$3,650,000
For sale: Vacant Land

Exceptional opportunity to build in prestigious Forest Hill South. This property is being offered with fully approved and issued building permits for a spectacular modern residence designed by acclaimed architect Richard Wengle, allowing construction to commence immediately. The approved plans feature approximately 7,719 sq. ft. of total living space, including approximately 2,485 sq. ft. on the lower level, with a thoughtfully designed 4+1 bedroom, 6 bathroom layout featuring a private elevator, gym, sauna, spa area, recreation room and striking contemporary architecture. A rare opportunity to bypass the lengthy design and municipal approval process and begin building a remarkable custom home in one of Toronto's most coveted neighbourhoods. Ideally located near UCC, BSS, Forest Hill Jr. & Sr. PS and FHCI, with convenient access to Forest Hill Village, parks, transit and downtown. Architectural plans, approved permit drawings and comprehensive interior design drawings available to qualified purchasers upon execution of an NDA. VTB financing may be available to qualified purchasers. Property is currently vacant land. Images depicting the proposed residence are architectural renderings for illustration purposes only and do not represent an existing structure.
Sold data
Homes in Forest Hill South took a median of 32 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 49, across 32 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 86 days.
The median sale price was $2,089,000.
Homes sold for about 6.8% below asking on average, so there was room to negotiate.
About 6% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
Based on 32 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Forest Hill South) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$4,888,000
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