$2,890,000
Est. payment $12,796/moCalculate yours
1563 Bathurst Street, Toronto, ON M5P 3H8
Forest Hill South, Toronto, ON M5P 3H8
- 6 + 2 Beds
- 4 Baths
- 2 Garage
- 2,500 Sq Ft
Listing courtesy of HOMELIFE NEW WORLD REALTY INC. MLS® C13077024
About this home
Exceptional development opportunity in prime Forest Hill South. Approved severance and minor variances in place for the creation of four residential lots, each intended for three-storey semi-detached dwellings. Approvals are subject to conditions, including servicing and municipal requirements. Proposed lots offer efficient frontage and density, with approved relief for increased floor space index, reduced setbacks, and enhanced building envelopes.The property is currently fully tenanted, generating approximately $8,000/month in rental income, providing interim holding income during the development and permitting process.Property is being sold as-is with tenants. Buyer to verify all information and conduct their own due diligence regarding development potential and fulfillment of approval conditions.
Property details
Overview
- Property Type
- Multiplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 2,500 sqft
Interior
- Bedrooms
- 6 + 2
- Bathrooms
- 4
- Kitchens
- 2
- Basement
- Finished, Separate Entrance
Building & Systems
- Heating
- Water (Gas)
- Cooling
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 60 x 104.09 Feet
- Parking
- Attached garage · 4 total
Financial
- Property Taxes
- $10,429 (2025)
Location
- Neighbourhood
- Forest Hill South
- Cross Street
- Bathurst And St. Clair
- Direction Faces
- East
Listing
- MLS® Number
- C13077024
- Days on Market
- 167
- Listed On
- 2026-05-04
- Possession
- TBD
- Listed By
- HOMELIFE NEW WORLD REALTY INC.
Features
Interior
- Water Meter
Pool
- None
- Rental items
- Hot Water Tank
Mortgage calculator
Estimated mortgage payment
$12,796 per month
- Principal and interest
- $12,796
- Property tax
- $869
- Condo fees
- $0
- Estimated monthly cost
- $13,665
Your mortgage
- Mortgage amount
- $2,312,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,526,888
Cash to close
- Down payment
- $578,000
- Land transfer tax (Ontario + Toronto)
- $117,450
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $695,450
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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