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Forest Hill South, Toronto
$3,900,000
Exceptional development and investment opportunity in Toronto's prestigious Forest Hill neighbourhood. Located along a prominent stretch of Spadina Road, just north of Casa Loma, this rare offering presents multiple pathways for investors, developers, and end users alike. Currently improved with a substantial seven-bedroom residence, the property is fully tenanted and generating income, providing immediate cash flow while future plans are considered.The existing home showcases timeless architectural character with an impressive grey stone and red brick façade, commanding street presence, and a setting surrounded by mature trees and distinguished executive residences. Whether you choose to maintain the property as a high-performing investment, transform the existing structure into a remarkable luxury residence, renovate the carriage house to create additional income-generating units, or redevelop the site entirely, the possibilities are extensive.Developers and land assembly groups will appreciate the property's strong frontage, prestigious location, and long-term redevelopment potential within one of Toronto's most coveted residential corridors. Ideally situated near transit, top-ranked public and private schools, parks, downtown Toronto, and the city's financial and cultural districts, this location continues to experience strong demand and enduring value.Opportunities that offer immediate income, exceptional land value, and future development flexibility are increasingly rare. Whether pursued as a strategic long-term holding, luxury estate conversion, multi-unit enhancement, or future multi-family redevelopment project, 380 Spadina Road represents a unique opportunity in the heart of Forest Hill.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 3000-3500 sq. ft. |
| Property Tax | $8,432 |
| Lot Size | 27 ft x 125 ft |
| mls© Number | C13452232 |
| Listed By | REVEL Realty Inc., Brokerage |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $19,962
- Property tax
- $703
- Heat allowance
- $150
- Housing costs
- $20,815 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$640,000
gross annual household income
- Payment at 4%
- $16,412 / mo
- Cash down
- $780,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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