition in 2019, this Tudor-style brick house blends traditional Forest Hill charm with a modern elevated aesthetic design throughout by Tara Fingold Design Group. At the heart of this home is a large open-concept kitchen with an oversized island, a suite of Sub-Zero and Thermador appliances, walk-in pantry and adjoining breakfast area. All adjacent to an exquisite dining room with a window seat and custom cabinetry. Steps down to a bright, expansive family room with electric fireplace, a wetbar and floor-to-ceiling windows overlooking an impeccably-designed yard with both outdoor dining and seating, built-in BBQ, swimming pool and sport court, all among a topiary of tall trees. The primary suite addition is an oasis, with a stunning bespoke built-in King sized bed, an office with custom cabinetry, a walk-in closet, 5-piece spa ensuite and potential for a walkout deck. Three chic bedrooms with ensuites, custom millwork and closets along with a spacious secondary laundry room round out this space. A mud room with ample storage greets you on the fully-finished lower level, with abundant family space. A luxurious media room with custom cabinetry, spacious rec room/gym, laundry room, 3-piece bath and abundant storage. Partially heated driveway. This unique location provides the best of both worlds - the privacy of a tree-lined street, and steps away from the well-loved shops & restaurants that Forest Hill Village has to offer and easy access for all transportation. Moments from leading private schools such as BSS, UCC and St. Mike's, and in the catchment for Forest Hill Elementary School and Forest Hill Collegiate. No stone was left unturned in this impeccably-designed and functional house, making this a home not to be missed.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13821014
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 6 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 47.62 × 137.33 ft
- Cross streets
- Spadina Rd/Strathearn Blvd
- Parking
- 1 garage · 4 parking (built-in)
- Driveway
- Private Double
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $24,176 / 2025
- Days on market
- 26
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM
Rooms
porcelain floor · casement windows · overlooks backyard
centre island · marble counter · stainless steel appl
b/i shelves · laundry sink · casement windows
hardwood floor · walk-in closet(s) · 5 pc ensuite
hardwood floor · b/i shelves · b/i desk
hardwood floor · walk-in closet(s) · 4 pc ensuite
hardwood floor · french doors · b/i shelves
b/i shelves · casement windows · pot lights
tile floor · laundry sink · b/i shelves
broadloom · built-in speakers · b/i shelves
hardwood floor · window floor to ceiling · b/i bar
porcelain floor · b/i shelves · pot lights
hardwood floor · picture window · 3 pc ensuite
hardwood floor · b/i desk · 4 pc ensuite
porcelain floor · b/i shelves · bar sink
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
Considering this property? Request a written price read
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.
Per square foot, these ask about $1,479/sqft; this home lists at $1,738/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Forest Hill South, Toronto, ON
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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 $4,518,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $24,983
- Property tax
- $2,015
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $26,998
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $127,675
- Toronto municipal land transfer tax
- $177,115
- Estimated closing costs
- $304,790
Plus your down payment of $1,129,600. 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
- $1,498,981
- Principal paid down
- $552,065
- Interest paid
- $946,915
- Balance remaining
- $3,966,335
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 ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM. MLS®/PropTx.