$650K · 2+1 bed Condo Apartment · Westminster-Branson, Toronto

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Unit 507

Forest Hills Condominiums The Hemispheres III of Forest Hills · 131 Torresdale Avenue · Toronto · Ontario M2R 3T1

MLS® C13042188 · Westminster-Branson · M2R 3T1

2+12OwnerOccupied1400-1599 ft²Condo Apartment2-car UndergroundNo basement88d$433/ft²$2,518 tax/yrNo basement

88 days on market

About this home

Fabulous 2+1 bedroom corner unit. Open concept layout with over 1500 sq.ft. of living space to enjoy. Updated wood floors and porcelain floors and gorgeous wainscotting. This open concept unit has great views as well as an oversized living and dining room, a den that can be used as a bedroom and a family room. Primary bedroom has an ensuite and his/hers closets. This building is centrally located and has amazing amenities such as an outdoor pool, exercise room, party room and a security guard.

Property details

MLS#

C13042188

Status

Buy Now

Property class

Residential Condo & Other

Beds

2+1

Baths

2 full, 0 half

Rooms

Kitchens

Size

1400-1599Exact finished sqft not on MLS feed (often MPAC-only on broker systems)

Basement

None

Style

Apartment

Type

Condo Apartment

Year built

—Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Owner Occupied
Washrooms: 4 pc · Flat; 3 pc · Flat
Family room: Family room
Central vacuum: No
Ensuite laundry: No

Building name: Forest Hills Condominiums The Hemispheres III of Forest Hills
Condo corp #: 584
Balcony: None
Locker: Ensuite
Fees include: Building Insurance Included, Common Elements Included, Cable TV Included, Heat Included, Hydro Included, Water Included, Parking Included, CAC Included
Pets: Yes-with Restrictions

Garage: 2-car Underground
Garage spaces: 2
Parking: 2 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Concrete
Fronting on: —
Cross street: Bathurst/Drewry/Finch
Stories: 5
Utilities: —
Laundry: Ensuite
Interior: Storage
Parking features: Tandem

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $649,900✓ $2,518 tax✓ Gas✓ 1400-1599 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$6,270/mo

incl. closing costs (yr 1)

Annual total

$75,236

year 1

Mortgage only

$2,466/mo

principal + interest

Beyond mortgage

$2,556/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$129,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$210/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,500 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$6,499/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$115/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$9,473

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)39% $29,586/yr

Property taxes16% $11,991/yr

Utilities5% $3,960/yr

Insurance & security2% $1,600/yr

Maintenance9% $6,499/yr

Condo fees22% $16,500/yr

Closing costs7% $5,100/yr

Mortgage is 39% of your true cost of ownership. The other 61% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$29,586	$2,466/mo
Government & taxes
Property tax	$2,518	$210/mo
Land transfer tax(closing)	$9,473	$789/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$6,499	$542/mo
Condo fees
Condo / HOA fees	$16,500	$1,375/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$75,236	$6,270/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 507

About this home

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Annual costs