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For saleMLS® C13081206

42 Glenayr Road, Toronto, ON M5P 3B8

Forest Hill South · C03 · M5P 3B8

$4,500,000

$2,250 / sq ft

6 months on market

Bedrooms
4+1
Bathrooms
4
Interior
2,000 sf
Parking
7
Lot
40 × 159.41 ft

What's special

  • Attached garage
  • Central air
  • Finished basement
  • Fireplace

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About this property

An extraordinary opportunity to create a landmark residence in one of Toronto's most prestigious neighbourhoods. Set on a prime, highly coveted west-facing lot, this offering sits on the iconic curved red cobblestone section of Glenayr Road - one of Forest Hill's most distinguished and sought-after streets, just moments from Forest Hill Village. The property boasts a rare and generous land parcel, beginning at 40 ft of frontage and widening to approximately 71 ft, with a depth of 172.6 ft and a total area of approximately 8,600+ sq ft, offering exceptional scale and presence. This unique offering comes with Committee of Adjustment approvals for a striking custom-designed three-storey estate by renowned architect Richard Wengle, envisioned at approximately 6,000+ sq ft above grade and over 10,000 sq ft of total living space. The proposed design showcases expansive principal rooms, an integral garage, and a resort-inspired outdoor setting complete with pool, cabana, and curated entertaining spaces. Full architectural plans have been thoughtfully prepared, presenting a rare opportunity to bring a sophisticated vision to life with much of the groundwork already in place. The existing residence has been extensively prepared, offering flexibility for those who wish to proceed with the approved new build or explore a tailored transformation of the current structure. For the discerning builder, investor, or end-user, this is a rare chance to secure a premier property and step into an advanced-stage luxury project in an exceptional location. Property and improvements being sold in as-is, where-is condition. The current home has been demo'd back to the brick and is not liveable.

Rooms

11 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
Living RoomMain——
Dining RoomMain——
KitchenMain——
LibraryMain——
Primary BedroomSecond——
Bedroom 2Second——
Bedroom 3Second——
RecreationLower——
LaundryLower——
OtherLower——
Furnace RoomLower——

Features

  • Other

Property details

Property

Property type
detached
Bedrooms
4 + 1
Bathrooms
4
Interior size
2,000 sq ft
Lot size
40 × 159.41 ft
Zoning
Res
Possession
TBA

Interior

Basement
Unfinished
Heating
Water · Gas
Cooling
Central Air
Fireplaces
1
Exposure
West

Exterior & services

Construction
Brick
Garage
Attached
Parking spaces
7
Sewer
Sewer

Costs

List price
$4,500,000
Property taxes
$18,316 / year (2026)
Price per sq ft
$2,250

Listing

MLS® number
C13081206
Status
For sale
Listed
May 4, 2026
Days on market
184
Last updated
May 5, 2026
Listing brokerage
CHESTNUT PARK REAL ESTATE LIMITED

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 30% of comparable detached listings in Forest Hill South are asking less.

$3.12MMedian $5.82M$14.60M
This home
$2,250 / sq ft
Comparable median
$1,763 / sq ft

Based on 44 comparable active detached listings in Forest Hill South. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $900,000
$900,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$19,905.02
Property tax (est.)
$1,526.31
Estimated monthly
$21,431

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$98,975
Toronto municipal
$118,975
Total due on closing
$217,950

An estimate on the asking price of $4,500,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of CHESTNUT PARK REAL ESTATE LIMITED. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$4,500,000

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Similar properties nearby

41

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Forest Hill South · C03

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3,000 sf
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1 weeks on marketMLS® C14124326

Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM