$3,990,000
Est. payment $17,667/moCalculate yours
16 Elderwood Drive, Toronto, ON M5P 1W5
Forest Hill South, Toronto, ON M5P 1W5
- 5 + 1 Beds
- 5 Baths
- 1 Garage
- 3,000 Sq Ft
Listing courtesy of RE/MAX HALLMARK REALTY LTD. MLS® C13815398
About this home
Elegance on a Rare 60-Foot Lot in Forest Hill South Ideally positioned on a premium 60-foot frontage in one of Toronto’s most prestigious neighborhoods, this renovated residence blends timeless architecture with modern comfort. The main floor offers formal living and dining rooms with French doors and expansive windows that fill the home with natural light. An inviting family room with fireplace anchors the heart of the home, while the updated kitchen features newer appliances and ample space for everyday living and entertaining. With five generously sized bedrooms and five upgraded bathrooms, including a primary suite with a 6-piece ensuite, every detail speaks to thoughtful design and functionality. Highlights include hardwood floors and pot lights throughout, a finished basement with a separate entrance, and a self-contained second-floor Suite ideal for extended family, guests, or added income potential. Located within walking distance to Forest Hill Village, top-rated public and private schools, parks, restaurants, shops, and transit, this is a rare opportunity to own a beautifully upgraded home on one of Forest Hill South’s most sought-after streets.
Property details
Overview
- Property Type
- Detached
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 3,000 sqft
Interior
- Bedrooms
- 5 + 1
- Bathrooms
- 5
- Kitchens
- 1
- Total Rooms
- 12
- Basement
- Finished, Separate Entrance
Building & Systems
- Heating
- Radiant (Gas)
- Cooling
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Shingles
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 59.51 x 105.15 Feet
- Parking
- Built-In garage · 5 total
Financial
- Property Taxes
- $20,629 (2025)
Location
- Neighbourhood
- Forest Hill South
- Cross Street
- Spadina / St.Clair
- Direction Faces
- South
Listing
- MLS® Number
- C13815398
- Days on Market
- 27
- Listed On
- 2026-09-21
- Possession
- TBA
- Listed By
- RE/MAX HALLMARK REALTY LTD.
Rooms
Features
Interior
- Other
Property
- Park
- Public Transit
- School
Pool
- None
- Rental items
- Hot Water Tank (if rental)
Mortgage calculator
Estimated mortgage payment
$17,667 per month
- Principal and interest
- $17,667
- Property tax
- $1,719
- Condo fees
- $0
- Estimated monthly cost
- $19,386
Your mortgage
- Mortgage amount
- $3,192,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $2,108,057
Cash to close
- Down payment
- $798,000
- Land transfer tax (Ontario + Toronto)
- $182,350
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $980,350
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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