297 Forest Hill Rd is a 5-bedroom, 4-bathroom detached home in Toronto, listed for $3,988,000. It has 3500-5000 sq ft of living space.
1With impressive curb appeal, a handsome existing façade, and an expansive three-storey residence, the property offers tremendous potential for those looking to create a spectacular custom home.
An Exceptional Forest Hill Opportunity - Build Your Dream HomeSet on one of Forest Hill's most prestigious and sought-after streets, this exceptional property presents a rare opportunity to secure a premium building lot measuring approximately 50.06 x 120.15 feet. With impressive curb appeal, a handsome existing façade, and an expansive three-storey residence, the property offers tremendous potential for those looking to create a spectacular custom home. Similar properties in the area have achieved approximately 6,500 sq. ft. above grade, offering an exciting opportunity to envision and build a substantial luxury residence tailored to your own design and lifestyle (subject to approvals).For those who prefer, the existing home also offers the flexibility to renovate, update and personalize, rather than build new. An existing backyard swimming pool adds further appeal and potential to this exceptional offering.Whether you choose to renovate, reimagine or build your dream home from the ground up, this is an opportunity to establish yourself on one of Toronto's most distinguished addresses.Ideally located steps to renowned private and public schools, including UCC, BSS, Bialik, Forest Hill Junior and Senior Public Schools, and Forest Hill Collegiate. Enjoy convenient access to parks, TTC, scenic trails, fine dining, and the boutiques and amenities of ForestHill Village.A rare opportunity to secure a premium property in the heart of Forest Hill and create something truly exceptional.All fireplaces are wood burning.Property and building being sold in "As Is, Where Is" condition.
5 bedrooms, 4 bathrooms, about 3,500 sq ft, works out to roughly $1,139 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 297 Forest Hill Rd
Every detail from the listing, in one place.
Type
Detached
Style
3-Storey
Living space
3500-5000 sq ftas stated on the listing
Parking
4 spacesYes garage
Basement
Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
4
Interior
Basement
Finished
Exterior & construction
Pool
Yes
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
3-Storey
Property class
Detached
297 Forest Hill Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14175084$3,988,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 297 Forest Hill Rd Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$19,592
/mo
based on the purchase price of $3,988,000
$797,600 cash
$3,190,400 financed
$2,687,154 total interest
Principal54%$3,190,400
Interest46%$2,687,154
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 4–6 bed homes for sale in Toronto around $4.0M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5171.1%On average, homes sold at or above asking.
Active listings13,923Homes for sale here right now.
Median vs prior 90 days−0.6%Compared with May 16 – Aug 14, 2026: prices down.
Based on 9,167 sales from Aug 14 – Nov 12, 2026 (7,215 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 297 Forest Hill Rd
How much is 297 Forest Hill Rd listed for?
297 Forest Hill Rd is listed at $3,988,000 (MLS® C14175084). Summitly updates the price as soon as the MLS® record changes.
Is $3,988,000 a good price for 297 Forest Hill Rd?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 297 Forest Hill Rd changed?
No — 297 Forest Hill Rd is still listed at its original asking price of $3,988,000.
How many bedrooms and bathrooms does 297 Forest Hill Rd have?
297 Forest Hill Rd has 5 bedrooms and 4 bathrooms, with about 3,500–5,000 square feet of living space. It is a detached home in Toronto.
How much would the monthly mortgage be on 297 Forest Hill Rd?
About $19,592 a month — principal and interest on $3,988,000 with 20% down ($797,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 297 Forest Hill Rd compare with other homes in Toronto?
Its asking price of $3,988,000 is about 375% above the median sold price in Toronto over the last 90 days, $840,000, across 9,167 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 297 Forest Hill Rd been sold before?
Summitly has no earlier MLS® sale or lease of 297 Forest Hill Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 297 Forest Hill Rd?
297 Forest Hill Rd is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 297 Forest Hill Rd been on the market?
297 Forest Hill Rd was listed today (November 12, 2026).
What is the price per square foot of 297 Forest Hill Rd?
About $798 to $1,139 per square foot: the asking price of $3,988,000 over the 3,500–5,000 sq ft the listing gives as its size range.
Does 297 Forest Hill Rd have parking or a garage?
Yes — the listing gives 4 parking spaces. Garage: Yes.
Does 297 Forest Hill Rd have a basement, and is it finished?
