Welcome to life in one of Canada's most desirable sought-after neighbourhoods - Forest Hill South. Considered to be an ideal family home, this is truly a wonderful and rare opportunity to plant your roots in one of Toronto's most affluent and sought-after neighbourhoods. This charming 4+1 bedroom home has it all - Gleaming hardwood floors, private office, luxury panelled appliances, lots of space for storage, and a spacious, fully customizable basement with 9' ceilings & radiant heating in the floor. Among the amazing features offered are a Subzero refrigerator/freezer; Wolfe induction cooktop with a pop-up range hood; built-in Dacor wall oven, warming drawer and microwave; Insinkerator Garburetor, Metalex security screen doors, built-in speakers, central vacuum, an huge composite deck, LG washer and dryer, and a lot more. Surrounded by mature, beautiful trees, and located conveniently within walking distance to world-class private schools including Upper Canada College, Bishop Strachan School, Forest Hill Jr & Sr School; Beth Tzedec, Cedarvale Park, TTC Routes, and all the amazing shoppes and restaurants on Eglinton and in Spadina Village. Don't miss this amazing chance to become a part of this amazing, vibrant community.
4 bedrooms, 2 bathrooms, about 2,000 sq ft, works out to roughly $1,848 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 55 Elderwood Dr
Every detail from the listing, in one place.
Type
Detached
Style
2 1/2 Storey
Living space
2000-2500 sq ftas stated on the listing
Parking
3 spacesYes garage
Basement
Full, Unfinished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
3
Interior
Basement
Full · Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2 1/2 Storey
Property class
Detached
55 Elderwood Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14125998$3,695,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 55 Elderwood Dr 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
$18,152
/mo
based on the purchase price of $3,695,000
$739,000 cash
$2,956,000 financed
$2,489,728 total interest
Principal54%$2,956,000
Interest46%$2,489,728
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.
For homeowners nearby
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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 3–5 bed homes for sale in Toronto around $3.7M.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4991.3%On average, homes sold at or above asking.
Active listings12,761Homes for sale here right now.
Median vs prior 90 days0.0%Compared with May 1 – Jul 30, 2026.
Based on 9,504 sales from Jul 30 – Oct 28, 2026 (6,943 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 55 Elderwood Dr
How much is 55 Elderwood Dr listed for?
55 Elderwood Dr is listed at $3,695,000 (MLS® C14125998). Summitly updates the price as soon as the MLS® record changes.
Is $3,695,000 a good price for 55 Elderwood Dr?
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 55 Elderwood Dr changed?
No — 55 Elderwood Dr is still listed at its original asking price of $3,695,000.
How many bedrooms and bathrooms does 55 Elderwood Dr have?
55 Elderwood Dr has 4 bedrooms and 2 bathrooms, with about 2,000–2,500 square feet of living space. It is a detached home in Toronto.
How much would the monthly mortgage be on 55 Elderwood Dr?
About $18,152 a month — principal and interest on $3,695,000 with 20% down ($739,000), 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 55 Elderwood Dr compare with other homes in Toronto?
Its asking price of $3,695,000 is about 340% above the median sold price in Toronto over the last 90 days, $840,000, across 9,504 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 55 Elderwood Dr been sold before?
Summitly has no earlier MLS® sale or lease of 55 Elderwood Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 55 Elderwood Dr?
55 Elderwood Dr is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 55 Elderwood Dr been on the market?
55 Elderwood Dr was listed today (October 28, 2026).
What is the price per square foot of 55 Elderwood Dr?
About $1,478 to $1,848 per square foot: the asking price of $3,695,000 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 55 Elderwood Dr have parking or a garage?
Yes — the listing gives 3 parking spaces. Garage: Yes.
Does 55 Elderwood Dr have a basement, and is it finished?
The listing describes the basement as: Full, Unfinished.
