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New2 hours ago

7 Ridgewood Road

Forest Hill South, Toronto

$5,800,000

Detached|2-Storey
5 | 7 | 5
About this home

Welcome to 7 Ridgewood Rd, Forest Hill - an exceptional custom-built residence that sits on an expansive 61 x 252 ft ravine lot on quiet culdesac. Backing onto the Cedarvale Ravine, this sophisticated home offers 5+1 bedrooms and 6 bathrooms with 10-ft ceilings, two staircases, gleaming hardwood floors and exquisite high-end finishes including Venetian glass panels, Mother of Pearl accents and silk-upholstered walls. The gourmet kitchen features built-in stainless steel appliances, a large centre island and breakfast area. Elegant formal living room with fireplace and picture window. Beautiful glass sunroom with heated floors and relaxing views of nature. The luxurious primary suite features a walkout to the balcony, walk-in closet and grand 5-piece ensuite with soaker tub and separate glass shower. Finished attic space offers a bedroom, bathroom and living area. Finished walk-out basement has a recreation room, gym, hot tub, sauna and live-in nanny suite. A multilevel rear extension maximizes the home's living space & is complemented by a 2021-installed elevator providn easy access to all levels. Private backyard oasis with patio and water feature, surrounded by lush natural beauty. An extraordinary opportunity to live in one of Toronto's most coveted neighbourhoods with the ravine as your backyard.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$34,997
Lot Size61 ft x 252.5 ft
mls© NumberC13724236
Listed ByEXP REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$29,687
Property tax
$2,916
Heat allowance
$150
Housing costs
$32,753 / mo

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

Down payment20% · $1,160,000
25-yr amortization

Income needed

$1,008,000

gross annual household income

Payment at 4%
$24,407 / mo
Cash down
$1,160,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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