The Courtyards of Upper Forest Hill | $639,000 | For Sale

Imagine for a moment that you could acquire a beautiful, easy-lifestyle 1150 square foot space, a plus west-facing balcony, with two bedrooms, two washrooms, parking and a locker in one of Toronto’s finer neighbourhoods for under $565 a square foot. That’s half of a condo in Toronto’s cost per square foot. And found in Forest Hill North! As this is a boutique building, you will find that the other owners are friendly and helpful, much like a family looking out for one another. You can have this as you wish!

For those who may be unaware, co-ownership is one of the best-valued options in the city, and it’s very rare. In a time of skyrocketing real estate prices, this remains the best value for money. This isn’t fractional ownership, there are no gimmicks – it’s just incredible value.

There is even more upside for banding together with the other owners in the building to convert the building to a condo ownership structure, which would unlock a great deal more value on a cost-per-square-foot basis. After all, who wouldn’t like to reshuffle the deck and unlock additional wealth? Opportunity knocks here, will you answer?

Excellent TTC services with the Bathurst bus line and the Eglinton LRT (which is supposed to open this calendar year, finally!) give access to the core and downtown in no time. The Allen Expressway and 401 are very close for those looking to venture away from city life from time to time.

There are excellent options for walking the dog, with quiet leafy streets, the Kay Gardiner Beltline, and parks around the neighbourhood. Shopping and restaurants are all along Eglinton, a short stroll away.

Do you need extra space for a visiting friend or family member? The building has a guest suite, making it an easy option for visitors.

Included:

Parking Space, Locker, Balcony, Fridge, Stove, Dishwasher, Microwave, Wash & Dryer, Wall-Unit AC, All Broadloom, All ELFs, TV Mount, Portable Fireplace

What Do You Need To Know About Co-Ownership?

You own the percentage share of the space, so you can mortgage your apartment if you wish.
An Estoppel Certificate is reviewed just as a Status Certificate is reviewed for a condo.
You can get financing typically with 20-40% as a down payment.
Excellent value in Toronto. You cannot find this much square footage for the price in our city.

This is a great opportunity for co-ownership holders: get on the board and have everyone agree to convert the building to a condo. It will increase the value of your unit overnight by roughly 10-20%. Yes, you read that correctly.

About the Neighbourhood | Forest Hill North

The main shopping streets in Forest Hill are lined with plenty of shops, mainly independent boutiques. Most people go to Spadina, Lonsdale, and Eglinton to satisfy their shopping needs. Though there are a number of small boutique shops, one can also find less expensive stores. These streets are also lined with many restaurants offering international cuisine and other food shops.