Gurvinder Nokwal REALTOR®
For Sale Detached 27 days on market

$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
Map

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

Room Level Dimensions
Breakfast Main 14′ 9″ × 19′ 0″
Library Main 11′ 3″ × 8′ 7″
Bedroom 2 Second 12′ 1″ × 13′ 4″
Bedroom 4 Second 10′ 10″ × 14′ 3″
Kitchen Main 15′ 6″ × 12′ 6″
Recreation Basement 25′ 2″ × 13′ 10″
Living Room Main 26′ 0″ × 14′ 3″
Dining Room Main 18′ 8″ × 12′ 10″
Bedroom 2 Second 12′ 5″ × 14′ 3″
Family Room Main 25′ 2″ × 13′ 10″
Bedroom 5 Second 10′ 6″ × 12′ 4″
Primary Bedroom Second 17′ 7″ × 13′ 4″

Features

Interior

  • Other

Property

  • Park
  • Public Transit
  • School

Pool

  • None
Rental items
Hot Water Tank (if rental)

Mortgage calculator

Minimum for this price: $798,000 (20%)

Amortization, years

Estimated mortgage payment

$17,667 per month

Principal and interest
$17,667
Property tax
$1,719
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
Total, before legal fees
$980,350
Talk to me about financing

Estimates 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

16 Elderwood Drive, Toronto, ON M5P 1W5 Forest Hill South, Toronto, ON M5P 1W5
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$3,990,000 16 Elderwood Drive, Toronto, ON M5P 1W5
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