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New3 hours ago

307 - 260 Heath Street W

Forest Hill South, Toronto

$1,095,000

Condo Apartment |
3 | 2 | 1 | 1
About this home

Discover an exceptional opportunity at Village Terraces, a beloved Forest Hill residence celebrated for its distinctive architecture, wonderful sense of community and unbeatable midtown location! This expansive southwest-facing 3-bedroom, 2-bathroom suite offers approximately 1,363 sq. ft. of beautifully proportioned living space, plus a 106 sq. ft. balcony overlooking the city. A welcoming foyer introduces an impressive living room with a walkout to the balcony, perfect for enjoying fresh air and city views. The generously sized separate dining room is ideal for entertaining, while the adjoining kitchen offers ample cabinetry and workspace. An excellent floor plan provides a wonderful balance of spacious principal rooms and private bedroom retreats. The oversized primary bedroom features generous closet space and a private 4-piece ensuite. Two additional bedrooms offer versatility for family, guests or a home office, complemented by a second 4-piece bathroom. Ensuite laundry, underground parking and an exclusive-use locker complete this inviting home. Village Terraces is renowned for its striking red brick architecture, signature rounded balconies and exceptional lifestyle amenities, including a 24-hour concierge, outdoor swimming pool, exercise room, party room, community BBQ area and visitor parking. Maintenance fees include heat, hydro, water, central air conditioning, cable TV and parking. The location is simply outstanding! Enjoy Cedarvale Ravine's scenic trails, the charm of Forest Hill Village, neighbourhood cafés, shops and restaurants, all just steps from your door. St. Clair West subway station, parks and places of worship are also within easy reach. A rare opportunity to enjoy generous living space, an established community and the very best of Forest Hill living! Note: Non-smoking building.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1200-1399 sq. ft.
Maintenance Fees$1,835
LockerExclusive
BalconyOpen
ExposureSouth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$4,903
mls© NumberC14094956
Listed BySOTHEBY'S INTERNATIONAL REALTY CANADA
Heat Included
Hydro Included
Water Included
Cable TV Included
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

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  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,605
Property tax
$409
Heat allowance
$150
Condo fees, half counted
$917
Housing costs
$7,081 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $219,000
25-yr amortization

Income needed

$218,000

gross annual household income

Payment at 4%
$4,608 / mo
Cash down
$219,000

Assumes no other monthly debts · 25-yr amortization

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Investment Analysis

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