505 Russell Hill Road
Forest Hill South, Toronto
$12,800,000
Bedrooms: 4
Bathrooms: 7
Living Area: 5,000 sqft
Price Per Sqft: $2,560.00
About this Detached
in Forest Hill South, Toronto
Welcome to 505 Russell Hill Road, an extraordinary custom-built residence in the heart of Forest Hill one of Canada's most prestigious neighbourhoods. Completed in 2023, this timeless limestone two-storey home sits on a prominent corner lot and offers over 9,100 sq. ft. of luxurious living space, complete with a built-in tandem 3-car garage and heated driveway. The bright, family-friendly layout features soaring floor-to-ceiling windows that flood the home with natural light. The open concept kitchen and family room feature heated floors throughout. Chefs kitchen with high end appliances and a secondary fry kitchen with sink and stove rough-in, Ideal for entertaining. The second level showcases a dramatic skylight and four spacious bedrooms, each with its own ensuite, including a primary suite with spa-inspired bath and generous walk-in closet. Elevator that services all floors. The finished lower level is designed for recreation and entertaining, featuring a 45 x 19 bar, nanny suite, rough-in theatre room, indoor swimming pool, hot tub, and rough-in for an additional bathroom.This is a rare opportunity to own a distinguished Forest Hill address, with close proximity to Canadas most renowned private schools, including Upper Canada College (UCC) and Bishop Strachan School (BSS). *Please Note: The house is nearly complete and some finishes remain to be completed by the new owner.*
Listed by FOREST HILL REAL ESTATE INC..
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LAND TRANSFER TAX CALCULATOR
| Purchase Price | |
| First-Time Home Buyer |
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| Ontario Land Transfer Tax | |
| Toronto Land Transfer Tax | |
Province of Ontario (effective January 1, 2017)
For Single Family or Two Family Homes
- Up to and including $55,000.00 -> 0.5%
- $55,000.01 to $250,000.00 -> 1%
- $250,000.01 to $400,000 -> 1.5%
- $400,000.01 & $2,000,000.00 -> 2%
- Over $2,000,000.00 -> 2.5%
First-time homebuyers may be eligible for a refund of up to $4,000.
Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers
City of Toronto (effective March 1, 2017)
For Single Family or Two Family Homes
- Up to and including $55,000.00 -> 0.5%
- $55,000.01 to $250,000.00 -> 1%
- $250,000.01 to $400,000 -> 1.5%
- $400,000.01 & $2,000,000.00 -> 2%
- Over $2,000,000.00 -> 2.5%
First-time homebuyers may be eligible for a rebate of up to $4,475.
Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities
MORTGAGE CALCULATOR
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| * This material is for informational purposes only. | |||
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