September 10th, 2010 
Eileen Richman
Broker

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Forest Hill is an affluent neighbourhood in central Toronto, Ontario, Canada. Along with Rosedale, and The Bridle Path, it is one of Toronto's three wealthiest neighbourhoods.

History

Forest Hill was originally incorporated as a village in 1923, and later annexed by the City of Toronto in 1967, along with the Village of Swansea. The village was named after the summer home of John Wickson; previously it had been known as Spadina Heights (a name that continued to be applied to the neighbourhood into the twentieth century). Rather than electing a mayor as in a city, the leading municipal official was the reeve of the village.

The Forest Hill neighbourhood is one of Toronto's most prestigious districts. The mansions in Lower Forest Hill are rivaled only by those found in Rosedale. Forest Hill's schools are among the best in the country. They include two of Canada's most revered private schools: Upper Canada College for boys, and Bishop Strachan School for girls. One of Toronto's prettier districts, the topography is very diverse with gently sloping hills, winding roads, and numerous little parkettes all adding charm to the neighbourhood.

 

STATISTICS

Homes Sold in 2008 (Detached, 3 or 4 bdrm):  60

Median Sale Price:  $1,807,000

Average Sale Price: $2,216,067

The Forest Hill Village shopping district is centred around the intersection of Spadina Road and Lonsdale Road. The ambience of this private enclave of stores is that of a small town rather than a big city. The Village's boutiques and shops cater to the specific needs of Forest Hill's affluent residents.The Eglinton West Village shopping district has a large variety of stores to suit every taste and budget. This street also contains many fine restaurants and food stores.

The Belt Line fitness and nature trail follows the route of the former Belt Line railway, which was Toronto's first commuter train. This fourteen and one-half kilometre track passes through Forest Hill on its way down to Rosedale. The Belt Line Path is enjoyed by both nature and fitness enthusiasts.Forest Hill's Public Library has a myriad of programs for adults, children, and preschoolers.

Real Estate

Grounded at its southern end by those two bastions of affluence, Upper Canada College and Forest Hill Village, the area bounded by Avenue, Bathurst, St. Clair and Eglinton has some swagger. Completely developed by the 1930s, the area exudes both traditional respectability and a rabid desire to keep up. Front-lawn dumpsters are common, due to the prevalence of massive renovations. Homes are big, as in Brian Gluckstein's six-bedroom, six-bath 1913 design showcase, and the seven-bedroom "Forest Hill Landmark" that sold for $3.85 million last year. They also come in every style, from French Colonial with terra cotta tiles to English country manors with Tudor boarding and sweeping lawns. Utilitarian brick is usually well hidden behind stucco or stone, and the houses come loaded with such luxurious details as sculpture gardens, porte cochères and imposing gated entrances.

HOUSING STOCK: Forest Hill was traditionally dominated by Tudors and Georgians-which is still the trend today-but French Provincials and the occasional ultra-modern design now dot the neighbourhood as well.

BARGAIN ZONES: Roughly $1.5 million will buy a 40-foot lot in lower Forest Hill Village, on the western side of Spadina, though homes in Chaplin Estates can be had for under $1 million. Of course, you'll want to save money to tear down that house and replace it with a bigger, better stone Tudor.

THE VERDICT: Forest Hill's proximity to downtown makes it a relatively safe investment area and, as evidenced by the number of extensive renovation projects on the go, demand for property remains strong. Forest Hill Village, with its mixed demographic, is embracing a more casual feel, rather than the pretentiousness it has been well-known for in years past.

For more listings in Forest Hill and Surrounding areas         click here

For more information on the Forest Hill Real Estate market   click here

SCHOOLS

Public:

Forest Hill Jr. & Sr.                     78 Dunloe                          (416) 393-9335

Alternative Primary Jr.               1100 Spadina                     (416) 393-9199

North Preparatory Jr.                 1100 Spadina                     (416) 393-9230

West Preparatory Jr.                  70 Ridge Hill                      (416) 393-1633

Forest Hill Collegiate                 730 Eglinton W.                (416) 393-1860

Private

Bishop Strachan School           298 Lonsdale Rd               (416) 483-4325

Upper Canada College              200 Lonsdale Rd.              (416) 488-1125


 The Toronto District School Board       The Toronto Catholic District School Board

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