1401-240 Heath St
Forest Hill South, Toronto, Ontario M5P 3L5
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1,600–1,799sq ft
- Per sq ft
- $1,315at the range’s middle
- Tax a year
- $6,1912025 tax year
- Built
- 31-50
- Parking
- 11 underground
- Days on market
- Members
The brief
About 1401-240 Heath St
1401-240 Heath St is a 2-bedroom, 2-bathroom condo in Forest Hill South, Toronto, listed for sale at an asking price of $2,235,000 (MLS® C14026782).
Downsizing Doesn't Have To Feel Like Downsizing In Forest Hill. Welcome To Over 1,700 Sq. Ft. Of Exceptional, Turnkey Luxury Living In The Heart Of Forest Hill Village. Completely Reimagined And Designed By Renowned Interior Designer Rosen+Co., This Sophisticated 2-Bedroom, 2-Bathroom Residence Combines The Space And Comfort Of A Home With The Ease Of Condo Living.A Coveted Southwest Exposure And Massive Windows Flood The Suite With Natural Light, Creating A Bright And Airy Feel Throughout. The Expansive Open-Concept Living And Dining Areas Are Ideal For Everyday Living And Entertaining, Featuring Extensive Custom Built-Ins, Exceptional Closet And Storage Space, Motorized Hunter Douglas Blinds And A Striking Electric Steam Fireplace.The Designer Kitchen Is A Showpiece With A Waterfall Stone Island, Premium Miele Appliances, Integrated Fridge/Freezer And Built-In Wine/Beverage Fridge.The Generous Primary Suite Features Extensive Custom Storage And A Spa-Inspired Ensuite With Heated Floors, Double Shower, Built-In Bench And Large Vanity Counter. A Spacious Second Bedroom And Beautifully Finished Second Bathroom Provide Flexibility For Guests, Family Or A Home Office.Step Outside To The Large Open Balcony, Extending The Living Space And Providing The Perfect Spot To Enjoy The Southwest Exposure. Parking with EV charger And Locker Complete This Truly Turnkey Offering. All Of This Just Steps From The Shops, Cafes And Restaurants Of Forest Hill Village, With Convenient Access To The Subway, The St. Clair Streetcar, Parks And Everything Midtown Toronto Has To Offer. Beyond The Suite, The Building Offers A Welcoming Atmosphere And A Strong Sense Of Community-A Place Where Neighbours Know Neighbours And It Truly Feels Like Home. Over 1,700 Sq. Ft. Of High-End Luxury Living. Exceptional Design. Incredible Natural Light. Outstanding Storage. Bonus, Universal EV Charger installed in Parking Stall. A Wonderful Sense Of Community. Simply Move In And Enjoy.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$10,853/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 31 condos with 2 bedrooms for lease in Forest Hill South right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $6,191 / 2025
- MLS® number
- C14026782
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 31-50
- Days on market
- Size
- 1600-1799 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Forest Hill South
- Municipality
- Toronto
Building
- Size
- 1600-1799 sqft
- Building Age
- 31-50
- Construction
- Concrete
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc Flat, 1 × 3pc Flat
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- Yes
- Den
- No
- Family room
- No
- Extras
- Integrated Miele Fridge/Freezer, Miele Induction Stove, Wine Fridge, S/S Stacked Washer & Dryer, Central Vacuum & Attachments, Automation System, All Elf's & Window Coverings. Universal EV charger in Parking Stall (billed separately).
- Condo maint.
- $2,590
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Foyer | 2.91 × 2.42 m | Double Closet, hardwood floor | Flat |
| Living | 7.25 × 3.4 m | Combined W/Dining, Gas Fireplace, hardwood floor | Flat |
| Dining | 5.83 × 5.9 m | Combined W/Living, hardwood floor, Bay Window | Flat |
| Kitchen | 2.94 × 6.21 m | Stone Counter, Breakfast Bar, W/O To Balcony | Flat |
| Primary | 5.4 × 3.94 m | W/I Closet, 3 Pc Ensuite, B/I Shelves | Flat |
| 2nd Br | 3.14 × 6.09 m | B/I Shelves, hardwood floor, His/Hers Closets | Flat |
| Laundry | 3.39 × 1.63 m | Laundry Sink, Tile Floor, B/I Shelves | Flat |
Listing history
Buy/sell history for 1401-240 Heath St, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $2,235,000 | N/A | For Sale | C14026782 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $447,000
- Total mortgage amount
- $1,788,000
- Total interest payment
- $1,271,100
- Total purchase cost
- $3,506,100
- Mortgage payment
- $10,197/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
—Monthly carrying cost
$13,303- Rent $2,450
- Shortfall $10,853
Rental income opens at $2,450, the median asking rent of 31 comparable homes for lease in Forest Hill South. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $42,350
- Toronto municipal land transfer tax
- $42,350
- Total land transfer tax
- $84,700
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $76,225
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $2,000,000
- $32,000
- 2.5% from $2,000,000 to $2,235,000
- $5,875
- Ontario total
- $42,350
Toronto’s municipal tax uses the same brackets at this price, so it adds another $42,350.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m33 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 45 building permits issued within 250 m in the last 2 years250 m
- 1 open development application within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 6.0 km6 km
- Mapped parcel: about 33,790 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaOnly facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.30 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, Dotto One, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, Routcom, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
RA (u81) (x510)By-law
569-2013Municipality
Toronto1 u81
Unit count: at most 81 dwelling units.
2 x510
Site-specific exception 510: this site has rules of its own, written in the by-law.
3 Where this is written
Chapter 15, section 15.10 of By-law 569-2013 · Exception 900.7.10(510)
4 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
5 building permits cleared at this address in the City’s file.
Garage Repair/ReconstructionClosed
Ramp topping and embedded snow melt system replacement and associated concrete repairs.
Issued March 1, 2022
Interior AlterationsCancelled
Proposal to construct a room for future mechanical room
Completed April 1, 2021
Garage Repair/ReconstructionPermit Issued
Garage roof slab rehabilitation
Issued May 22, 2020
Other(BA)Closed
Adding glazing system to balcony to enclose balcony space
Issued August 2, 2018
Backflow Prevention Devices (Water only)Permit Issued
Proposed installation of one premise isolation back flow preventer for residential condominium.
Issued July 10, 2014
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
429 WALMER RDSite planUnder Review
May 2023 resubmission: The application has been revised as follows: A 73.5 metre (19-storey inclusive of mechanical penthouse) mixed-use building is proposed with 17,930 square metres of gross floor area of which 200 square metres is non-residential. 98 residential units and 139 parking spaces are proposed.See the related Rezoning application: 22 192578 STE 12 OZ The rezoning application proposes a 19-storey mixed-use building, including 87 residential units with commercial space at grade. The proposed building has an overall height of 68.4 metres (75.9 metres including mechanical penthouse), with a total gross floor area of 18,450 square metres.
180 m away1 THELMA AVESite planUnder Review
Site Plan Approval for a 7-storey residential building, with 16 dwelling units, 49 vehicle parking spaces, and 10 bicylce parking spaces.
300 m away3 THELMA AVESite planUnder Review
Site Plan Approval for a 7-storey residential building, with 16 dwelling units, 49 vehicle parking spaces, and 10 bicylce parking spaces.
310 m away7 THELMA AVESite planUnder Review
Site Plan Approval for a 7-storey residential building, with 16 dwelling units, 49 vehicle parking spaces, and 10 bicylce parking spaces.
310 m away5 THELMA AVESite planUnder Review
Site Plan Approval for a 7-storey residential building, with 16 dwelling units, 49 vehicle parking spaces, and 10 bicylce parking spaces.
320 m away11 THELMA AVESite planUnder Review
Site Plan Approval for a 7-storey residential building, with 16 dwelling units, 49 vehicle parking spaces, and 10 bicylce parking spaces.
320 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Forest Hill South right now
- For sale now
- 24
- Median asking price
- $1.05M
- New in 7 days
- 4
- Price cuts
- 13%
Middle half: $866K to $1.39M
11 in 28 days
3 listings
This home is asking 113% above the median, higher than three quarters of them.
See all homes in Forest Hill SouthAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| St Clair West Station | TTC subway: Line 1 Yonge-University | 350 m |
| Dupont Station | TTC subway: Line 1 Yonge-University | 1.5 km |
| St Clair Station | TTC subway: Line 1 Yonge-University | 1.7 km |
| Chaplin Station | TTC light rail: Line 5 Eglinton | 1.8 km |
| Bloor GO | GO Transit train: KitchenerUP Express train | 4.4 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Holy Rosary Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 200 m | 82%Grade 6 average |
| Hillcrest Community SchoolToronto DSB | Public · grades JK–6 | 900 m | 83%Grade 6 average |
| Forest Hill Junior and Senior Public SchoolToronto DSB | Public · grades JK–8 · French Immersion | 950 m | 93%Grade 6 average |
| ÉÉC du Sacré-Coeur-TorontoConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 2.3 km | 60%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Forest Hill Collegiate InstituteToronto DSB | Public · grades 9–12 | 1.9 km | 60%Grade 9 math |
| Oakwood Collegiate InstituteToronto DSB | Public · grades 9–12 · French Immersion | 2.1 km | 44%Grade 9 math |
| Marshall McLuhan Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 | 2.3 km | 59%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 4 km | 86%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Recently sold nearby
Sold prices in Forest Hill South are shown to signed-in members.