MLS® listing
470 Russell Hill Road: detached house for sale
$6,495,000
From the listing brokerage
Welcome home to 470 Russell Hill Rd. Located On One Of The Most Prestigious Streets In Forest Hill. This Well-Appointed Classic Georgian Home Is Perfect For Entertaining. With Grand Living, Dining & Family Rooms, This Home is Turn-Key & Move In Ready. Private Garden That Feels completely secluded. Modern Kitchen With Top Of The Line Wolf & Sub Zero Appliances. Heated Drive In The Front with electric car charger, And Double Car Garage At Rear with additional driveway space. The detached two-car garage is accessible from Old Forest Hill Rd. 5 Large Bedrooms, 2 Laundries, Top Of The Line Finishes Throughout. Steps To Upper Canada College & Bishop Strachan School, Canada's Top Private Schools. A Short walk to the Forest Hill Village shops & restaurants. This home has been lovingly maintained, and is ready for you to move right in. Property is currently tenanted until August 31, 2026 at $22,500.00 Per Month. The Tenants are willing to extend for an additional year if the Buyer agrees until August 31, 2027.
Facts on the listing
| Square feet | 5000 + |
|---|---|
| Approximate age | 51-99 |
| Style | 3-Storey |
| Basement | Finished |
| Lot width | 50 |
| Lot depth | 150 |
| Lot measured in | Feet |
| Faces | West |
| Parking spaces | 8 |
| Garage | Detached |
| Heating | Radiant |
| Cooling | Central Air |
| Kitchens | 1 |
| Property tax | $26,778 |
| Tax year | 2025 |
| Parking | Front Yard Parking |
| Interior features | Other |
| Features | Electric Car Charger, Fenced Yard, Park, Place Of Worship, School |
Listing courtesy of HARVEY KALLES REAL ESTATE LTD.. MLS® C13426984.
About this detached house
470 Russell Hill Road is a 6 bedroom detached house in TRREB's Forest Hill South community in Toronto, listed for sale at $6,495,000. The listing shows 5 bathrooms and 5000 + square feet. The style is given as 3-storey. The lot is listed as 50 by 150 feet. The listing gives the basement as finished. It comes with 8 parking spaces and a detached garage according to the listing. The nearest main intersection given is Russell Hill & Old Forest Hill. The age is listed as 51-99 years.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 470 Russell Hill Road
At the asking price of $6,495,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $6,495,000 |
|---|---|
| Ontario land transfer tax | $148,850 |
| Toronto municipal land transfer tax | $257,150 |
| Both taxes | $406,000 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $1,299,000 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2025) | $26,778 a year, about $2,231 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
How the asking price compares
TRREB recorded 550 detached house sales in the City of Toronto in August 2026, at a median price of $1,170,000 and an average of $1,525,749. This home is listed at $6,495,000, which is $5,325,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as radiant.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 50 by 150 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 470 Russell Hill Road
How much is land transfer tax on 470 Russell Hill Road?
At the asking price of $6,495,000 the Ontario tax is $148,850 and the Toronto tax is $257,150, $406,000 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 470 Russell Hill Road?
$1,299,000 at the asking price of $6,495,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 470 Russell Hill Road?
The listing shows $26,778 a year for 2025, about $2,231 a month.
Is 470 Russell Hill Road priced above or below the median?
It is listed at $6,495,000. The August 2026 median for detached house sales in the City of Toronto was $1,170,000 across 550 sales, so the asking price is $5,325,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 470 Russell Hill Road?
Use the form on this page or call us. Quote MLS® C13426984. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 470 Russell Hill Road still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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