Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

1563 Bathurst Street, Toronto, ON M5P 3H8

6+2 beds · 4 baths · 1+1 kitchens · 10+2 rooms · 4 parking spaces · 2500-3000 sq ft · Multiplex
$2,890,000
Property tax
$10,429 / year

Exceptional development opportunity in prime Forest Hill South. Approved severance and minor variances in place for the creation of four residential lots, each intended for three-storey semi-detached dwellings. Approvals are subject to conditions, including servicing and municipal requirements. Proposed lots offer efficient frontage and density, with approved relief for increased floor space index, reduced setbacks, and enhanced building envelopes.The property is currently fully tenanted, generating approximately $8,000/month in rental income, providing interim holding income during the development and permitting process.Property is being sold as-is with tenants. Buyer to verify all information and conduct their own due diligence regarding development potential and fulfillment of approval conditions.

MLS number
C13077024
Type
Multiplex
Status
Active
Bedrooms
8
Bathrooms
4
Postal code
M5P 3H8
Photos
12
Laundry
Not in the unit
132days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Forest Hill Junior and Senior Public School8.2 / 10
Elementary · Regular Track
TDSB boundary
Forest Hill Collegiate Institute7.7 / 10
Secondary · Regular Track
TDSB boundary
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.

Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
St Michael's College SchoolElementary and secondary393 mNot reported
Prime AcademySecondary434 mNot reported
Holy Rosary Catholic School
Toronto CDSB
Elementary566 m8.9 / 10
89% met the standard
Forest Hill TutoringSecondary617 mNot reported
Humewood Community School
Toronto DSB
Elementary665 m7.5 / 10
75% met the standard
Hillcrest Community School
Toronto DSB
Elementary986 m8.5 / 10
85% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 648 people.

$127,000Median household income
54.5%Own their home
42.9%Detached houses
44.4Median age
37.9%Born outside Canada
55%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35204866 — the few blocks around this address, home to 648 people. It describes the area, not this property.

648Population
42.9Average age
2.3Household size
$360,000Average household income
$127,000Median household income
55%Own their home
46%Rent
7%Condominiums
38%Born outside Canada
55%University degree
$2,800,000Average home value
7%Low income
46%Not in the labour force
29%Never married
$20,000 to $24,9991%
$25,000 to $29,9992%
$30,000 to $34,9991%
$35,000 to $39,9992%
$40,000 to $44,9991%
$45,000 to $49,9991%
$50,000 to $59,9992%
$60,000 to $69,9992%
$70,000 to $79,9993%
$80,000 to $89,9992%
$90,000 to $99,9993%
$100,000 and over39%
$100,000 to $124,9996%
$125,000 to $149,9996%
$150,000 to $199,9997%
$200,000 and over20%

Percentages are of the 440 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$578,000 · minimum here is $578,000
$12,796.29per month
Borrowed before insurance$2,312,000
Total borrowed$2,312,000
Interest over 25 years at 4.5%$1,526,888

If you rented it out

-$13,665.38per month out of pocket
Rent$0.00
Everything it costs to hold$13,665.38
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

What’s being built nearby

Planning applications within 500 m — 5 still in progress.

95 RAGLAN AVE395 m
Under Review · applied September 16, 2021

Site Plan Approval application to facilitate the development of the site for a 26-storey residential building. The proposed residential gross floor area is 19124 square metres, and 225 residential dwelling units are proposed.

City planning file →
99 RAGLAN AVE385 m
Council Approved · applied August 17, 2021

Zoning By-law Amendment application to facilitate the development of the site for a 26-storey residential building atop a 6-storey podium element.

City planning file →
73 RAGLAN AVE454 m
NOAC Issued · applied December 24, 2020

Site Plan Control application for a new 28 Storey, Residential tower with 3 levels of underground parking

City planning file →
151 VAUGHAN RD474 m
Under Review · applied October 9, 2020

INACTIVE Current May/June 2024 proposal - 12-storey residential buidling containing 80 rental dwelling units (including 20 rental replacement units), 12 parking spaces and 85 bike parking spacesJan 2024 Proposal - 12-storey (40.6 metres including mechanical pe…

City planning file →
1641 BATHURST ST439 m
NOAC Issued · applied December 19, 2019

A Site Plan Control application to permit a 4 storey rental apartment building containing 75 units. The five existing 3-storey buildings on the site are proposed to be demolished and the existing 25 rental units will be replaced in the new development.…

City planning file →
270 HEATH ST W330 m
Closed · applied November 20, 2024

Site Plan Approval for one storey building for the fan plant adjacent to the north exit of St. Clair West Station (8 Tichester Road) and within Cedarvale Park.…

City planning file →
1601 BATHURST ST73 m
Appeal Received · applied August 26, 2019

Site Plan Approval Application to facilitate the construction of an 8-storey rental apartment building containing 79 new residential units. 1601 Bathurst consists of an existing 4-storey apartment building to be demolished.

City planning file →
1601 BATHURST ST73 m
Appeal Received · applied August 26, 2019

April 2024 Resubmission: Official Plan and Zoning By-law Amendment application to permit a 7-storey residential building with 74 residential units including 9 rental replacement units

City planning file →
What these are

These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.

Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.

Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.

Listed by HOMELIFE NEW WORLD REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.