221 Forest Hill Road, Toronto, ON

Forest Hill South, Toronto · MLS® C14033514

$21,988,000
For Sale
Listed 4 days agoNo offer date stated

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6+1Bedrooms
9Bathrooms
2Garage · 6 parking
5,000Sq ft

About this home

In short

  • Step into a world that feels imagined, yet is beautifully real.
  • With over 13,000 sq ft of living space on nearly half an acre, this extraordinary estate offers the feeling of a private chateau in one of Toronto's most prestigious...
  • A country-club-size pool, expansive gardens and a basketball court turn the backyard into a private retreat for recreation, relaxation and entertaining.

Step into a world that feels imagined, yet is beautifully real. Rarely does a home of this scale, beauty and privacy come to market in the heart of Forest Hill. With over 13,000 sq ft of living space on nearly half an acre, this extraordinary estate offers the feeling of a private chateau in one of Toronto's most prestigious neighbourhoods. Just a few years new, the residence was meticulously custom-built by JTF Homes, with craftsmanship that reveals itself in every room. From its stately exterior to its richly detailed interiors, the home evokes the romance of a French castle, with the warmth and comfort of a place designed to be lived in. Grand proportions, exquisite finishes and thoughtful details create spaces that are as inviting as they are impressive. The experience is immediate. You enter, pause and begin to take it all in: the quality of the materials, the care behind each finish and the way every space draws you further inside. This is a home that inspires more than admiration. It stays with you. Surrounded by greenery, the grounds offer a remarkable sense of seclusion. A country-club-size pool, expansive gardens and a basketball court turn the backyard into a private retreat for recreation, relaxation and entertaining. The covered veranda brings the atmosphere of a European estate to everyday life, inviting long summer lunches, quiet mornings and evenings that linger. Here, there is room to gather on a grand scale and space to retreat in complete privacy. Inside and out, the setting feels removed from the city, even as Forest Hill's established streets and surroundings remain just beyond the gates. More than an exceptional address, this is an opportunity to own a home with a presence all its own. A rare combination of recent construction, generous living space and extraordinary grounds, it offers something difficult to recreate: the feeling of entering another world, and knowing you could call it home. A place where the extraordinary feels everyday.

Key facts

Property type
Detached, 3-Storey
MLS®
C14033514
Bedrooms
6+1 (7 total)
Bathrooms
9 (2 half)
Size
5,000 sq ft
Cross streets
Forest Hill Rd/Larratt St
Parking
2 garage · 6 parking (built-in)
Driveway
Private
Basement
Finished with Walk-Out
Kitchens
3 (1 + 2)
Heating
Forced Air
A/C
Central Air
Exterior
Stone
Foundation
Poured Concrete
Roof
Metal, Slate
Sewer
Sewer
Pool
Inground
Property tax
$68,506 / 2026
Days on market
4
Listing brokerage
HARVEY KALLES REAL ESTATE LTD.

Rooms

RecreationLower8.93 × 9.48 m

hardwood floor · gas fireplace · pot lights

Family RoomMain6.71 × 4.27 m

gas fireplace · w/o to garden · hardwood floor

KitchenMain6.71 × 6.71 m

breakfast area · centre island · custom backsplash

SittingSecond6.71 × 2.44 m

b/i shelves · pot lights · hardwood floor

Bedroom 4Third4.11 × 4.57 m

pot lights · hardwood floor · b/i closet

Bedroom 2Second6.71 × 4.88 m

ensuite bath · hardwood floor · pot lights

Bedroom 5Third4.11 × 4.33 m

pot lights · hardwood floor · b/i closet

OfficeMain4.88 × 5.80 m

gas fireplace · b/i bookcase · hardwood floor

Bedroom 3Second5.18 × 5.79 m

ensuite bath · walk-in closet(s) · hardwood floor

Dining RoomMain7.32 × 4.30 m

french doors · hardwood floor · pot lights

Primary BedroomSecond6.71 × 6.71 m

gas fireplace · vaulted ceiling(s) · walk-in closet(s)

BedroomThird6.70 × 5.33 m

pot lights · ensuite bath · b/i shelves

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

Neighbourhood & location

Forest Hill South, Toronto, ON

CommuteTime from this home to where you spend your day

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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 Holy Rosary
89%
Holy RosaryCatholic · Elementary · 1.6 km awayHigher-rated than most nearby · 89% meet the provincial standard
Forest Hill Junior and Senior Public SchoolEQAO results not published
Forest Hill Collegiate InstituteEQAO results not published
Also nearby: 12 more schools within 2.5 km
Oriole Park Junior Public School · Public elementary0.4 km · 100% at standard
Forest Hill Junior and Senior Public School · Public elementary0.5 km · 82% at standard
Marshall McLuhan Catholic Secondary School · Catholic secondary1.0 km · 74% at standard
Forest Hill Collegiate Institute · Public secondary1.0 km · 76% at standard
North Preparatory Junior Public School · Public elementary1.1 km · 71% at standard
Allenby Junior Public School · Public elementary1.2 km · 78% at standard
Spectrum Alternative Senior School · Public elementary1.2 km
Davisville Junior Public School · Public elementary1.2 km · 86% at standard
St Monica Catholic School · Catholic elementary1.6 km · 78% at standard
North Toronto Collegiate Institute · Public secondary1.6 km · 88% at standard
Cedarvale Community School · Public elementary1.7 km · 85% at standard
Brown Junior Public School · Public elementary1.7 km · 86% at standard

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

Affordability & Mortgage

Affordability
$100,214/mo
$3976KIncome needed
5.5×Price ÷ income
$23,126Weekly cost
$1,751,750Land 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.

95%mortgage
Mortgage $100,214Property tax $5,709Total carry $105,923

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%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

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)
$97,260per month

Mortgage amount $17,590,400 · 4.49% over 25 years

$4,397,600Down payment (20.0%)
$17,590,400Loan before insurance
$0CMHC premium
$102,969Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$97,260
Property tax
$5,709
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$102,969

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

One-time closing costs

Ontario land transfer tax
$536,175
Toronto municipal land transfer tax
$1,215,575
Estimated closing costs
$1,751,750

Plus your down payment of $4,397,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$117,718/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

$11,587,702Total interest paid
$29,178,102Total of all payments
Principal $17,590,400 Interest $11,587,702
YearPrincipalInterestBalance
1$392,543$774,581$17,197,857
2$410,366$756,758$16,787,491
3$428,998$738,126$16,358,493
4$448,476$718,648$15,910,017
5$468,839$698,285$15,441,178
6$490,126$676,998$14,951,052
7$512,380$654,744$14,438,672
8$535,644$631,480$13,903,028
9$559,964$607,160$13,343,064
10$585,389$581,735$12,757,675
11$611,968$555,156$12,145,707
12$639,754$527,370$11,505,953
13$668,801$498,323$10,837,152
14$699,167$467,957$10,137,985
15$730,912$436,212$9,407,072
16$764,099$403,025$8,642,974
17$798,792$368,332$7,844,182
18$835,060$332,064$7,009,122
19$872,975$294,149$6,136,146
20$912,612$254,512$5,223,535
21$954,048$213,076$4,269,487
22$997,366$169,758$3,272,121
23$1,042,650$124,474$2,229,471
24$1,089,991$77,134$1,139,480
25$1,139,480$27,644$0

At the end of your 5-year term

Total paid over the term
$5,835,620
Principal paid down
$2,149,222
Interest paid
$3,686,398
Balance remaining
$15,441,178

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$10,500/mo
$126,000Gross annual rent
0.2%Cap rate after taxes and upkeep

Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.

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.

0.6%
Gross yield
− Property tax $68,506− Insurance $1,400− Vacancy & upkeep $13,860Net operating income $42,234

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

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