122 Forman Avenue, Toronto, ON

Mount Pleasant East, Toronto · MLS® C14027536

$1,384,900
For Sale
Listed 6 days agoNo offer date stated
Request a showing
◎ Directions
3+1Bedrooms
2Bathrooms
1Garage · 2 parking
1100-1500Sq ft

About this home

In short

  • Lovingly cared for by the same family for nearly 60 years, this detached 3-bedroom, 2-bathroom home offers a comfortable layout with beautiful hardwood floors and...
  • The west-facing backyard enjoys wonderful afternoon and evening sun, with a rear deck (2025) and garden.
  • Open House October 17/18th 2-4PM

Lovingly cared for by the same family for nearly 60 years, this detached 3-bedroom, 2-bathroom home offers a comfortable layout with beautiful hardwood floors and plenty of natural light. The west-facing backyard enjoys wonderful afternoon and evening sun, with a rear deck (2025) and garden. Enjoy a spacious covered front porch and a separate side entrance adds convenience and flexibility. Ideally located steps from Belsize Parkette and close to Bayview, Mt. Pleasant and Yonge, with cafés, restaurants, shops, parks and transit all nearby. Convenient to Davisville and Eglinton subway stations, as well as Maurice Cody, Hodgson Middle School and Northern Secondary. A much-loved home in an established Midtown neighbourhood, ready for its next chapter. Open House October 17/18th 2-4PM

Key facts

Property type
Detached, 2-Storey
MLS®
C14027536
Bedrooms
3+1 (4 total)
Bathrooms
2
Size
1100-1500 sq ft
Lot
29.44 × 103.32 ft
Cross streets
Mount Pleasant / Davisville / Bayview / North of Davisville
Parking
1 garage · 2 parking (detached)
Driveway
Front Yard Parking
Basement
Partially Finished
Heating
Radiant
A/C
Wall Unit(s)
Exterior
Brick
Foundation
Concrete, Concrete Block
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$7,619 / 2026
Days on market
6
Listing brokerage
CHESTNUT PARK REAL ESTATE LIMITED

Rooms

Bedroom 3Second3.05 × 2.82 m

Hardwood Floor

Dining RoomMain4.27 × 2.95 m

hardwood floor · overlooks garden · west view

Bedroom 2Second3.96 × 2.82 m

hardwood floor · closet

Primary BedroomSecond3.71 × 3.76 m

hardwood floor · closet

Living RoomMain4.19 × 3.48 m

hardwood floor · fireplace

KitchenMain4.27 × 2.67 m

Sliding Doors

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.

Considering this property? Request a written price read

Its public catchment (Northern Secondary School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

Neighbourhood & location

Mount Pleasant East, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Hodgson Middle School
76%
Hodgson Middle SchoolPublic · Elementary · 0.3 km awayAbove the GTA average · 76% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
Maurice Cody Junior Public School · Public elementary0.4 km · 90% at standard
Eglinton Junior Public School · Public elementary0.8 km · 70% at standard
St Anselm Catholic School · Catholic elementary0.9 km · 90% at standard
Davisville Junior Public School · Public elementary1.1 km · 86% at standard
Spectrum Alternative Senior School · Public elementary1.1 km
Bessborough Drive Elementary and Middle School · Public elementary1.1 km · 89% at standard
Leaside High School · Public secondary1.2 km · 87% at standard
North Toronto Collegiate Institute · Public secondary1.3 km · 88% at standard
Rolph Road Elementary School · Public elementary1.4 km · 88% at standard
John Fisher Junior Public School · Public elementary1.5 km · 85% at standard
Bennington Heights Elementary School · Public elementary1.5 km · 80% at standard
Northlea Elementary and Middle School · Public elementary1.6 km · 84% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$6,312/mo
$264KIncome needed
5.2×Price ÷ income
$1,457Weekly cost
$48,346Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

91%mortgage
Mortgage $6,312Property tax $635Total carry $6,947

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$6,126per month

Mortgage amount $1,107,920 · 4.49% over 25 years

$276,980Down payment (20.0%)
$1,107,920Loan before insurance
$0CMHC premium
$6,761Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$6,126
Property tax
$635
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$6,761

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$24,173
Toronto municipal land transfer tax
$24,173
Estimated closing costs
$48,346

Plus your down payment of $276,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$7,414/monthPayment at the qualifying rate

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

$729,844Total interest paid
$1,837,764Total of all payments
Principal $1,107,920 Interest $729,844
YearPrincipalInterestBalance
1$24,724$48,786$1,083,196
2$25,847$47,664$1,057,349
3$27,020$46,490$1,030,329
4$28,247$45,264$1,002,082
5$29,530$43,981$972,553
6$30,870$42,640$941,682
7$32,272$41,239$909,410
8$33,737$39,773$875,673
9$35,269$38,242$840,404
10$36,870$36,640$803,534
11$38,544$34,966$764,990
12$40,294$33,216$724,695
13$42,124$31,387$682,571
14$44,037$29,474$638,534
15$46,036$27,475$592,498
16$48,126$25,384$544,372
17$50,311$23,199$494,061
18$52,596$20,915$441,465
19$54,984$18,527$386,481
20$57,480$16,030$329,001
21$60,090$13,420$268,911
22$62,818$10,692$206,092
23$65,671$7,840$140,422
24$68,652$4,858$71,769
25$71,769$1,741$0

At the end of your 5-year term

Total paid over the term
$367,553
Principal paid down
$135,367
Interest paid
$232,185
Balance remaining
$972,553

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.

Let's connect

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

Rental yield
Estimate$2,300/mo
$27,600Gross annual rent
1.1%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

2.0%
Gross yield
− Property tax $7,619− Insurance $1,400− Vacancy & upkeep $3,036Net operating income $15,545

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CHESTNUT PARK REAL ESTATE LIMITED. MLS®/PropTx.

CallRequest a showing