240 Heath Street, Toronto, ON

$1,795,000
MLS#:C12147728
2 beds
2 baths
1600-1799 sqft
2.0 parking
Residential Condo & Other
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Forest Hill South. Expertly crafted featuring premium brick and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $1,795,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1600-1799 sqft
  • 2.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Air Exchanger, Built-In Oven, Countertop Range
  • equipped with central air central cooling and highly efficient forced air heating via electric

Description

Substantial Price Improvement! Welcome to 240 Heath Street West in Forest Hill Village. Suite1601, is a 1650 Sq ft+ enclosed Balcony/Solarium suite, with unobstructed South/West views. (Only 4 Suites per Floor). This Suite has just been completely emptied and painted. Move in ready. The Elegant Front Hall Entrance, with marble floor and glass/stainless steel handrail, leads to the Large, Bright, Open Concept, Living/Dining Room area with custom oak flooring and window coverings. The Eat-In Kitchen has all built-in Stainless- Steel Appliances and custom cabinetry leading to a light filled Balcony/Solarium. The Large South Facing Primary Bedroom, with unobstructed South-East views, has a custom 5-Pc Ensuite Bathroom and Built in Closets. The 2nd Bedroom and Office are divided by Custom Sliding Glass Doors allowing for an abundance of light in both areas. A Guest Bathroom and Laundry/Storage Room adds to the comfort of this Beautiful Home. This Suite comes with 2 Parking Spaces. (**A deposit for an EV Charger outlet has been paid) plus a large Private Locker on the SB Level. Village Park Condos is a Well Managed Building with 24 Hr Concierge Services, an Indoor Pool + Saunas, and recently renovated Lobby, Exercise & Large Party/Meeting Room. (Pet Restrictions: 1 Small Dog or 2 Cats.) Easy Walk to Forest Hill Village Shops and Restaurants, Loblaws and LCBO on St. Clair Avenue W, Parks, Ravines and the TTC.

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Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
1600-1799 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJuly 16, 2025
Sold price information is available to members only
Listed Date5/14/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick, Stucco (Plaster)
BasementNone
CountyToronto
Annual Tax$5,979

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeUnderground

Heating & Cooling

Heat SourceElectric
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Library, Public Transit, Ravine, School

Interior Features

Air Exchanger, Built-In Oven, Countertop Range, Garburator, Primary Bedroom - Main Floor, Storage Area Lockers

Security Features

Carbon Monoxide Detectors, Concierge/Security, Smoke Detector

Community Features

Location

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240 Heath Street, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 240 Heath Street W 1601, Toronto C03, ON M5P 3L5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$359,000 (20.0%)
* Minimum Canadian down payment required for this price is $359,000.
Amortization Period25 Years
Estimated Monthly Payment$8,557Based on a loan of $1,436,000 over 25 years.
Purchase Price$1,795,000
Loan Amount$1,436,000
Provincial Land Transfer Tax:$32,375
Toronto Municipal Land Transfer Tax:$32,375
Total Estimated Closing Taxes:$64,750

About Purchasing a Home in Toronto, ON

For a property listed at $1,795,000 in Toronto, the legal minimum down payment is $359,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $32,375 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $32,375 also applies, bringing the total estimated land transfer taxes to $64,750.

Nearby Listings

Distance:

No current listings found in Toronto.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Forest Hill South, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$3,835,369

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

Forest Hill
PublicToronto, Ontario, M5P 2W8
8.3
Holy Rosary
Public354 St. Clair Avenue West, Toronto, Ontario, M5P 2Y1
8.6
North Preparatory
Public1100 Spadina Road, Toronto, Ontario, M5N 2M6
6.3
Hillcrest
Public44 Hilton Avenue, Toronto, Ontario, M5R 3E6
7.8
Davisville
Public529 Vaughan Road, York, Toronto, Ontario, M4S 1J6
6.2

Secondary Schools

Forest Hill
Public78 Dunloe Road, Toronto, Ontario, M5P 2T6
7.5
Marshall McLuhan
Public1107 Avenue Road, Toronto, Ontario, M5N 3B1
7.2
North Toronto
Public17 Broadway Avenue, Toronto, Ontario, M4P 1T7
8.4

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.