$3,999,000
21 Ridgewood Road, Toronto, ON M5P 1T4
Forest Hill South · C03
Listing courtesy of RE/MAX REALTRON REALTY INC.
Forest Hill South · C03 · M5P 2V9
$3,450,000
$1,150 / sq ft4 weeks on market
Rare Forest Hill Investment & Development Opportunity. Positioned on one of Toronto's most prestigious residential corridors, 380 Spadina Road offers an exceptional combination of immediate rental income, substantial land value, and long-term redevelopment potential. Located just north of Casa Loma, this prominent property is currently improved with a substantial seven-bedroom residence and is fully tenanted, providing income from day one while future plans take shape.Set behind a distinguished grey stone and red brick façade, the property delivers impressive street presence, mature landscaping, and the character expected of this coveted Forest Hill setting. Investors can maintain the existing income-producing asset, while future opportunities may include a luxury estate conversion, enhancement of the existing residence, redevelopment of the carriage house for additional income, or a larger-scale redevelopment strategy, subject to approvals. With strong frontage, an established executive neighbourhood, and proximity to transit, premier schools, parks, Casa Loma, downtown Toronto, and the city's financial and cultural districts, the property offers both strategic flexibility and enduring location value.An increasingly rare opportunity to secure a prominent Forest Hill property where income, land, location, and future potential converge.
12 rooms. Dimensions as published by the listing brokerage.
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Living Room | Main | 4.52 × 3.70 m14.8 × 12.1 ft | — |
| Dining Room | Main | 3.98 × 3.48 m13.1 × 11.4 ft | — |
| Kitchen | Main | 2.23 × 4.06 m7.3 × 13.3 ft | — |
| Family Room | Main | 3.27 × 3.50 m10.7 × 11.5 ft | — |
| Bedroom | Second | 3.73 × 3.48 m12.2 × 11.4 ft | — |
| Bedroom | Second | 3.93 × 2.81 m12.9 × 9.2 ft | — |
| Bedroom | Second | 2.23 × 4.06 m7.3 × 13.3 ft | — |
| Bedroom | Second | 4.75 × 2.74 m15.6 × 9.0 ft | — |
| Bedroom | Second | 3.27 × 3.17 m10.7 × 10.4 ft | — |
| Recreation | Basement | 8.35 × 3.32 m27.4 × 10.9 ft | — |
| Bedroom | Basement | 4.31 × 2.74 m14.1 × 9.0 ft | — |
| Utility Room | Basement | 3.73 × 1.52 m12.2 × 5.0 ft | — |
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced below most comparable listings — about 11% of comparable detached listings in Forest Hill South are asking less.
Based on 44 comparable active detached listings in Forest Hill South. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $3,450,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of COSMOPOLITAN REALTY. 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.
What similar homes in this area actually sold for.
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