$3,750,000
Est. payment $16,604/moCalculate yours
18 Shorncliffe Avenue, Toronto, ON M4V 1T1
Casa Loma, Toronto, ON M4V 1T1
- 6 + 1 Beds
- 6 Baths
- 1 Garage
- 3,500 Sq Ft
Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD. MLS® C13144390
About this home
Legal five-unit residence in Forest Hill South, on a quiet corner at Spadina Road and steps to Forest Hill Village. Fully tenanted and generating strong in-place income across five self-contained, separately metered suites. Approximately 4,800 square feet above grade across three storeys and a finished at-grade lower level, arranged as a two-bedroom main-floor suite with walk-out to a private landscaped garden, a one-bedroom lower suite with separate entrance, and three upper apartments. Several suites have been recently renovated with new flooring, lighting, fixtures and stainless appliances.The significant capital work is already complete: comprehensive rewiring, copper plumbing upgrades and replacement windows between 2013 and 2015, together with a gas-fired boiler and air conditioning installed in 2014. Five hydro meters allow tenant-paid electricity. Separate laundry serves the main and lower suites; the upper apartments share coin-operated laundry. Three parking spaces including an attached garage. A rare income holding in one of Toronto’s most established residential pockets, minutes to top-ranked schools, parks, transit, and the shops and restaurants of Forest Hill Village. Some images may be virtually staged.
Property details
Overview
- Property Type
- Multiplex
- Style
- 3-Storey
- For
- For Sale
- Status
- Extension
- Size
- 3,500 sqft
Interior
- Bedrooms
- 6 + 1
- Bathrooms
- 6
- Kitchens
- 5
- Total Rooms
- 18
- Basement
- Apartment, Finished with Walk-Out, Separate Entrance, Full, Walk-Out, Finished
Building & Systems
- Heating
- Radiant (Gas)
- Cooling
- Wall Unit(s)
- Exterior
- Brick
- Foundation
- Stone
- Roof
- Flat, Shingles
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 45.1 x 79.5 Feet
- Parking
- Attached garage · 3 total
- Zoning
- RD(f6.0;d0.35*1404)
Financial
- Property Taxes
- $9,100 (2026)
Location
- Neighbourhood
- Casa Loma
- Cross Street
- Spadina & St Clair
- Direction Faces
- North
Listing
- MLS® Number
- C13144390
- Days on Market
- 152
- Listed On
- 2026-05-19
- Possession
- Flexible 60-89 days. Purchaser assumes all tenancies. Sept 1 closing OK.
- Listed By
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Rooms
Features
Interior
- Accessory Apartment
- Auto Garage Door Remote
- Built-In Oven
- ERV/HRV
- Separate Heating Controls
- Separate Hydro Meter
- Storage
- Water Heater
- Water Meter
Property
- Arts Centre
- Park
- Place Of Worship
- Public Transit
- Ravine
- School
Pool
- None
- Included
- All existing light fixtures, window coverings, appliances belonging to the seller, boiler system, supplemental HVAC equipment, ductless A/C units, coin-operated laundry equipment, and all permanent fixtures attached to the property not otherwise excluded.
- Excluded
- Tenant-owned belongings and appliances, if any. Any staging items.
- Rental items
- Water Heater - Reliance Approx $125.60 / month.
Mortgage calculator
Estimated mortgage payment
$16,604 per month
- Principal and interest
- $16,604
- Property tax
- $758
- Condo fees
- $0
- Estimated monthly cost
- $17,363
Your mortgage
- Mortgage amount
- $3,000,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,981,257
Cash to close
- Down payment
- $750,000
- Land transfer tax (Ontario + Toronto)
- $167,950
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $917,950
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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