240 Heath Street, Toronto, ON

$2,398,000
MLS#:C12347404
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This listing is no longer active (Sold)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 concrete construction, this residence presents an exceptional opportunity offered at $2,398,000 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: Other
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Luxury Boutique Living At The "240 Heath" With First Class Services In Toronto's Prestigious Forest Hill. Fully Redesigned & Remodelled 1927** Sq Ft Of Lavish Space, Including Approx 200 Sqft Enclosed Balcony, With An Abundance Of Natural Light From Floor To Ceiling Windows With South Views. Custom Kitchen W/ Central Island / Breakfast Bar, Quartz Counter Tops & B/I Miele Appliances. Prem Engineering Hardwood Fl T- Out. Custom B/I Closets, B/I Entertainment Lv Unit W/ Fire Place. Ample Underground Visitor Parking. Must Be Seen!

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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 DateAugust 25, 2025
Sold price information is available to members only
Listed Date8/15/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete
BasementNone
CountyToronto
Annual Tax$6,304.17

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Park, Public Transit, School, Place Of Worship, Library

Interior Features

Other

Security Features

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 801, 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.

Market Trend
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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$479,600 (20.0%)
* Minimum Canadian down payment required for this price is $479,600.
Amortization Period25 Years
Estimated Monthly Payment$11,432Based on a loan of $1,918,400 over 25 years.
Purchase Price$2,398,000
Loan Amount$1,918,400
Provincial Land Transfer Tax:$46,425
Toronto Municipal Land Transfer Tax:$46,425
Total Estimated Closing Taxes:$92,850

About Purchasing a Home in Toronto, ON

For a property listed at $2,398,000 in Toronto, the legal minimum down payment is $479,600 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 $46,425 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $46,425 also applies, bringing the total estimated land transfer taxes to $92,850.

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$3,851,630

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.